Harry Winston (HWD +2.2%) has secured bank financing for a potential deal to buy the Ekati...

|By:, SA News Editor

Harry Winston (HWD +2.2%) has secured bank financing for a potential deal to buy the Ekati diamond mine from BHP Billiton (BHP +0.7%), but the sale process has moved slowly and may still break down, FT reports. Complicating things is Rio Tinto's (RIO) nearby mine it may want to sell; HWD owns a 40% stake and may decide to pick up the remaining 60%, but it can't afford to do both deals.