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
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...