Stornoway Diamond Corporation
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Stornoway’s creditors keep Renard on life support
Stornoway Diamond (TSX: SWY) and its creditors reached a deal that will see the Renard diamond mine continue to operate during corporate restructuring following the company’s failure to generate positive free cash flow in 2019. Stornoway entered into a letter of…
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DIAMONDS: Stornoway granted creditor protection
QUEBEC – Stornoway Diamond Corp. of Montreal has been granted protection under the Companies’ Creditors Arrangement Act from the Superior Court of Quebec while the company restructures its business and financial affairs. Protection is extended to subsidiaries Stornoway Diamonds (Canada),…
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DIAMONDS: Stornoway still seeking partner to ease finances
QUEBEC – Stornoway Diamond Corp. of Montreal released its Q2 2019 report and repeated its plea for a partner or buyer for the money-losing Renard mine 350 km north of Chibougamau. The company began the hunt for a buyer or…
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DIAMONDS: Bridge loan gives Stornoway some breathing room
QUEBEC – Stornoway Diamond Corp. and its material subsidiaries have arranged bridge financing to keep the Renard mine operating while the company undertakes a strategic review with the aim of restructuring its finances. The Renard diamond project is the company’s…
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SAFETY: Stornoway’s Renard team takes all at provincial rescue competition
QUEBEC – Stornoway Diamond Corp. mounted a mine rescue team from the Renard mine – and they won all the awards at the 57th Quebec Provincial Mines Rescue Competition. The contest took place on May 2-4, 2019, in La Sarre,…
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DIAMONDS: Stornoway to suspend open pit mining
QUEBEC – Stornoway Diamond Corp. of Montreal has decided to suspend mining at the Renard 65 open pit mining at its Renard diamond project 350 km north of Chibougamau. Instead, the Renard 65 stockpile will be processed until the second…
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DIAMONDS: Stornoway ends year with revenue down, losses up
MONTREAL – Stornoway Diamond finished the 2018 calendar year with less production and revenue and more losses. Total net loss for the year was $329.4 million or $0.39 per share, compared to a net loss in 2017 of $114.2 million…
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MINING PEOPLE: Hannan Metals, Stornoway, and Wallbridge
Vancouver-based Hannan Metals has promoted Lars Dahlenborg to the position of president of the company. Previously, he was VP exploration. The new VP operations at Stornoway Diamond Corp. in Montreal is Patrick Sevigny. He joined the company in January 2015…
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MINING PEOPLE: Adventus, Guyana Goldfields, Nemaska Lithium, and Stornoway
Adventus Zinc Corp. has named Gunther Sotomayor its VP projects. He has over 30 years of experience including leadership of technical and project development teams. He holds a BSc degree in mechanical engineering from the University of Witwatersrand, Johannesburg and…
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Stornoway’s ore sorting success
First diamond mine to use the technology shares its results
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MINING PEOPLE: Bridgestone Americas, NorZinc, SilverCrest, and Stornoway
Bridgestone Americas recently named Rob Seibert the new executive director of off-the-road sales at Bridgestone Americas Tires Operations. He was previously the company’s director of marketing, OTR, United States and Canada. He joined Bridgestone in 2015 after five years with…
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DIAMONDS: Stornoway seeks more resources at Renard mine
QUEBEC – Since the beginning of the year, Stornoway Diamond Corp. of Montreal has been drilling and sampling at the Renard diamond mine in the James Bay region, about 350 km north of Chibougamau. The aim is to upgrade resources…
