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New diamond mine picks up its third award

De Beers’ Gahcho Kué mine, which has just begun full commercial production, has won its third major award.

Allan Rodel (General Manager of Gahcho Kué mine, De Beers) and Patrick Evans (President and CEO of Mountain Province Diamonds) collecting the award.

 

The Viola R MacMillan Award was presented during the Prospectors and Developers Association of Canada (PADC) Awards Gala earlier this month.

The award, for demonstrating leadership in management and financing for the exploration and development of mineral resources, was accepted by Gahcho Kué mine General Manager Allan Rodel, on behalf of De Beers Canada, and Patrick Evans, Chief Executive of Mountain Province Diamonds.

Gahcho Kué, the world’s largest new diamond mine, 280km northeast of Yellowknife in Canada’s Northwest Territories (NWT), is a joint venture between De Beers (51 per cent – the operator) and Mountain Province Diamonds.

Allan Rodel said: "I am extremely proud of the work done by every member of the team at Gahcho Kué. We work in some of the most difficult conditions found anywhere in the world, and we have achieved so many important milestones safely, without harm to people or the environment."

Last year, the mine received Gold at the 11th Annual Project Management Institute's awards gala as well as the Workplace Health and Safety Award from the Yellowknife Chamber of Commerce.

Kim Truter, Chief Executive of De Beers Canada, said: "To build and bring into operation a world-class mine like Gahcho Kué safely, early and ahead of budget is rare in the mining industry today. This award is recognition that we are on the right track and that our employees, community and business partners are also able to deliver on a world-class level."

Comprising three open pits, the mine will employ 530 people full-time, with the majority working a two-week in/two-week out rotation.

Patrick Evans added: "This award recognises the combined efforts of a large and talented team of mining and finance professionals who contributed to the successful financing and development of Gahcho Kué. The support of our shareholders and debt providers was critically importantly."

In addition to a C$440 million (US$325 million) boost to the NWT economy in 2015, the Gahcho Kué mine will provide a further C$5.3 billion (US$3.9 billion) in Gross Value Added (GVA) to the NWT now that it has reached commercial production, according to a socio-economic impact report by EY. GVA is a measure of economic activity, broadly equivalent to the wages and profits generated or the total output (revenues).
 

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