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.
Taking as an example what’s happening at the Malartic mine in Quebec, the watchdog presented “conservative estimates” on possible actions against the gold and copper project in B.C.
Under the new rules, banks will need a higher ratio of longer term, more pricey funding against the precious metal on their balance sheets, they argue.