Price of Diamonds

Where the world comes to find
out about diamonds

Price of Diamonds Home
Price of Diamonds
Diamond Listings
Diamond Buying Checklist
Diamond Glossary
Other Gemstones

Diamond Prices Lists and Charts
GIA and IGI Diamond Prices
Diamond Price List
Diamond Charts
Weight Categories
Carat Weight & Size Charts
Calibration Charts
Proportions of Diamonds

Appraising Diamonds
American Gem Society
European Gemological Laboratory
Gemological Institute of America
Diamond Certification Laboratory of Australia
Diamond Appraisal
Diamond Appraisers
ATGA Codes
Laboratory List
Diamond Testing
Diamond Broker
Appraisal abbreviations

Diamond Basic Information
Diamond Facts
Diamond Ring Tension Setting
DeBeers Diamonds
Diamond Formation
The 4 C's of Diamonds
Buy Diamonds
Diamond Clarity
Diamond Color
Diamond Cut
Diamond Weight
Diamond Flaws
Harmonized System Codes

Additional Information
How to Buy Loose Diamonds
Diamond Selling
Diamonds in Canada
Diamonds - How to Clean
Da Vinci Diamond Cut
Diamond Fakes
Diamond Archives
How to Sell Your Diamond
Famous Diamonds
Diamond Formation
Diamond Properties
Diamond Cutting
Diamond Substitutes

Price of Diamonds Expert Author Alerts
Sign up to receive email alerts of new articles from Price of Diamonds on!

Email Address:

This site is monitored by

stumble upon

Banks to Underwrite $370 Million Loan facility for Mountain Province Diamonds

Mountain Province Diamonds Inc. (“Mountain Province”, the “Company”) (TSX: MPV, NY SE MKT : MDM) has announced a secured term loan facility of up to $370 Million to fund their share of the Gahcho Kué diamond mine, located in Canada’s Northwest Territories. Construction costs Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué JV located at Kennady Lake in Canada’s Northwest Territories.

Three international banks have been appointed, Deutsche Bank A.G., acting through its London Branch, NatixisS.A. and Nedbank Limited.

According to a Mountain Province Diamonds Press Release, the Gahcho Kué Project consists of a cluster of four diamondiferous kimberlites, three of which have a probable mineral reserve of 35.4 million tonnes grading 1.57 carats per tonne for a total diamond content of 55.5 million carats.

The loan facility is subject to the usual due diligence provisions but it is not expect that there will be any issue and the loan facility documentation should be completed before the end of 2014.

Mountain Province has stated that as ‘at the end of June 2014, the overall project was progressing according to plan and remains on schedule for first production during H2 2016.’ They are currently funding their share of the capital costs with equity and have also arranged sufficient equity to fund planned capital commitments through to the end of 2014.


Who Are We | Disclaimer | Feedback | Link to Our Site | Diamond Links | Terms

Copyright © 2006-2020 ALL RIGHTS RESERVED. Technical Author Services Pty Ltd. ACN. 126 773 126. ABN 62 122 488 508 A private limited company incorporated in Victoria, Australia.
Webmaster: Technical Author Services Pty Ltd