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Full coverage: Mining

Failure to sparkle: Inside Dermot Desmond’s Canadian diamond mine adventure

Dermot Desmond-backed Mountain Province pursued a dream to build one of the world's biggest diamond mines deep in the Canadian tundra. Once valued at €950m, Mountain Province is worth €52m and its bonds are trading at a discount to face value. Just what has happened? And what happens next?

Sean Keyes
16th Apr, 2020 - 7 min read
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