The National Post is Canada’s second largest national paper.
NEAR THE OTISH MOUNTAINS, QUE. – Matt Manson remembers being cold. And thinking about divine retribution.
It was November 2006 and the wounds were still raw from Stornoway Diamond Corp.’s unsolicited takeover of Ashton Mining, part of a $200-million play that also saw Stornoway buy Contact Diamond. As president of the newly consolidated company, Mr. Manson had just finished visiting its flagship asset — the Renard diamond project in northern Quebec — for the first time when a snowstorm closed in.
He jumped into a helicopter and the pilot flew him at low altitude two hours south to Témiscamie, an aircraft refuelling and logistics station with no permanent residents. Huddled against the side of a shed and waiting for a truck to take him to Chibougamau, he found himself completely alone.
“I’m sitting there, shivering away against the wall, getting covered in snow for about three hours and thinking ‘Here’s my punishment’,” recalls Mr. Manson, now Stornoway’s president and chief executive. “‘We went hostile and now I’m being punished. The gods were paying me [back]’.”