Mountain Province Diamonds Inc

Published : December 16th, 2014

Gahcho Kué Joint Venture and NWT Métis Nation Sign Impact Benefit Agreement

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Botswana | Canada | Diamond | Namibia | South Africa |

Gahcho Kué Joint Venture and NWT Métis Nation Sign Impact Benefit Agreement

G A H C H O K U É J O I N T V E N T U R E A N D N W T M É T I S N A T I O N S I G N I M P A C T B E N E F I T A G R E E M E N T

YELLOWKNIFE / TORONTO / NEW YORK, Dec. 15, 2014 - De Beers Canada Inc. (De Beers) and Mountain Province Diamonds (TSX: MPV; NYSE MKT: MDM) are pleased to announce that an Impact Benefit Agreement (IBA) has been entered into with the NWT Métis Nation (NWTMN) for the proposed Gahcho Kué Diamond mine, a joint venture between De Beers (51%) and Mountain Province Diamonds (49%) located 280 km's northeast of Yellowknife, Northwest Territories. De Beers is the Operator of the Gahcho Kué Project.

The IBA puts in place a framework for De Beers and the NWT Métis Nation to work together over the life of the mine to develop economic, environmental and cultural programs with NWTMN members.
"De Beers is committed to sustainable development and through this Agreement the NWT Métis Nation members can access new employment, training and business opportunities while ensuring strong environmental and cultural programs," said Glen Koropchuk, Chief Operating Officer for De Beers in Canada. "We want to thank the negotiating teams on both sides for their hard work in concluding the IBA."
"De Beers Canada has earned the respect of the Northwest Territory Métis Nation and enhanced its social license entering into this Impact Benefit Agreement, which will provide socio-economic benefits; including employment, training and business opportunities for our Indigenous Métis members on an equitable basis as other Aboriginal parties with IBAs." said Garry Bailey, President of the Northwest Territory Métis Nation.
Gahcho Kué will employ close to 700 people during the two years of construction and approximately 400 people during its operational phase.

ABOUT THE DE BEERS GROUP OF COMPANIES

De Beers is a member of the Anglo American plc group. Established in 1888, De Beers is the world's leading Diamond company with unrivalled expertise in the exploration, mining and marketing of diamonds. Together with its joint venture partners, De Beers employs more than

20,000 people (directly and as contractors) across the Diamond pipeline, and is the world's largest Diamond producer by value, with mining operations in Botswana, Canada, Namibia and South Africa. As part of the Company's operating philosophy, the people of De Beers are committed to Living up to Diamonds by making a lasting contribution to the communities in
which they live and work, and transforming natural resources into shared national wealth. For
further information about De Beers visit www.debeersgroup.com

ABOUT MOUNTAIN PROVINCE DIAMONDS

Mountain Province Diamonds discovered the first kimberlite at Kennady Lake in 1995 and in
1997 entered into a joint venture with Monopros, a subsidiary of De Beers. Mountain Province is a 49% participant with De Beers Canada in the Gahcho Kué JV located in Canada's Northwest Territories. Gahcho Kué is the world's largest and richest new Diamond mine development. A

March 2014 feasibility study filed by Mountain Province (available on SEDAR) indicates that the Gahcho Kué Project has an IRR of 32.6%. Further information is available at www.mountainprovince.com.

FORWARD-LOOKING STATEMENTS

This news release may contain forward-looking statements, within the meaning of the "safe- harbor" provision of the Private Securities Litigation Reform Act of 1995, regarding Mountain Province's business. Actual results could differ materially from those described in this news release as a result of numerous factors, some of which are outside the control of the Company.

Read the rest of the article at www.noodls.com
Data and Statistics for these countries : Botswana | Canada | Namibia | South Africa | All
Gold and Silver Prices for these countries : Botswana | Canada | Namibia | South Africa | All

Mountain Province Diamonds Inc

DEVELOPMENT STAGE
CODE : MDM
ISIN : CA62426E4022
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Mountain Province Diamonds is a diamonds exploration company based in Canada.

Mountain Province Diamonds develops diamonds and gold in Canada, and holds various exploration projects in Canada.

Its main asset in development is BAFFIN ISLAND in Canada and its main exploration properties are BORDEN, GAHCHO KUÉ, TELEGRAPH, KETZA RIVER (EVE / WHITE / WHYTE) and SPRINGTIME in Canada.

Mountain Province Diamonds is listed in Canada and in United States of America. Its market capitalisation is US$ 230.7 millions as of today (€ 219.1 millions).

Its stock quote reached its lowest recent point on February 27, 2009 at US$ 0.54, and its highest recent level on September 18, 2009 at US$ 9.84.

Mountain Province Diamonds has 45 240 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Mountain Province Diamonds Inc
3/12/2014Announces Increase to Previously Announced Bought Deal Finan...
3/12/2014Announces C$15.3M Bought Deal Financing
11/18/2013reases Non-Brokered Private Placement to C$29.1M
11/11/2013Announces Non-Brokered Private Placement
Project news of Mountain Province Diamonds Inc
10/6/20152:15 pm Mountain Province Diamonds confirmed that the develo...
8/12/2014Gahcho Kué joint venture welcomes issuance of land use permi...
6/14/2011(Gahcho Kué)De Beers Canada and Mountain Province Diamonds Provide Gahch...
Corporate news of Mountain Province Diamonds Inc
6/22/2016Mountain Province Diamonds Announces Results of Annual Gener...
6/20/2016Mountain Province Updates Gahcho Kué Diamond Mine Developmen...
5/9/2016Mountain Province Updates Gahcho Kué Diamond Mine Developmen...
10/15/2015Mountain Province Appoints Vice President Diamond Marketing
10/6/2015Mountain Province Updates Gahcho Kué Diamond Mine Developmen...
7/16/2015Rio Tinto Reports Sound Q2 Volumes Despite Price Worries - A...
7/7/2015Mountain Province's Gahcho Kué Diamond Mine 62 percent Compl...
7/7/2015Mountain Province’s Gahcho Kué Diamond Mine 62 percent Compl...
4/20/2015General Moly (GMO) Looks Good: Stock Surges 25.9% - Tale of ...
4/16/2015Will Mountain Province Diamonds (MDM) Continue to Surge High...
4/16/2015FMSA Holdings (FMSA) Jumps: Stock Adds 5.8% in Session - Tal...
4/7/2015Mountain Province Diamonds Closes Term Loan Facility to Fund...
3/31/2015Mountain Province Diamonds C$95M Rights Offering Completed a...
3/20/2015Mountain Province Diamonds (MDM) is Oversold: Can It Recover...
3/17/2015Mountain Province Diamonds Provides Gahcho Kué Project Updat...
3/4/2015Mountain Province Diamonds Announces Diamond Recovery Result...
2/18/2015Mountain Province Diamonds Announces C$95M Rights Offering
2/3/2015Mountain Province Diamonds Announces Credit Approval for US$...
1/8/2015Mountain Province Diamonds Updates Term Loan Facility
1/8/2015Mountain Province Diamonds Updates Term Loan Facility
12/24/2014Gahcho Kué Joint Venture and Deninu Kué First Nation Sign Im...
12/20/2014Mountain Province Diamonds to Begin Trading on NASDAQ Stock ...
12/19/2014Mountain Province Diamonds to Begin Trading on NASDAQ Stock ...
12/16/2014Gahcho Kué Joint Venture and NWT Métis Nation Sign Impact Be...
10/16/2014Mountain Province Diamonds Closes C$100M Bought Deal and Non...
10/16/2014Mountain Province Diamonds Closes C$100M Bought Deal and Non...
8/12/2014Gahcho Kué Joint Venture Welcomes Issuance of Land Use Permi...
7/28/2014Mountain Province Diamonds Appoints Banks to Arrange and Und...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
AMEX (MDM)TORONTO (MPV.TO)
5.10+3.55%6.66-1.19%
AMEX
US$ 5.10
12/29 15:59 0.180
3.55%
Prev close Open
4.93 4.90
Low High
4.90 5.13
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  5.10 -%
Volume 1 month var.
61,538 -%
24hGold TrendPower© : -4
Produces
Develops Diamonds - Gold
Explores for Diamonds
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/27/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.16+0.56%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.35-4.86%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 3.37+2.43%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59+0.51%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.67-0.37%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 7.26+1.75%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.28-5.08%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.36+26.79%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.03+1.00%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 65.05+0.92%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :