Canadian diamond miner, Stornoway Diamond Corporation, has released new information about their Renard Project in Quebec. Larger than originally thought, the operation is targeted to start producing by late 2013. The government of Quebec, looking to reduce deficits, is raising taxes on the province’s mining operations. Also, Harry Winston reports losses in 2009, yet remains hopeful for the future of the industry.
Articles Tagged "canadian miner"
Can the diamond market look forward to a complete recovery by end-2010? There are some in the sector who express confidence that the worst is over, and that prices for uncut as well as polished, have bottomed out. 2010 looks good, they say. Yet there are others who differ in opinion.