Dominion Diamond Corporation Reports Approval of Jay Project Environmental Assessment
20 May 2016 - 2:10AM
Business Wire
Dominion Diamond Corporation (TSX:DDC, NYSE:DDC) (the “Company”
or “Dominion”) is pleased to report that the Minister of Lands of
the Government of the Northwest Territories (“GNWT”), the
Honourable Robert C. McLeod, has accepted the recommendations of
the Mackenzie Valley Environmental Impact Review Board (“MVEIRB”),
that the Jay Project be approved, subject to the measures described
in the Report of Environmental Assessment.
Dominion will file water licence and land use permit
applications shortly, beginning the final step in the environmental
approval of the project. The Record of Decision can be found
at:http://reviewboard.ca/upload/project_document/EA1314-01_Minister_s_Decision_on_the_Report_of_Environmental_Assessment_and_Reasons_for_Decision_for_the_Dominion_Diamond_Ekati_Corporation_Jay_Project.PDF
Brendan Bell, Chief Executive Officer, commented, “This is an
important milestone for Dominion and for the Northern economy.
Dominion thanks Minister McLeod and the GNWT for their work and
looks forward to a timely completion of the permitting
process.”
Jay is the most significant undeveloped deposit at Ekati. Jay
alone has the potential to extend the mine life approximately 10 to
11 years beyond the current projected closure of Ekati. The
Company expects to publish a feasibility study on the Jay Project
later this month.
About Dominion Diamond Corporation
Dominion Diamond Corporation is the world’s third largest
producer of rough diamonds by value. Both of its production assets
are located in the low political risk environment of the Northwest
Territories in Canada where the Company also has its head office.
The Company is well capitalized and has a strong balance sheet.
The Company operates the Ekati Diamond Mine and also owns 40% of
the Diavik Diamond Mine. Between the two mining operations,
diamonds are currently produced from a number of separate
kimberlite pipes providing a diversity of diamond supply as well as
reduced operational risk. It supplies premium rough diamond
assortments to the global market through its sorting and selling
operations in Canada, Belgium and India.
For more information, please visit
www.ddcorp.ca.
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Dominion Diamond CorporationInvestor
RelationsMs. Kelley Stamm, 416-205-4380Manager, Investor
Relationskstamm@ddcorp.caorMedia
RelationsMs. Laura Worsley-Brown, 867-669-6105Senior
Advisor, External Relationslaura.worsley-brown@ekati.ddcorp.ca