De Beers Group has signed a non-binding Memorandum of Understanding (MoU) with its partner in the Gahcho Ku\u00e9 mine, Mountain Province Diamonds Inc. The MoU contemplates incorporating properties owned by Kennady Diamonds Inc. into the Gahcho Ku\u00e9 joint venture, in the event that Mountain Province\u2019s proposed acquisition of Kennady Diamonds is approved. Mountain Province and De Beers will now work towards a definitive agreement based on the MoU.<\/p>\n\n\n\n
Kim Truter, chief executive \u2013 Canada, De Beers Group, said: \u201cWe have been very pleased with the progress of our partnership with Mountain Province in the Gahcho Ku\u00e9 mine. Their proposed acquisition of Kennady Diamonds opens up some potential new options for the operation\u2019s future, and while further work would be required on the resource and there would need to be agreement on commercial terms, the signing of this non-binding MoU makes sense for both parties as we consider how our partnership might develop.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
De Beers Group has signed a non-binding Memorandum of Understanding (MoU) with its partner in the Gahcho Ku\u00e9 mine, Mountain Province Diamonds Inc. The MoU contemplates incorporating properties owned by Kennady Diamonds Inc. into the Gahcho Ku\u00e9 joint venture, in the event that Mountain Province\u2019s proposed acquisition of Kennady Diamonds is approved. Mountain Province and…<\/p>\n","protected":false},"author":1,"featured_media":7856,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[96,100],"tags":[],"thb-sponsors":[],"class_list":["post-7855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diamonds","category-in-focus"],"acf":[],"yoast_head":"\n