NORTHWEST TERRITORIES – De Beers Canada (51%) and Mountain Province Diamonds (49%) have received approval for their Gahcho Kué diamond mine from the Minister of Aboriginal Affairs and Northern Development Canada. Approval was recommended last month by the Mackenzie Valley Environmental Impact Review Board.
The Review Board will now begin processing the applications for the land use permit and the water licence for the mine.
Construction at the mine site 280 km northeast of Yellowknife is expected to take two years and create 700 jobs. Once in operation, the mine will employ a permanent staff of close to 400 people. Gahcho Kué will produce about 4.5 million ct of diamonds annually for a mine life of 11 years.
Meanwhile De Beers and Mountain Province are updating the 2010 feasibility study and looking at the timing of the development schedule.
More information is posted at MountainProvince.com.