Stornoway gets another $20m, this time in debt

Stornoway Diamond Corp, wanting to build Quebec’s first diamond mine, has secured a $20-million loan from its biggest shareholder, Diaquem, and development capital fund Fonds de solidarité FTQ runs, the TSX-listed junior said on Friday....

Renard diamond project, Canada

The Renard project has the potential to produce about 30-million carats of diamonds over a 25-year mine life.

Stornoway hikes Renard capital costs to C$800m

Stornoway Diamonds’ shares fell 6% on in Toronto on Wednesday, after the company said the cost to build its Renard project in Quebec would cost C$802-million – nearly double the amount it predicted in a March 2010 preliminary economic...

Stornoway weighs selling gem marketing rights to fund Renard

Stornoway Diamonds, aiming to build Quebec’s first diamond mine, hopes to raise some of the money for the Renard project through selling marketing rights, CEO Matt Manson said last week in an interview. The company is finalising the feasibility...

Renard diamond values leap by 56% since 2009

Stornoway Diamond Corporation has seen the value of the gems sampled from its Renard project in Quebec jump by 56% since they were last valued in September 2009, the company said on Monday. Belgium-based WWW International Diamond Consultants...

Stornoway shareholders approve increased stake in project

Shareholders of TSX-listed Stornoway Diamond Corp have approved the company's acquisition of the 50% that it does not already own of the Renard diamond project, in Quebec. Investors also approved a consolidation of the company's shares, which...

Stornoway hikes resource estimate at Renard

TSX-listed Stornoway Diamond Corp has updated the mineral resource estimate for its Renard diamond project in Quebec, increasing the total indicated mineral resource at the project by 3%, while the inferred resource rose by 31% compared with the...

SNC-Lavalin to lead Stornoway's Renard feas study

Canadian diamond hopeful Stornoway Diamond Corp has awarded the lead contract for a feasibility study on its Renard project in Quebec to SNC-Lavalin. The contract with SNC-Lavalin will include principal mine design and engineering work, and Amec...

Stornoway launches Renard feasibility study

Canadian diamond hopeful Stornoway Diamond and partner Societe generale de financement du Quebec (SGF) have formally begun a feasibility study for their Renard project, in north central Quebec, and will also look at building a power line to...

Stornoway eyes upside at Renard

Vancouver-based Stornoway Diamonds wants to become a two-million-carat-a-year producer, CEO Matt Manson said this week. The company still plans to decide whether or not to build its flagship Renard mine in Quebec by the end of 2011, with first...

Stornoway bolsters Quebec diamond project numbers

Shares in TSX-listed Stornoway Diamond Corp shot up 26% on Monday, after the junior unveiled much better economics for its Renard project, in Quebec. In fact, the company feels confident enough that it will propose to its 50% partner on the...

Stornoway gains on new Renard resource estimate

Shares in Canadian diamond hopeful Stornoway Diamond Corp leapt 18% on Tuesday, after the company announced it had more than tripled the contained carats in a new resource estimate for its Renard project, in Quebec. The total indicated mineral...