Financing Quebec’s First Diamond Mine
When Stornoway’s Renard diamond mine began production in July 2016, it made history — not only as the first diamond mine in Quebec, Canada, but also because of the unique way the project was financed. Stornoway’s financing package is made up of a series of transactions including equity, a diamond stream, project debt facilities, and the equipment financing facility provided by Cat Financial. Cat dealer Hewitt Equipment Ltd. has worked with the mine from the beginning to provide end-to-end services, solutions and support.
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