canada
Aerial view of the Star Diamond Project infrastructure
million has been spent on the exploration of the Fort a la Corne Joint Venture and the evaluation of the Project to the level of a Feasibility Study : Probable Mineral Reserves of 279 million tonnes containing 34.4 million carats of diamonds at a weighted average price of US $ 242 per carat , which can be profitably mined over 20 years . “ The unique aspect of this Project is the proximity to infrastructure ,” says senior vice president George Read . “ We are 20 kilometers from paved highway and the electricity power grid , which is extremely beneficial to the economics of the project . In contrast to other Canadian diamond mines and evaluation projects , we are the closest .”
“ While some $ 300 million has been spent to date , we will need an additional $ 1.9 billion in
“ We need environmental approval , which will enable us to commence our permitting process , and then we would need to start detailed design , as well as raising project finance .”
– George Read
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