Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s): MPVDF

Metals & Mining Industrial Metals & Minerals

Mountain Province Diamonds Inc. is a Canada-based diamond company. The Company’s primary asset is its 49% interest in the Gahcho Kue Mine, a Joint Venture with De Beers Canada. The Gahcho Kue Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company’s Kennady North Project includes approximately 113,000 hectares of claims and leases surrounding the Gahcho Kue Mine that include an indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites. Kelvin is estimated to contain 13.62 million carats (Mct) at 8.50 million tons (Mt) at a grade of 1.60 carats/ton and a value of US$63/carat. Faraday 2 is estimated to contain 5.45Mct in 2.07Mt at a grade of 2.63 carats/ton and a value of US$140/ct. Faraday 1-3 is estimated to contain 1.90Mct to 1.87Mt at a grade of 1.04 carats/ton and a value of US$75/carat.

TSX:MPVD - Post by User

Mountain Province Diamonds Inc

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Post by diamondminderon Feb 27, 2009 12:57pm

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Post# 15808857

Inquiring Minds Need to Know!!

If you wonder why I am always posting this stuff, its because Inquiring minds need to know!

Here are two stories from Northern News Services Limited:Truckers get the cold shoulder & 128 Snap Lake workers gone

Here is a quote from NNSL about layoffs in the diamond industry.

"De Beers Canada eliminated 128 employees from its Snap Lake Diamond Mine Tuesday, with management spending the day pulling those on the job aside and calling those on an off-rotation at home with the bad news. "

Here is a link to the news story.
https://www.nnsl.com/frames/newspapers/2009-02/feb25_09sn.html

Here is a quote about this winter's iceroad.
"One closed mine and a general slowdown in production have trucking companies feeling the drop in shipments this year along the Tibbitt to Contwoyto winter road..."

Here is a link to the news story
https://www.nnsl.com/frames/newspapers/2009-02/feb13_09t.html

As always,
Input and feedback are always welcome!!