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Mountain Province
Lenders Grant Waiver to Mountain Province
Mountain Province has obtained a waiver for its revolving-loan agreement as it struggles with challenges in the diamond market amid the coronavirus pandemic.The Bank of Nova Scotia and Nedbank, which hold the loan, have agreed...
Mining Jul 14, 2020 Rapaport News
Mountain Province ghacho kue 150
Mountain Province Cuts 2020 Production Forecast
Mountain Province has reduced its production outlook for the year amid the challenges posed by the coronavirus pandemic and its impact on operations.The miner now expects to produce between 6.3 million and 6.4...
Mining Jun 21, 2020 Rapaport News
mountain province ore crusher 150
Mountain Province to Exit Nasdaq
Mountain Province has decided to delist itself from the Nasdaq stock exchange following six months in which its shares were below the minimum bid price.The company, which is also listed on the Toronto Stock...
Mining Feb 02, 2020 Rapaport News
Mountain Province
Rough Slump Hits Mountain Province
Sales of rough diamonds at Mountain Province fell 13% in 2019 as a glut in the midstream led to a challenging market.The company’s sales from its Gahcho Kué mine in Canada slipped year on year to $208.2 million in 2019, it said last...
Mining Jan 26, 2020 Rapaport News
De Beers Dominion
De Beers, Dominion Seek Canada Expansion
De Beers and Dominion Diamond Mines have submitted paperwork indicating their desire to expand exploration at their current projects in Canada.In a December 31 permit request to Canada’s Mackenzie Valley Land and Water Board, De Beers noted interest...
Mining Jan 06, 2020 Rapaport News
Mountain Province
Mountain Province Slides to Net Loss
Mountain Province saw a net loss in the third quarter,hampered by bad weather and the negative impact of currency fluctuation. The company reported a loss of CAD 25.8 million ($19.6million) from its Gahcho Kué mine in Canada...
Mining Nov 07, 2019 Rapaport News
De Beers carbon
De Beers Testing Carbon-Neutral Mining
De Beers is studying how to eliminate the carbon footprintof diamond mining by storing the emissions inside kimberlite, it saidWednesday. The miner recently received a government grant of CAD675,000 ($514,000) to test the process at its Gahcho Kué mine...
Mining Jul 24, 2019 Rapaport News
Mountain Province
Gahcho Kué Production Set to Rise
Production at the Gahcho Kué mine is likely to exceedexpectations for 2018 before increasing steadily over the next three years, accordingto part owner Mountain Province. The company is confident total output at the Canada asset...
Mining Nov 28, 2018 Rapaport News
Rough Demand Boosts Mountain Province Sales 150
Gahcho Kué Prices Rise as Market Improves
Mountain Province Diamonds has posted its highest monthly sales total to date, as better-quality production and improved demand drove rough prices higher in February.The company sold a total of 351,000 carats from its Gahcho Kué...
Mining Feb 13, 2018 Rapaport News
Gahcho Kue
Gahcho Kué Prices Hit New Peak at $95/ct.
Mountain Province Diamonds recorded its highest averageprice to date as it garnered $21.1 million at its June sale.The fifth tender of rough from the company’s Gahcho Kué minefetched $95 per carat, compared with $72 per...
Mining Jun 27, 2017 Rapaport News
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