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RAPAPORT... Mountain Province Diamonds Inc. completed 62 percent of the Gahcho Kué diamond mine project as of the end of May, a time frame that was on schedule and within budget, according to the company. The project's current focus is centered upon dewatering, to expose the kimberlites, and placing concrete foundations and erecting steel superstructures for the major facilities. Mountain Province is also working toward ensuring that the processing plant building is enclosed by October, before harsh weather sets in for the winter months.
Patrick Evans, Mountain Province's president and CEO, said, “We’re on track for first production in the second half of 2016 and are currently making arrangements to be in a position to receive and sell our 49 percent share of diamond production. These arrangements are expected to be in place by the end of 2015.” There are currently approximately 500 employees and contractors on site at Gahcho Kué and the figure is expected to peak at approximately 650 during the third quarter of 2015. During production, there will be approximately 400 employees at Gahcho Kué.
Mountain Province Diamonds is a 49 percent participant with De Beers Canada in the Gahcho Kué diamond mine, located in Canada's Northwest Territories.
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