Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Oct. 3, 2011) – Stornoway Diamond Corporation (TSX:SWY) is pleased to provide an update on activities at the company’s diamond exploration pipeline projects. Stornoway’s flagship asset is its 100% owned Renard Diamond Project in north-central Québec, currently the focus of a Feasibility Study and an associated Environmental and Social Impact Assessment. In conjunction with work at Renard, Stornoway has been pursuing vigorous programs of exploration on additional projects with the aim of discovering new kimberlite fields in under-explored regions of Canada. Stornoway’s budget for its 2011 exploration programs is $5.6m, of which approximately $3.5m has been expended to date.
