Gahcho Kue Wins Review Board Approval
July 23, 13
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Glen Koropchuk, De Beers Canada Chief Operating Officer, said the report "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, Mountain Province Diamonds President and CEO, added: "The Gahcho Kue joint venture has successfully demonstrated to the Review Board that the Gahcho Kue diamond mine can be successfully constructed and operated. Completion of the environmental review is a significant milestone".
The Gahcho Kue Project is a joint venture between De Beers, with 51 percent and Mountain Province Diamonds with 49 percent.
Located at Kennady Lake, 280 km northeast of Yellowknife, the Gahcho Kue Project will recover an average of 4.5 million carats of diamonds annually over an 11-year life of mine.