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Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s):  MPVDF

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

Post by showmediamondson Mar 18, 2011 6:45am
557 Views
Post# 18303577

Another Delay?

Another Delay?https://www.reviewboard.ca/upload/project_document/1300421433_Deficiency_Statement.PDF

Some items in the ToR have not been addressed. Responses to these items are

required before the review progresses to the analytical stage.

1. ToR 4.1.2 (Water Quality and Fish in Kennady Lake) requires a description of

all potential sources for water contamination. The ElS states that it contains

no assessment of phosphorus releases and potential effects on fish.

However, this information is necessary at this point in the review.

2. ToR 4.1.5 (Family and Community Cohesion) and ToR 4.1.7 (Long Term

Social, Cultural and Economic Effects) include many items intended to

evaluate potential social impacts on the well being of people in communities,

in light of the different vulnerabilities of each community. The same sections

require an examination of various economic considerations related to timing,

opportunity costs and other issues. Some other socio-economic items that

were not addressed relate to demand on community infrastructure (T0R

5.3.3).

Box 938, #200 Scotia Centre, 5102-50th Ave. Yellowknife, NT Xl A 2N7

T: (867) 766-7053 F: (867) 766-7074 TF: (1 866 912-3472) (NT/NU/’YT only)

Many of the points in ToR 4.1.5 and 4.1.7 were not addressed in the EIS. De

Beers identified challenges in collecting some of this information. Where De

Beers is unable to gather the requested information despite best efforts, it

should at least describe its best predictions, providing the underlying

premises and reasoning in detail.

3. ToR 5.2.6 (Waste Rock and Processed Kimberlite Storage) requires a

description of long-term management plans for processed kimberlite with

respect to permafrost, and a description of impact of climate change on

frozen waste rock and processed kimberlite.

4. ToR 5.3.1 (Employment, Training and Economic Development) required a

description of how De Beers will require its contractors to have

commitments similar to its own for maximizing regional and Aboriginal

employment.

5. ToR 5.3.4 (Culture, Heritage and Archaeology) required a comprehensive

analysis on potential impacts to cultural activities from the project.

The Panel has determined that other minor deficiencies can be dealt with in later

stages of the assessment. For the above deficiencies, please submit detailed

responses by May 2nd, 2011. When the Panel receives satisfactory responses, it will

deem the EIS to be in conformity. The Panel anticipates issuing a revised workplan

at that time. Please contact me if you have any questions.

Sincerely,

Alan Ehrlich

Panel Manager

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