Mountain Province Diamonds Inc. is major (49%) partner with
De Beers
De Beers Group is an international corporation that specializes in diamond mining, diamond exploitation, diamond retail, diamond trading and industrial diamond manufacturing sectors. The company is active in open-pit, large-scale alluvial and c ...
in the
Gahcho Kue Diamond Mine Project in the
Northwest Territories
The Northwest Territories (abbreviated ''NT'' or ''NWT''; french: Territoires du Nord-Ouest, formerly ''North-Western Territory'' and ''North-West Territories'' and namely shortened as ''Northwest Territory'') is a federal territory of Canada. ...
. Gahcho Kué is the world's largest and richest new diamond mine, with an estimated reserve of 80 million carats. The agreement between Mountain Province Diamonds and De Beers is one where both companies share the operating costs of the mine and each independently markets their share of the diamonds from the project.
In January 2017 Mountain Province announced it had completed its first sale of diamonds originating from mining operations at its
Gahcho Kue Diamond Mine Project in the
Northwest Territories
The Northwest Territories (abbreviated ''NT'' or ''NWT''; french: Territoires du Nord-Ouest, formerly ''North-Western Territory'' and ''North-West Territories'' and namely shortened as ''Northwest Territory'') is a federal territory of Canada. ...
. Approximately 49,420 carats were sold for proceeds of US$6.27 million, representing an average sale price of approximately US$127 per carat.
[
]
External links
Official site
References and footnotes
{{Reflist
Companies listed on the Toronto Stock Exchange
Diamond mining companies of Canada