Gahcho Kué joint venture welcomes issuance of land use permit and water license

 Gahcho Kué joint venture welcomes issuance of land use permit and water  license  YELLOWKNIFE, TORONTO and NEW YORK, Aug. 12, 2014 /CNW/ - De Beers Canada Inc.  as the Operator and Mountain Province Diamonds (TSX: MPV, NYSE MKT: MDM) are  pleased to announce that the Mackenzie Valley Land and Water Board (MVLWB) has  issued the Gahcho Kué Type A Land Use Permit and sent the Type A Water  License for final approval to the Minister of Environment and Natural  Resources (ENR) of the Government of the Northwest Territories (GNWT).  Tony Guthrie, CEO of De Beers Canada Inc.:  "This represents one of the final regulatory steps for the Gahcho Kué diamond  mine and is the result of very hard work by the Project team over the past  eight years with the Board, Regulatory agencies, Aboriginal parties,  Communities and other Stakeholders. We will continue to develop the Project  responsibly in keeping with the principles of sustainable development,  including protection of the environment, and with respect for Aboriginal  culture and traditions.  We look forward to strengthening relationships with all Stakeholders as we  advance the project toward operation and build for the future together.  We want to thank the Board and staff of the MVLWB and the many Participants  for their work during the permitting process."  Patrick Evans, CEO of Mountain Province Diamonds, added:  "As the world's largest and richest new diamond mine, Gahcho Kué will  maintain Canada's position as a leading diamond producer. Employment created  by Gahcho Kué and revenues generated by the mine will contribute to growth  and prosperity in the NWT. I extend my appreciation to the Gahcho Kué Project  team, the Regulators as well as our community partners who have supported the  mine development."  Gahcho Kué will employ close to 700 people during the two years of  construction and approximately 400 people during its operational phase.  About The De?Beers Group of Companies De?Beers is a member of the Anglo  American plc group. Established in 1888, De?Beers is the world's leading  diamond company with unrivalled expertise in the exploration, mining and  marketing of diamonds. Together with its joint venture partners, De?Beers  employs more than 20,000 people (directly and as contractors) across the  diamond pipeline, and is the world's largest diamond producer by value, with  mining operations in Botswana, Canada, Namibia and South Africa. As part of  the company's operating philosophy, the people of De?Beers are committed to  Living up to Diamonds by making a lasting contribution to the communities in  which they live and work, and transforming natural resources into shared  national wealth. For further information about De?Beers visit  www.debeersgroup.com  About Mountain Province Diamonds Mountain Province Diamonds discovered the  first kimberlite at Kennady Lake in 1995 and in 1997 entered into a joint  venture with Monopros, a subsidiary of De Beers. Mountain Province is a 49%  participant with De Beers Canada in the Gahcho Kué JV located in Canada's  Northwest Territories. Gahcho Kué is the world's largest and richest new  diamond mine development. A March 2014 feasibility study filed by Mountain  Province (available on SEDAR) indicates that the Gahcho Kué project has an  IRR of 32.6%. Further information is available at www.mountainprovince.com.  Forward-Looking Statements This news release may contain forward-looking  statements, within the meaning of the "safe-harbour" provision of the Private  Securities Litigation Reform Act of 1995, regarding Mountain Province's  business. Actual results could differ materially from those described in this  news release as a result of numerous factors, some of which are outside the  control of the Company.    SOURCE  De Beers Canada Corporation  Tom Ormsby, External & Corporate Affairs, De Beers Canada, Tel +1 (416)  645-1710, ext. 2151, tom.ormsby@debeersgroup.com; Patrick Evans, President &  CEO, Mountain Province Diamonds, Tel +1 (416) 361-3563  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/August2014/12/c3435.html  CO: De Beers Canada Corporation ST: New York NI: MNG VNT  
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