Stornoway Diamond Corporation(TSX:SWY) announced the signing of a Declaration of Partnership with the local communities of Chibougamau and Chapais. These communities live in the area surrounding the Company’s Renard Diamond project, James Bay.
As quoted in the press release:
The Declaration is a statement of cooperation between the partners for the responsible development of Stornoway’s 100% owned Renard Diamond Project based on the principles of environmental protection, social responsibility and economic efficiency.
Stornoway, President and CEO, Matt Manson, said:
The Declaration of Partnership with Chibougamau and Chapais is a further example of the framework of trust, transparency and cooperation with which we seek to develop Québec’s first diamond mine. It follows the execution of the Mecheshoo Agreement with the Crees of the James Bay Region in March, which was established on similar principles. For Stornoway, the Declaration is an expression of the importance we place on Chibougamau and Chapais as commercial centers, and future civic partners, for the successful development of Renard.