OTHER

Stornoway to resume mining at Renard

Forest fires contained

Staff reporter
Rain clouds “a welcome relief”

Rain clouds “a welcome relief”

The company suspended the operation and started evacuating non-essential employees on Monday as the fire approached its diamond mine in Quebec.  

Stornoway plans to remobilise staff to the mine, starting this morning.

"Over the last 48 hours, rainfall and a shifting of the prevailing winds have allowed the principal fires south of the Clarence and Abel Swallow Airport to be contained, allowing for the safe transit of mine staff to the Renard mine," the company said.

It had earlier described the heavy rain clouds in the area as a welcome sign of relief.

The company acknowledged the support from its employees and authorities during the situation.

Stornoway had reduced its 2018 production and sales guidance for Renard in May, after lower than expected results in the March quarter as the openpit operation transitioned to underground.

Shares in the company hit a new 52-week low intraday yesterday of C41.5 and closed at 42c, capitalising it close to $351 million.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.