In Canada's Far North, Roads First, Then Projects

Law360, New York (October 5, 2012, 7:08 PM EDT) -- Matt Manson has a billion-dollar plan to mine for diamonds in northern Canada. The CEO of Stornoway Diamond Corp. has studies showing the stones are there, and he is lining up $475 million in bank debt to start digging. There's just one problem: He can't actually get there yet.

Stornoway's Renard project, set to be Quebec's first diamond mine, is located in the province's far north, 150 miles from the nearest highway. The transportation ministry is spending $331 million to extend the road. Stornoway is also...
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