About De Beers Group
De Beers Group is a member of the Anglo American plc group. Established in 1888, De Beers is the world's leading diamond company with unrivalled expertise in the exploration, mining and marketing of diamonds. Together with its joint venture partners, De Beers employs approximately 16,000 people across the diamond pipeline, and is the world's largest diamond producer by value, with mining operations in
, De Beers operates the Snap Lake Mine in the
and the Victor Mine in northern
. De Beers is also a joint venture partner in the Gahcho Kué Project in the
. For further information about De Beers visit
About Mountain Province Diamonds
Mountain Province Diamonds discovered the first kimberlite at Kennady Lake in 1995 and in 1997 entered into a joint venture agreement with Monopros, a subsidiary of De Beers.
is a 49% participant with De Beers Canada in the Gahcho Kué JV located in
. Gahcho Kué is the world's largest and richest new diamond mine development. A
feasibility study filed by
(available on SEDAR) indicates that the Gahcho Kué project has an IRR of 33.9%. Further information is available at
This news release may contain forward-looking statements, within the meaning of the "safe-harbor" provision of the Private Securities Litigation Reform Act of 1995, regarding
business. Actual results could differ materially from those described in this news release as a result of numerous factors, some of which are outside the control of the Company
SOURCE Mountain Province Diamonds Inc.