Stornoway Diamond Corporation (TSX:SWY) announced that it is in receipt of the global Certificate of Authorization for the Renard Diamond Project from the Québec Ministère du Développement Durable, de l’Environnement,de la Faune et des Parcs.
As quoted in the press release:
The Certificate of Authorization represents the principal regulatory approval required to commence mine construction, and has been issued by the Québec regulators following more than 2 years of formal environmental study, community engagement and public consultation under the terms of the James Bay and Northern Québec Agreement (the “JBNQA”).
Stornoway President and CEO Matt Manson said:
Today’s news represents the most significant milestone in the development of the Renard Diamond Project achieved to date. It comes just 11 months since the filing of the project’s Environmental and Social Impact Assessment, an accomplishment that reflects the high quality of the work undertaken by Stornoway’s project team and partners, and the broad support that the project enjoys within the nearby communities of Mistissini, Chibougamau and Chapais. The MDDEFP global Certificate of Authorization is the most important element of the permitting process for mining projects in Québec. As of today we are able to say that the principal regulatory hurdle for the Renard Diamond Project is behind us.
|Get our expert guide to diamond investing FREE! Download this FREE Special Report, Investing in Stornoway Diamonds or Other Canadian Diamond Mines – Beyond the Diamond Price Calculator.|