The Israeli Diamond Industry Portal
Diamond News Center
Diamond News
Israel
World
Mining
Retail
Press Releases
IDI takes China by storm
2008 - Turning to India
Liberian Memorandum of Understanding
Rough Conference
Financial News
Today's Headlines
Newsletter
Features
Become a Member
Sign up and enjoy the benefits
Get Our Newsletter
IDEX Online Prices
Kimberley Process
IDEX Online Index
Currency Rates | Conversion Calculator
Update Date : 27.08.10
Currency Rate %
US Dollar 3.829 0.367
Euro 4.872 0.462
GBP 5.936 0.125
100 JPY 4.524 0.319
CNY 0.562 0.166
HKD 0.491 0.188
World Clock
Hong Kong  02:55
New York  14:55
Mumbai  00:25
Jerusalem  21:55
Brussels  20:55
Moscow  22:55
Diamond Needs | Supply | Israeli Diamond Blog | Diamond Companies | About Israel
diamond trade diamonds diamond companies diamond manufacture diamond center buying diamonds
Diamond News Center > Diamond News > Mining

Diamond News

Fort a la Corne Diamond Mine Projected as Major Boost for Economy

26.05.08, 07:39 / Mining

According to a study investigating the potential impact of the Fort a la Corne diamond mine in Saskatchewan, it could bring big benefits, but there also may be large costs.

 

In response to the report, Prince Albert Mayor Jim Scarrow stated: "With increased spending to the tune of $223 million in the region on an annual basis, there will definitely be opportunities for every man, woman and child in the region.”

 

The study investigated the potential effects of the Fort a la Corne diamond mine. The servicing of the mine and its related industries will necessitate a pool of skilled and unskilled labor. Increased traffic on area roads and highways will require greater infrastructure resources. Expansion will be required in the areas of housing as well as facilities for health care, education and recreation.

 

Marc Hauser, chair of the Prince Albert Regional Economic Development Authority (PAREDA), asked: "Who's going to pay for the increased demand on our infrastructure? The last thing we want to happen is an industry makes a decision to do something and we're not ready so they can't do it."

 

Fort a la Corne’s operator, Shore Gold, hopes to publish a resource estimate this year on the volume of diamonds at the Star kimberlite at Fort a la Corne. Subsequently, a study will be conducted to determine if it is economically viable to build a mine.

 

If a mine is pursued at Fort a la Corne, construction and development will take at least 3 years; thus the mine will be in production by 2011.

 

By: Rachel Lieberman, Israel Diamond Industry Portal
More on this subject:
Orion South Projects Yields 15.88, 8.29 and 4.46 Carat Diamonds (06/03/08)
Positive Results at Fort a La Corne (06/02/08)
De Beers puts an end to Forte a la Corne case (24/08/06)
| | | | | | התראות RSS

 
Sign Up For Our Newsletter

more news   |  more mining news
News Rss Feeds
FINANCIAL NEWS
Fischer: Peace Will Boost Economy 5-6%
02.09.10
TODAY'S HEADLINES
Germany's Central Bank Votes to Oust Sarrazin for "Jew" Comments
02.09.10
NOTICES
WFDB Mourns Former Israel Diamond Exchange President Yitzchak Forem
02.09.10
WORLD
Diamond Ring Worth $320,000 Stolen from Beijing Tiffany Store
02.09.10
WORLD
Sarin Launches Enhanced Diamond Processer
02.09.10
Financial News
Fischer: Peace Will Boost Economy 5-6%
02.09.10, 13:02
Common Searches
diamond price
buying diamonds
Israel diamond exchange
Diamond Needs
Round,1.00 - 4.00
(25.10.09)
Round,5.00+
(25.10.09)
This week's most popular news
Zimbabwe Gets $30M dividends from Diamond Companies
TASE Closes in the Red, Leviathan Partners Up
Mass Oil Cache Beneath Gas in Leviathan Project
IDI – מכון היהלומים הישראלי ewave