Located in the Northwest Territories (NWT) and northern Ontario, our Snap Lake Mine and Victor Mine have played a fundamental role in enhancing Canada’s position as a diamond producing country, ranked as the third largest in the world by value. Our operating mines collectively accounted for 28 per cent of Canada’s diamond export earnings in 2015.1 This national prominence is projected to increase further as our Gahcho Kué Mine in the Northwest Territories (a 51/49 per cent joint venture with Mountain Province Diamonds Inc) ramps up to full production.
Key to our success has been strong local partnerships in communities close to our operations. Our community value proposition is driven by the belief that our business can be a catalyst for delivering economic and social value locally, regionally and across the country wherever we explore, advance projects and operate mines.
This socio-economic impact report on De Beers in Canada highlights the economic and cascading positive impacts our activities have generated for more than 50 years in Canada. We hope it provides you with insight into our approach, commitment and goals as we look forward to the next 50+ years of activity in Canada as the world’s leading diamond company.
1. Based on Kimberley Process Certification Scheme (2015) annual statistics.