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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 27, 2008 2:23pm
479 Views
Post# 15668168

Some recent news articles from NNSL.COM

Some recent news articles from NNSL.COM
Here are some recent news articles from NNSL.COM.
Input and comments are alsways welcome.

Regards Diamondminder

Ekati diamond mine chugs along
By Guy Queneville

"While the other two Yellowknife-area diamond mines are cutting back on their operations and development to contend with the global economic crisis, BHP Billiton's Ekati diamond mine is in "healthy" condition due to cost cutting measures the mine began under..."
https://www.nnsl.com/frames/newspapers/2008-12/dec24_08bh.html

Fewer loads slated for winter road
By Guy Quenneville

"With construction at De Beers Canada's Snap Lake Mine completed, the Jericho Diamond Mine closed and a small diamond recovery project now on hold at Rio Tinto's Diavik Diamond Mine, the number..."
https://www.nnsl.com/frames/newspapers/2008-12/dec19_08fr.html

De Beers shutting down for 10 weeks in 2009
By Guy Quenneville

"Facing a global economic crisis and a weakened demand for diamonds, De Beers Canada will shut down the Snap Lake diamond mine for 10 weeks in 2009 in an effort to conserve cash, according..."
https://www.nnsl.com/frames/newspapers/2008-12/dec19_08db.html

Spending cut at Diavik

By Guy Quenneville
Northern News Services
"Underground mining at Diavik Diamond Mine will be delayed until the third quarter of 2009 due to a $5 billion reduction in worldwide capital spending announced by Rio Tinto, Diavik's parent company, on Wednesday.



However, no layoffs are currently..."
https://www.nnsl.com/frames/newspapers/2008-12/dec12_08dv.html

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