North of 60 Mining News - The mining newspaper for Alaska and Canada's North

North of 60 Mining News - Mining Business directory

Mountain Province buys Kennady Diamonds

 

Last updated 4/27/2018 at 4:14am

Northwest Territories diamond newest large diamond mine

Mountain Province Diamonds Inc.

An aerial view of De Beers and Mountain Province's Gahcho Kué diamond mine before the start of commercial production.

Mountain Province Diamonds Inc. April 13 completed its acquisition of Kennady Diamonds Inc. in an 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 out of Mountain Prov...



For access to this article please sign in or subscribe.






 

Reader Comments
(0)

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2018