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Dominion Diamond Reports Approval of Jay Project Environmental Assessment
May. 20, 2016 08:53AM PST
Diamond InvestingDominion Diamond (TSX:DDC) has reported that the Minister of Lands of the Government of the Northwest Territories, the Honourable Robert G. McLeod, has accepted the recommendations of the Mackenzie Valley Environmental Impact Review Board that the Jay Project be approved. Brendan Bell, CEO, said: This is an important milestone for Dominion and for the Northern …
Dominion Diamond (TSX:DDC) has reported that the Minister of Lands of the Government of the Northwest Territories, the Honourable Robert G. McLeod, has accepted the recommendations of the Mackenzie Valley Environmental Impact Review Board that the Jay Project be approved.
Brendan Bell, CEO, said:
This is an important milestone for Dominion and for the Northern economy. Dominion thanks Minister McLeod and the GNWT for their work and looks forward to a timely completion of the permitting process.
As quoted in the press release:
Jay is the most significant undeveloped deposit at Ekati. Jay alone has the potential to extend the mine life approximately 10 to 11 years beyond the current projected closure of Ekati. The Company expects to publish a feasibility study on the Jay Project later this month.