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De Beers, Mountain Province Formalize Regional Commitment at Gahcho Kue

Jun 28, 2013 12:59 PM   By Jeff Miller
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RAPAPORT... De Beers Canada and Mountain Province Diamonds entered into a socio-economic agreement (SEA) with the government of the Northwest Territories for the proposed Gahcho Kué diamond mine.  The  agreement formalizes commitments made with respect to employment, training, business opportunities and other related benefits for area residents. It also establishes measures to monitor possible socio-economic impacts related to the proposed mine and establishes the mechanism to work with communities close to the mine in order to ensure an adaptive management approach to socio-economic performance.

The agreement includes incentives to assist employees living in the Northwest Territories for priority hiring and relocation benefits;  training, apprenticeships and professional sponsorship; transportation allowances and transparency and accountability.

The Gahcho Kué diamond mine expects to have a mine life of approximately 11 years, employ up to 700 people during construction and approximately 400 people during operations. Operators anticipate the mine will produce, on average, 4.5 million carats per year during its lifespan.

"In signing this SEA, both parties are affirming their commitment to advancing this project in a way that not only creates jobs for our residents, but that supports the health and wellness of the region," said the Minister of Industry, Tourism and Investment, David Ramsay. "This is a significant step forward in opening this mine, a project that will translate into economic opportunities for people throughout the North and South Slave Regions, and across the territory."

Tony Guthrie, the president of De Beers Canada and the chairman of the Gahcho Kué management committee, added, "This is an important milestone for De Beers and for our joint venture partner, Mountain Province Diamonds. The signing of this agreement confirms that De Beers and the government of the Northwest Territories are committed to working together to optimize opportunities for the residents and economy, while respecting the cultures and traditions of communities close to the mine. This agreement positions Gahcho Kué to contribute to the economic success of the NWT and its all-important diamond industry."

Tags: Canada, commitments, De Beers, diamond mine, Gahcho Kue, Jeff Miller, mountain province, northwest territories
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