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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 diamondminderon Dec 12, 2008 8:35am
377 Views
Post# 15642259

A News Article punting Alternative Power Sources f

A News Article punting Alternative Power Sources f

Please find attached a link to an article from a Fort Smith newspaper proposing hydroelectricity as an alternative for diesel at the various diamond mines.

Actually, there is nothing new about the idea. Pundits have been talking about laying hydro lines from Pine Point to the Diamond Fields of Hope for years. News articles have previously reported the biggest obstacle to the project has been the L'utsul Ke First Nations Band who've expressed concern about opposed such power lines crossing their territory.

Find a snippet from the article below.


I would appreciate input and comments.

:-)

https://www.srj.ca/default.asp?sourceid=&smenu=88&twindow=Default&mad=No&sdetail=3274&wpage=1&skeyword=&sidate=&ccat=&ccatm=&restate=&restatus=&reoption=&retype=&repmin=&repmax=&rebed=&rebath=&subname=&pform=&sc=1957&hn=srj&he=.ca


"The Northwest Territories Energy Corporation (03) Ltd. (NTEC), a subsidiary of the NT Hydro Corp (owner of the NT Power Corp) is one of three partners in the Dezé Energy Corp... a source they say outshines already established diesel plants at the mines, will make them more economic, encouraging future expansion...DeBeers Snap Lake mine that just opened and Gahcho Kue mine are projected to have a 20 – 25 year life...Oil is at $43 a barrel now and was at $143 this summer...With that kind of volatility and with energy one of your most exp..."




https://www.srj.ca/default.asp?sourceid=&smenu=88&twindow=Default&mad=No&sdetail=3274&wpage=1&skeyword=&sidate=&ccat=&ccatm=&restate=&restatus=&reoption=&retype=&repmin=&repmax=&rebed=&rebath=&subname=&pform=&sc=1957&hn=srj&he=.ca

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