The Québec Ministère des Ressources Naturelles has issued Stornoway Diamond (TSX:SWY) a 20-year Mining Lease for the Renard Diamond Project.
As quoted in the press release:
The Renard Diamond Project falls under the social and environmental protection regimes of the Canadian Environmental Assessment Act and the James Bay and Northern Québec Agreement. The principal regulatory approval required before construction can commence is the global “Certificate of Authorization” issued by the Québec Ministère du Développement Durable, de l’Environnement, de la Faune et des Parcs. Following successful Québec and federal government public hearings in June and August of this year, Stornoway anticipates receipt of the project’s Certificate of Authorization shortly.
Stornoway President and CEO Matt Manson said:
The Mining Lease is an important milestone in the mine permitting process in Québec. Its issuance ahead of the project’s Certificate of Authorization reflects the broad consensus of support that the project has achieved during the last two years of environmental study and community engagement. We remain on track to achieve regulatory approval for Renard this year.