Gahcho Kue Receives Type A Water License

De Beers Canada and Mountain Province Diamonds Inc. (NYSEMKT:MDM) announced the receipt of a Type A Water License for the Gahcho Kue project. It was granted by the the Northwest Territories’ minister of environment and natural resources.

Tony Guthrie, CEO of De Beers Canada, commented:

This is another important milestone for Gahcho Kué and we want to thank the Minister for his review and approval of the water license 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, said:

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.

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