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By Shane Lasley
Mining News 

Securing funding for Gahcho Kué supplies

Mountain Province negotiates a loan for ice road deliveries North of 60 Mining News – January 7, 2022


Last updated 2/3/2022 at 2:42pm

De Beers Canada Gahcho Kue Mine NWT Canada Northwest Territories

De Beers Canada Inc.

A haul truck bed being delivered to the Gahcho Kué diamond Mine over an ice road during the early months of 2021.

Mountain Province Diamonds Inc. Dec. 31 provided details of a proposed US$50 million financing arrangement with Dermot Desmond, the Canadian diamond mining company's largest shareholder.

Mountain Province owns a 49% interest in the Gahcho Kué diamond mine in Canada's Northwest Territories, and De Beers Canada Inc. owns the other 51%.

Operating a mine like Gahcho Kué in Canada's North requires...

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