Desmond’s diamond mine turns profit after hard year
Mountain Province Diamonds, Dermot Desmond’s Canadian diamond company, reported a profit for 2017 of Can$13.2 million after “a long, difficult and frustrating year”.
Mountain Province went into production last year at its Gahcho Kué prospect on the edge of the Arctic Circle, which is regarded as the world’s largest new diamond mine.
However, during a conference call last week, the company’s chief executive, David Whittle, said the company had...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures
The Daily Briefing
What’s coming up today and what you might have missed
The Daily Briefing
What’s coming up today and what you might have missed.
