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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 whiteirishon Mar 05, 2016 12:26am
187 Views
Post# 24625281

Zimbabwe's Mugabe says government will take over diamond ops

Zimbabwe's Mugabe says government will take over diamond ops

HARARE (Reuters) - Zimbabwe's President Robert Mugabe said on Thursday that his government would take possession of all diamond operations because existing miners had robbed the country of its wealth.

Mugabe's comments came a week after the ministry of mines ordered all mining companies to halt work and leave the Marange fields, saying they had not renewed their licenses. At the time it denied it was seizing the mines.

"The state will now own all the diamonds in the country," Mugabe said during a two-hour interview with state broadcaster ZBC TV.

https://ca.news.yahoo.com/zimbabwes-mugabe-says-government-over-diamond-operations-001154538.html?nhp=1

The ANC Zimbabwe communists will target ANC South Africa diamonds next.   

ANC commies have great European taste.   Otherwise, what would they do with those diamonds ?  Wear them on the soles of their shoes  ?  

Probably.

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