[ad_1]
De Beers initiated a $ 107 million Canadian takeover of Canadian miner Peregrine Diamonds, extending its presence in Canada's frozen north following the recent start of the Gahcho Kué joint venture mine
. The world's largest source of rough diamonds in value and the 85% -owned Anglo American subsidiary, has embarked on corporate operations to replace the carats of the mines it has closed and closed in Canada.
Peregrine is the sole owner of prospect Chidliak. which has an inferred resource of 22 million carats and needs approximately 455 million Canadian dollars to produce, including a contingency reserve of 55 million Canadian dollars and a passable road all the time up to Iqaluit, the capital of Nunavut
. It takes 2.2 years to repay capital and have pre-tax cash flow of C $ 2 billion over its 13-year life.
"The Chidliak resource has significant development potential and will be an interesting addition to our portfolio" De Beers CE O Bruce Cleaver said, "With a strong outlook for consumer demand, we are looking for new opportunities to invest in our future supply potential, and we look forward to expanding our portfolio in Canada and working with community partners in the Nunavut Territory.
The pilgrim, whose market value was 16 Canadian cents, had a market capitalization of Can $ 71 million. De Beers said the Chidliak prospect had an estimated grade of 2.41 carats per tonne and an estimate of $ 151 per carat making the target mining area. "
The Chidliak deposit contained 74 kimberlites and Peregrine concentrated only two as a mining project.
"With the transformation of our company in Canada in the past two years, our targeted investment in innovative new mining methods and our expertise in Canada's Arctic environments, we believe we are doing very well positioned to further develop this resource, "said Cleaver
and other shareholders representing 44% of the shares for his transaction.
[ad_2]
Source link
