The company, which began exploring the area in March this year, said that specialists from its joint venture partner Alrosa are reanalyzing 80 tonnes of samples that were sent to South Africa.
Shares were up more than 5% after the firm posted higher output across all divisions, except for copper, and said market conditions for its diamond business had improved.
As operator of the world’s largest nuclear power station, Bruce Power LP generates staggering amounts of electricity — roughly 50 terawatts each year, according to James Scongack, the Tiverton, Ont.-based company’s vice-president of corporate affairs.
He envisions people living in big glass-carbon fiber domes on the surface, with additional areas mined out below the surface by robots for "industrial" uses.
Banks Group’s Highthorn coal mine would provide about 100 jobs during its five-year operation, with no mining activity planned within 500 metres of Druridge Bay beach.
Oilsands producers are likely to face a pipeline shortage in coming years, even amid growing optimism that a major pipeline could soon receive federal approval and ease industry’s pipeline constraints.