De Beers Canada Inc. and Mountain Province Diamonds Inc. (NYSEMKT:MDM) announced that a pioneer land use permit for the Gahcho Kué diamond mine has been approved by the Mackenzie Valley Land and Water Board. With the permit, the companies are able to start land-based site works “in preparation for deliveries planned for the 2014 winter road season.”
Tony Guthrie, CEO of De Beers Canada, commented:
De Beers, as the Operator of the Gahcho Kué Project, extends its appreciation to the Mackenzie Land and Water Board for the efficient processing of the pioneer Land Use Permit application. Approval of the permit allows Gahcho Kué to position itself for the start of full construction pending the receipt of the full Land Use Permit and Water License expected in 2014. The construction and operational phases of Gahcho Kué will benefit the Canadian economy and local communities, creating new business and employment opportunities for residents of the Northwest Territories and continuing to build Canada’s position as a premier diamond producer.