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Lenders to Acquire Stornoway
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Stornoway Diamond Corporation’s major lenders have agreed to take over the company amid mounting debts that prompted the miner to file for protection from creditors.The owner of the Renard mine in Quebec is seeking torestructure...
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Mining
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Sep 10, 2019
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Rapaport News
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Stornoway Sees Rise in Renard Prices
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Stornoway Diamond Corporation earnedrevenues of $33.4 million (CAD 42.6 million) in the second quarter, reporting anincrease in rough-diamond prices at its flagship Renard mine in Canada.Two tenders during the period fetched anaverage of $87 per carat,...
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Mining
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Aug 15, 2017
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Rapaport News
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WDM Names Seven New Retail Members
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Seven retailers have joined the World Diamond Mark (WDM)roster of authorized diamond dealers, enabling them to carry the scheme’ssymbol while committing to its code of practices.The new members of the WDM, the marketing effort of theWorld...
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Retail
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Jul 11, 2017
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Rapaport News
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Renard Tallies 1M Carats Since Launch
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Stornoway Diamond Corporation has produced 1 million caratsat its Renard mine since the deposit opened in Canada in October, the companysaid Tuesday.“Today’s news represents another important milestone in ourproduction ramp-up at Renard,” said Matt Manson,...
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Mining
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May 17, 2017
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Rapaport News
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Birks Shows Canada Pride with Renard Line
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Canadian jewelry retailer Birks Group has partnered withrough producer Stornoway Diamond Corporation to sell stones from the new Renardmine in Quebec.Birks launched a showcase of the first 200 diamonds from themine at its Montreal flagship...
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Retail
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May 14, 2017
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Rapaport News
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Dominion, Stornoway in Merger Talks: Report
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Dominion Diamond Corporation and Stornoway DiamondCorporation have held discussions over a merger, Reuters reported this week, asDominion continued to denigrate a separate takeover offer from the Washington Companies.The merger talks cover the possibility...
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Mining
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Mar 22, 2017
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Rapaport News
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Indian Liquidity Stress Impacts First Renard Sale
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The first sale of roughdiamonds from the Renard mine in Canada garnered $7.6 million, even as smallerstones were withdrawn because of a lack of liquidityin India, owner Stornoway Diamond Corporation reported.The company sold 38,913 carats for...
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Mining
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Nov 24, 2016
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Rapaport News
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Stornoway Swings to Quarterly Profit
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Stornoway Diamond Corporation reported a profit of $4.4million (CAD 5.8 million) in the second quarter ending June 30, compared with aloss of $7.5 million in the equivalent period last year.Stornoway’s Renard Diamond Project in Quebec is on schedule...
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Mining
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Aug 11, 2016
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Rapaport News
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Stornoway Launches Ore Processing at Renard Mine
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Stornoway Diamond Corporation started processing ore at its flagship Renard mine, signaling the first diamond production in Canada’s Quebec province. The company said commercial production will be achieved once processing has been maintained...
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Mining
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Jul 17, 2016
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Rapaport News
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Mining
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Sep 17, 2015
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Rapaport News
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Stornoway's Completion Rate at Rénard Reaches 17%
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Stornoway Diamond Corporation reported a profit of $7.7 million for the third quarter that ended on January 31. Construction on its Renard diamond project in Quebec was 17.4 percent completed, which was better than the...
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Mining
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Mar 12, 2015
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Ronen Shnidman
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Mining
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Sep 03, 2013
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Jeff Miller
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Stornoway Expects Limited Interruption on New Mine Road
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The Alliance of Unionized Construction Workers of Quebec announced a strike action in Canada, which covers all unionized construction workers in Quebec, and has resulted in a limited interruption of Stornoway Diamond's construction of the Renard mine road. Stornoway...
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Mining
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Jun 19, 2013
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Jeff Miller
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Public Comment Period Opens for Renard Diamond Project
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The Canadian Environmental Assessment Agency is conducting a comprehensive environmental assessment on Stornoway Diamond Corporation's Renard diamond project in Quebec and opened the public commenting period. Stornoway is proposing to develop the diamond mine on its Foxtrot...
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Mining
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May 10, 2013
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Jeff Miller
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Stornoway Reports Winter Ice Road Fatality
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Stornoway Diamond Corporation reported a fatality on its winter ice road that links Route 167 to its Renard diamond project in Quebec. The company stated that a truck driver, who was working for a transport company, was killed on March 11 in an isolated incident, while delivering mining supplies with...
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Mining
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Mar 12, 2013
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Jeff Miller
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Mining
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Jul 06, 2012
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Jeff Miller
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Stornoway Arranges a $20M Debt Facility for Renard
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Stornoway Diamond Corporation entered into a $20 million unsecured debt facility with lenders, the Fonds de solidarité FTQ, the Fonds régional de solidarité FTQ Nord-du-Québec, S.E.C. and Investissement Québec, through its indirect wholly-owned...
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Financial-Legal
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May 04, 2012
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Jeff Miller
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Mining
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Mar 27, 2012
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Jeff Miller
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'Jewelry Artists of Quebec' Come to New York in May
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The Aaron Faber Gallery in Manhattan will host the “Innovation and Craftsmanship in Metal: Jewelry Artists of Québec” exhibition from May 3 to May 26, featuring 14 of Québec’s jewelry artists along with their work.The exhibition was...
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Gemstones
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Mar 26, 2012
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Jeff Miller
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Stornoway Completes Acquisition of Renard
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Stornoway Diamond Corporation closed its previously announced agreement to acquire the remaining 50 percent stake in the Renard diamond project from DIAQUEM. Stornoway issued DIAQUEM common voting shares equal to 25 percent of Stornoway's issued and...
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Financial-Legal
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Apr 01, 2011
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Jeff Miller
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