News from our businesses and markets

De Beers Canada  and Mountain Province Diamonds (TSX: MPV, NYSE MKT: MDM) are pleased to announce that the Operator of the Gahcho Kué Project has received approval of the Type A Water Licence by the Minister of Environment and Natural Resources (ENR) of the Government of the Northwest Territories (GNWT), the Hon. Michael J. Miltenberger.

Tony Guthrie, CEO of De Beers Canada:

“This is another important milestone for Gahcho Kué and we want to thank the  Minister for his review and approval of the water licence in such an efficient  manner.

The Gahcho Kué Mine represents a significant investment which will result in  employment and business opportunities that will contribute to the economic  growth and prosperity of the Northwest Territories.”

Patrick Evans, CEO of Mountain Province Diamonds, added:

“On behalf of our board and the shareholders of Mountain Province I extend  our appreciation and thanks to the Operator of the Gahcho Kué Mine, De Beers  Canada, for successfully guiding the project through the regulatory process.

Our thanks also goes to all the parties involved in the permitting of Gahcho Kué  for their support for this important mine development which will contribute to  maintaining Canada’s position as a leading diamond producer.”          

 Gahcho Kué will employ close to 700 people during the two years of construction and approximately 400 people during its operational phase.