News from our businesses and markets
A Gross Value Add (GVA) of more than $2.1 billion to the NWT economy has earned De Beers Canada the 2018 NWT Mining and Exploration (MAX) Economic Leadership Award.
The award was presented on November 22 at the second annual MAX Awards Gala, held in Yellowknife to wrap up the 46th annual Yellowknife Geoscience Forum. Ni Hadi Xa, a joint environmental monitoring agency comprised of five NWT Indigenous communities and Gahcho Kué Mine, was also recognized, receiving the Environmental & Social Responsibility Award. In all, De Beers Canada captured two of the five awards presented.
De Beers Canada has contributed over $7 billion to the Canadian economy thus far. The $2.1 billion impact in the Northwest Territories is expected to increase by a further $5.3 billion over the life of Gahcho Kué Mine, a joint venture between De Beers Canada and Mountain Province Diamonds.
“Through their contributions and commitment to sustainable, responsible development, the people and businesses that we will honour this evening have made lasting contributions to our territory,” said Wally Schumann, Minister of Industry, Tourism and Investment for the Government of the Northwest Territories.
Allan Rodel, General Manager of Gahcho Kué Mine, accepted the Economic Leadership award.
“Our strategy is based on the fundamentals of being a trusted corporate leader, creating thriving communities and operating in, and leaving behind, a healthy environment. Our ambition is to build upon our first 50 years in Canada and to be the most innovative and sustainable diamond mining business in Canada.”
In addition to operating the Gahcho Kué Mine, De Beers Canada owns and operates the Victor Mine in northern Ontario and is advancing the Chidliak Project on Baffin Island in Nunavut.