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Stornoway receives final approval for Quebec’s first diamond mine

17th July 2013

By: Creamer Media Reporter

  

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JOHANNESBURG (miningweekly.com) – Montreal-headquartered Stornoway Diamonds has received environmental approval from the Canadian Environmental Assessment Agency for its C$752-million Renard mine, paving the way for construction to get under way.

The TSX-listed company now has all the major approvals in hand for the project, which is set to be Quebec’s first diamond mine, CEO Matt Mason said on Tuesday.

Stornoway received its mining lease in October last year, and its Québec certificate of authorisation in December.

When Stornoway opens the mine road later this year, Renard will also be the first fully permitted diamond mining project in Canada with a permanent road, Mason added in a statement.

He also announced the promotion of Martin Boucher to the role of VP for sustainable development, in recognition of his leadership of Stornoway’s permitting operations.

The company expects to produce about 1.6-million carats a year from the mine, which is located 250 km north of the Cree community of Mistissini and 350 km north of Chibougamau in the James Bay region.

Renard’s probable mineral reserve stands at 17.9-million carats, with a further 17.5-million carats classified as inferred mineral resources, and 23.5-million to 48.5-million carats classified as nonresource exploration upside.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

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