AWDC meets Stornoway on project 'Renard'

Discussions on the potential and the possibilities of the first diamond mine in Quebec, Canada, went underway with Kris Peeters, minister president of Flanders, Ari Epstein, CEO of AWDC with Stornoway, the company in charge of this project ‘Renard’. The mine is located 850 km North of Quebec

Stornoway prefers the Antwerp market to trade their goods. Kris Peeters, Minister President of Flanders noted: “ We hope to obtain solid trade relationships and a positive outcome for both parties.”

Stornoway, a listed company has the Government of Quebec as the main shareholder. The company obtained all the necessary permits to begin project “Renard”. First production is scheduled for July 2015 and is estimated to provide 2 million carats on average yearly, over the next decade. Because the expected quality of the diamonds is very high, the estimated yearly revenue is pinned at approximately 328 million USD.

Ari Epstein, CEO Antwerp World Diamond Centre: “The exploration of the first diamond mine is an important step forward for Quebec. The highest level of professionalism is vital for the outcome of this project. Antwerp can bow on 550 years of diamond heritage, a wealth of expertise and no less than 1800 registered diamond companies. Antwerp can also ensure the best possible return for the Québec diamonds.”