July 17, 2017 / 1:56 PM / a year ago

BRIEF-Washington Co to start talks with Canada gov't on Dominion takeover

July 17 (Reuters) -

* Washington Co, whose takeover bid has been accepted by Canada’s Dominion Diamond, will continue search for new Dominion CEO, no timeline, Washington president Lawrence Simkins says

* Simkins says taking Dominion Diamond private allows for longer timeline to invest in exploration to expand mine life

* Simkins says will start process of talking to gov’t of Canada on Dominion takeover on Monday, confident of approvals

* Simkins says Washington has had initial discussion with Rio Tinto about its 60 percent stake in Diavik diamond mine, which is 40 percent owned by Dominion

* Simkins says had no discussions with Dominion Diamond’s shareholders on takeover Source text for Eikon: Further company coverage: (Reporting by Nicole Mordant)

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