18 July 2014
De Beers Canada Inc. (De Beers), Mountain Province Diamonds (TSX: MPV; NYSE MKT: MDM) and Lutsel K’e Dene First Nation are pleased to announce that an Impact Benefit Agreement (IBA) has been entered into with the Lutsel K’e Dene First Nation for the proposed Gahcho Kué diamond mine, a joint venture of De Beers (51%) and Mountain Province Diamonds (49%). De Beers is the Operator of the Gahcho Kué Project.
The IBA puts in place a framework for De Beers, as Operator, and the Lutsel K’e Dene First Nation to work together over the life of the mine, with a particular focus on participation by the Lutsel K’e Dene First Nation in the opportunities that the construction and operation of the mine will provide.