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Lenders to Acquire Stornoway
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...
Mining Sep 10, 2019 Rapaport News
Renard Mine
Stornoway Sees Rise in Renard Prices
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,...
Mining Aug 15, 2017 Rapaport News
Alex Popov
WDM Names Seven New Retail Members
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...
Retail Jul 11, 2017 Rapaport News
Stornoway Renard rough 140
Renard Tallies 1M Carats Since Launch
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,...
Mining May 17, 2017 Rapaport News
Renard Stornoway Birks polished
Birks Shows Canada Pride with Renard Line
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...
Retail May 14, 2017 Rapaport News
Dominion, Stornoway in Merger Talks: Report
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...
Mining Mar 22, 2017 Rapaport News
Matt Manson
Indian Liquidity Stress Impacts First Renard Sale
The first sale of roughdiamonds from the Renard mine in Canada garnered $7.6 million, even as smallerstones were withdrawn because of a lack of liquidityin India, owner Stornoway Diamond Corporation reported.The company sold 38,913 carats for...
Mining Nov 24, 2016 Rapaport News
Stornoway Renard
Stornoway Swings to Quarterly Profit
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...
Mining Aug 11, 2016 Rapaport News
Stornoway Launches Ore Processing at Renard Mine
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...
Mining Jul 17, 2016 Rapaport News
stornoway logo
Stornoway Reduces Quarterly Loss as Flagship Renard Project Stays on Track
Stornoway Diamond Corporation, an exploration and development company listed on the Toronto Stock Exchange, pared its quarterly loss from a year ago as construction at its Renard Diamond Project continued in line with planned schedule and...
Mining Sep 17, 2015 Rapaport News
Stornoway's Completion Rate at Rénard Reaches 17%
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...
Mining Mar 12, 2015 Ronen Shnidman
stornoway logo
First Vehicle Marks All-Season Passage on Stornoway's Renard Road
Stornoway Diamond Corporation opened the Renard diamond mine road to construction traffic two months ahead of schedule, marking the first all-season transit option for vehicles from Temiscamie, at the end of the existing public...
Mining Sep 03, 2013 Jeff Miller
stornoway logo
Stornoway Expects Limited Interruption on New Mine Road
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...
Mining Jun 19, 2013 Jeff Miller
stornoway logo
Public Comment Period Opens for Renard Diamond Project
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...
Mining May 10, 2013 Jeff Miller
Stornoway Reports Winter Ice Road Fatality
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...
Mining Mar 12, 2013 Jeff Miller
stornoway logo
Stornoway Signs Partnership Accord With Chibougamau and Chapais
Stornoway Diamond Corporation signed a partnership declaration with the communities of Chibougamau and Chapais, located in the vicinity of its Renard diamond project in the James Bay Region of Quebec. This cooperation agreement is based upon the...
Mining Jul 06, 2012 Jeff Miller
stornoway logo
Stornoway Arranges a $20M Debt Facility for Renard
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...
Financial-Legal May 04, 2012 Jeff Miller
stornoway logo
Stornoway, Cree Parties Sign 'Mecheshoo Agreement' for Renard
Stornoway Diamond entered into an ''Impacts and Benefits Agreement'' for its Renard diamond project with the Cree Nation of Mistissini and the Grand Council of the Crees. This new agreement, designated the "Mecheshoo...
Mining Mar 27, 2012 Jeff Miller
jewelry artists quebec
'Jewelry Artists of Quebec' Come to New York in May
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...
Gemstones Mar 26, 2012 Jeff Miller
Stornoway Diamonds
Stornoway Completes Acquisition of Renard
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...
Financial-Legal Apr 01, 2011 Jeff Miller
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