The Quebec government has allowed Canadian mining company Stornoway Diamond Corporation to open the first diamond mine in the Canadian province, local media reported.
The opening of the mine is planned in 2015 and will cost $802 million. Оperating permit is issued to Stornoway for 20 years.
Located about 850 km from Montreal Renard diamond project is designed to pave the way for production of expensive raw diamonds.
According to the feasibility study, probable mineral reserves of the field is about 18 million and additional intelligence capabilities – from 23.5 to 48.5 million carats.
Operating costs of the mine with exploitation term of 11 years is estimated at $ 54.71 per ton.
Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished
