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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was an upbeat 58-50-154. The TSX Venture Exchange fell five points to 1,014 while diamond prices rose slightly. Matt Manson's Stornoway Diamond Corp. (SWY) dropped two cents to 66 cents on 1.88 million shares. Stornoway will pay SNC-Lavalin Group Ltd. (SNC: $57.33) $425-million to design and build much of the infrastructure for its Renard diamond mine in the Otish Mountains of Quebec. Renard should reach production in early 2017. Richard Clark's RB Energy Inc. (RBI) fell two cents to 31.5 cents on 1.36 million shares. RB Energy raised $22-million at 68 cents in May but the stock suffered a nasty fall in mid-July after it delayed production targets at its lithium mine near Val d'Or, again. To tide it over, Mr. Clark, CEO since Canada Lithium Corp. merged with his Sirocco Mining Inc. early this year, will have to sell more stock.

Patrick Evans's Mountain Province Diamonds Inc. (MPV) gained 14 cents to $5.67 on 60,000 shares. The company's loyal retail shareholders are pleased with Mr. Evans's progress at financing Mountain Province's 49.9-per-cent share of a Gahcho Kue mine, 250 kilometres northeast of Yellowknife. Still, they should probably keep the hats and horns stowed a while longer. Mr. Evans has "mandated" Deutsche Bank, Natixis SA and Nedbank Ltd. as the lead arrangers in putting together the primary syndication of a $370-million debt facility, subject to due diligence, bank approvals and agreement on the final documents, which should be complete by the end of the year. If successful, Mountain Province will have covered most of its $425-million share of Gahcho Kue's capital cost through debt.

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