Business
Mountain Province Diamonds Postpones 3rd Diamond Sale of 2020 Until Further Notice
Mountain Province Diamonds Postpones 3rd Diamond Sale of 2020 Until Further Notice ...
About this update from Mountain Province Diamonds Inc.
[{"type":"text","content":"\n\n\n\nMountain Province Diamonds Postpones 3rd Diamond Sale of 2020 Until Further Notice\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO and NEW YORK, March 17, 2020\n\n\n\nTSX and OTCQX: MPVD\n TORONTO and NEW YORK, March 17, 2020 /CNW/ - Mountain Province Diamonds Inc. (\"Mountain Province\", or the \"Company\") (TSX and OTCQX: MPVD) today announces that as a result of city-wide closures in Antwerp Belgium, where the Company sells its diamonds, the current sale  (Sale #3, 2020) has been postponed until further notice.\n\n \n \n \n \n \n \n\n \nThe Covid-19 global pandemic continues to force health officials to take drastic measures in order to slow down the spread of the virus. Antwerp Belgium, where the Company's diamonds are sold, has just announced city-wide closure of buildings and commercial sites starting Thursday, March 19th. Therefore, the current sale, the Company's 3rd sale of 2020, is being postponed until further notice. Depending on the length of the closure periods imposed, future sales could also be impacted. The Company is reviewing options to consider alternative sales methods as it tries to navigate through these unprecedented times.\nAt present, and as previously announced, the virus is not impacting operations at the Gahcho Kué Mine as numerous precautionary measures have been taken over the past few weeks to ensure, as far as possible, a safe working environment for all employees and contractors travelling to and from site as well as the support offices in Yellowknife, Calgary and Toronto. The Company will continue to monitor the situation very closely and provide market updates accordingly. \nAbout the Company\nMountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada's Northwest Territories.  Gahcho Kué is the world's largest new diamond mine, consisting of a cluster of various diamondiferous kimberlites, four of which are being developed and mined under the current mine plan. The Company also controls 67,164 hectares of hig...