RapNet


Rapaport News

 

Mining

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Gahcho Kue's Environmental Review Nears Completion

Mountain Province says that securing its 49% share of capital expenditures is progressing.
Aug 7, 2012 1:47 PM   By Deena Taylor
Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Mountain Province Diamonds and De Beers Canada reported that  their joint-venture diamond-exploration project, Gahcho Kue, is on schedule and that a 24-month environmental review is nearing completion.

Mountain Province's president, Patrick Evans, noted that all participants in the environmental review are focused on ensuring that the mine meets the highest possible social and environmental standards.

The companies also approved $31.4 million (CAD 31.3 million) in June, 2012 for construction and operating permit applications, front-end engineering and design (FEED), preparations and procurement for the 2013 winter road, detailed engineering, the purchase of critical long-lead equipment and a feasibility study update.

Evans added that an arrangement of its 49 percent share of the Gahcho Kue capital budget, estimated at approximately $300.9 million (CAD 300 million), including working capital, was progressing. The junior company has received multiple proposals for project financing, off-take financing and a variety of other instruments that will enable to meet its capital requirements, he said.
Tags: De Beers Canada, Deena Taylor, Gahcho Kue, mountain province
Similar Articles
StornowayStornoway to Lose Stock-Exchange Listing
Sep 22, 2019
The Toronto Stock Exchange is set to delist StornowayDiamond Corporation following...
Karowe Yields Two Massive Stones
Gem Diamonds Unearths 127ct. Rough
Sentiment Cautious as Hong Kong Show Starts
PetraPetra’s Loss Widens in Weak Market
Sep 16, 2019
Shares in Petra Diamonds slipped 7% in early trading Mondayafter the miner...
De Beers Finds Buyer for Namibia Mine
Nurturing the Next Generation of Diamantaires
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us