Gahcho Kué Approved by Canadian Federal Government

De Beers Canada and Mountain Province Diamonds Inc. (TSX:MPV,NYSEMKT:MDM) announced that Canada’s minister of aboriginal affairs and northern development has approved the development of the Gahcho Kué diamond mine.

As quoted in the press release:

Federal government approval allows the Mackenzie Valley Land and Water Board to commence processing of the applications for the Land Use Permit and Water License required to construct and operate the Gahcho Kué mine.

Tony Guthrie, CEO of De Beers Canada, commented:

The Minister’s approval confirms that the plans for the development and operation of the Gahcho Kué diamond mine meet the highest standards. The new diamond mine will benefit the economy and residents of the Northwest Territories and enhance Canada’s position as a premier diamond producer.

Click here to read the full De Beers Canada and Mountain Province Diamonds Inc. (TSX:MPV,NYSEMKT:MDM) press release.