The mining newspaper for Alaska and Canada's North

Mountain Province, Kennady Diamonds reunite

North of 60 Mining News – February 2, 2018

Mountain Province Diamonds Inc. Jan. 29 announced a definitive agreement to acquire Kennady Diamonds Inc. under a friendly all-share deal worth roughly C$176 million.

Kennady Diamonds owns Kennady North, a rapidly advancing diamond project about seven kilometers (4.5 miles) northeast of Gahcho Kué – a mine owned by Mountain Province (49 percent) and De Beers Canada (51 percent).

Since being spun o...

 

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