Diamond Fundamentals
The Environmental and Social Impact Assessment concurrent with the Feasibility Study of the Renard Diamond Project was submitted on December 28, 2011. The purpose of the study is to assess the possible positive or negative impact that the Renard Project may have on the environment surrounding the deposit; naturally, socially and economically. The relevant Quebec and federal regulators will now assess the impact of the project and will seek input from local stakeholders on the proposed development.
In this context, the Renard ESIA has been filed with both the MDDEP and the Canadian Environmental Assessment Agency (the “CEAA”). Subject to a schedule to be established by the Review Committee of the JBNQA (“COMEX”) and the CEAA, it is currently expected that public hearings will be held in the first half of 2012 and, upon the satisfaction of all regulatory requirements, the project will be eligible for the receipt of Québec and federal Certificates of Authorization by the middle of 2012. Once the provincial and federal administrators have issued authorizations for project development, final mine permits will be sought from the MDDEP, the Ministère des Ressources Naturelles et de la Faune, and all relevant federal authorities.
Stornoway also is currently in negotiations with Mistissini and the Grand Council of the Crees (Eeyou Istchee) with the aim of concluding an Impact and Benefits Agreement. This agreement is expected to provide mine related employment and contracting opportunities, as well as foster environmental and social protection. This negotiation process follows upon the successful execution of a Pre-Development Agreement between the parties in July 2010, and the establishment of a project business development office in the community of Mistissini in January of 2011.
| Dec 28, 2011 Stornoway Announces Filing Of The Renard Environmental And Social Impact Assessment Stornoway Diamond Corporation (TSX-SWY) is pleased to announce the completion and filing of an Environmental and Social Impact Assessment (ESIA) for the Renard Diamond Project located in North Cent... |
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| Sep 20, 2011 Stornoway Provides Renard Project Update Feasibility Study and ESIA Nearing Completion Stornoway Diamond Corporation (TSX-SWY) is pleased to provide a progress update on feasibility level work at the Renard Diamond Project, Stornoway's flagship project located in North Central Qu&eac... |
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| Apr 28, 2011 Stornoway Provides Renard Project Update Feasibility Study on Track for Delivery in Third Quarter Stornoway Diamond Corporation (TSX-SWY) is pleased to provide a progress update on feasibility level work at the Renard Diamond Project, Stornoway's flagship project located in North Central Qu&eac... |
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*the following documents were submitted on December 28th, 2011 and are currently only available in french. English versions will be posted in the coming months.