The mining newspaper for Alaska and Canada's North

Junior borrows funds to build Gahcho Kué

Mountain Province Diamonds Inc. April 7 reported closing a US$370 million term loan facility, which finalizes the company's anticipated funding requirements for the construction and commissioning of the Gahcho Kué diamond mine in Northwest Territories.

Gahcho Kué, a joint venture between De Beers Canada (51 percent) and Mountain Province Diamonds (49 percent), is anticipated to produce 53.4 millio...


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