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Environmental Review Board Approves Gahcho Kue

Project expected to recover 4.5 million carats annually.
Jul 22, 2013 11:32 AM   By Jeff Miller
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RAPAPORT... The Mackenzie Valley Environmental Impact Review Board (MVEIRB) in Canada recommended approving the Gahcho Kué diamond mine, which is a joint venture between De Beers Canada and Mountain Province Diamonds.  In a July 19 letter to the Minister of Aboriginal Affairs and Northern Development Canada,  Bernard Valcourt, the MVEIRB stated that Gahcho Kué should be allowed to proceed subject to implementation of the measures and follow-up programs described in the mine's environmental impact report.

Glen Koropchuk, De Beers Canada's chief operating officer, said, "We are pleased to receive the report of environmental impact review and reasons for decision by the Mackenzie Valley Environmental Impact Review board on the proposed Gahcho Kué diamond mine. This represents an important step forward for the proposed new diamond mine. We are reviewing the report to better understand the implications of the measures and follow-up programs, recommended by MVEIRB. We look forward to proceeding to the next stages in the regulatory approval process."

Patrick Evans, the president of Mountain Province Diamonds, said, "The Gahcho Kué joint venture has successfully demonstrated to the review board that the Gahcho Kué diamond mine can be successfully constructed and operated. Completion of the environmental review is a significant milestone."

Operators expect that the Gahcho Kué project will recover an average of 4.5 million carats of diamonds annually over an 11-year life of the mine. The proposed Gahcho Kué diamond mine will employ up to 700 people during construction and between 360 and 380 during operations.

Tags: Canada, De Beers, Gahcho Kue, Jeff Miller, mountain province, review board
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