CEO Matt Mason will be replaced by chief operating officer Patrick Godin, who joined Stornoway in 2010 and was appointed to the board of directors in 2011.
Stornoway Diamond Mining News
This marks the completion of the production ramp-up of the underground mine.
Global rough diamond production will reach its peak in only three years before entering into a supply deficit by 2020, two separate reports show.
The world’s top diamond producer by value said results were in line with expected seasonal demand patterns.
Good news for mining in Quebec, the majority French-speaking Canadian province, has come from Stornoway Diamond Corporation (TSX:SWY), which officially opened its Renard diamond mine last week.
Still, the world’s biggest diamond producer by value said the auction was better than it had expected.
The agreement with three parties lays out a series of proposed financing transactions for the mine, the world’s biggest undeveloped source of diamonds.
Shares in the company were soaring Thursday.
First vehicle arrives at Renard diamond project via new permanent road.
Canadian Stornoway’s Renard diamond project might not be ready by 2015 due to delays in the construction of the Route 167 extension from Chibougamau to the Otish Mountains.
Stornoway Diamond Corp will spend $28.4 million to advance its Renard diamond project in northern Quebec, the Vancouver-based company (TSX:SWY) announced yesterday.
The proceeds from the Private Placement will be used to fund pre-development expenditures at the Renard Diamond Project for the 2012 calendar year and for general corporate purposes.
Stornoway Diamond Corp. (TSX:SWY) will make it a priority during 2012 to obtain all the permitting and financing needed to get its northern Quebec Renard Project in construction by mid-2013, according to company officials.
Stornoway Diamond Corporation (TSX:SWY.TO - News) is pleased to announce the completion and filing of an Environmental and Social Impact Assessment (ESIA) for the Renard Diamond Project located in North Central Quebec. VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 28, 2011) - Stornoway Diamond Corporation (TSX:SWY) is pleased to announce the completion and filing of an Environmental and Social Impact Assessment (ESIA) for the Renard Diamond Project located in...
Stornoway Diamond Corporation CA:SWY -10.00% is pleased to announce the results of the Feasibility Study ("FS") for the Renard Diamond Project located in North Central Quebec.
Quebec's first diamond mine took another step forward today, with the launch of the federal environment assessment process, The Montreal Gazette reports: The Canadian Environmental Assessment Agency is accepting public comment on the project, along with suggestions of environmental issues that should be considered in the comprehensive study of the project. Image of the Renard project, by Stornoway Diamond Corp.
Stornoway Diamond Corporation (TSX:SWY) is pleased to announce the results of a recent diamond valuation exercise undertaken in support of the ongoing feasibility study at the Renard Diamond Project, Stornoway's 100% owned flagship project located in north central Québec. The diamond valuation was performed under the supervision of WWW International Diamond Consultants Ltd. ("WWW") in Antwerp, Belgium between May 9th-13th, 2011.
Stornoway Diamond Corporation (TSX:SWY) is pleased to announce the2011 exploration budget for the Company's portfolio of diamond exploration projects. Stornoway's flagship property is the 100% owned Renard Diamond Project in north-central Quebec, where a Feasibility Study and an associated Environmental and Social Impact Assessment are on track for completion in the third quarter of this year. Over the upcoming 12 month period Stornoway will also conduct a complementary program of discovery oriented exploration at several additional projects elsewhere within Canadawhere the potential exists for the discovery of new kimberlite camps close to infrastructure. Stornoway has allocated a budget of $5.6m to the 2011 exploration program, to be funded from existing cash resources.