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.

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Mountain Province Diamonds Inc

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Comment by 12gaon Apr 07, 2018 3:18pm

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Post# 27847904

RE:Australia's biggest diamond mine is running out of diamonds

However.....

World’s Most Valuable Diamond Mine Extends to 2035

Mining and Exploration

15:43

Debswana, the joint venture between the Botswana government and Anglo American’s De Beers unit, intends to expand its Jwaneng Mine extending its lifespan by eleven years, to 2035, to extract an additional 50 million carats.

Botswana is the world’s biggest diamond producer and Debswana says the Jwaneng Mine is the world’s richest diamond mine by value. The project, known as Cut 9, follows a US$3 billion expansion of the mine in 2010 to uncover 100 million carats of diamond and extend the life of the mine to 2024. If approved by Botswana environmental authorities, the project will deepen the mine to 855 metres from 650 metres, the company said in a regulatory environmental impact assessment notice.

Debswana’s managing director Balisi Bonyongo told Reuters that feasibility studies for Cut 9 will be completed before the end of the year which will inform the amount of funds required for the project.

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