https://www.canadianminingjournal.com/
De Beers Group and Mountain Province Diamonds announced that their joint venture Gahcho Kué diamond mine has surpassed the $2-billion spending threshold with Northwest Territories and Indigenous business.
The milestone represents 61% of the total $3.2 billion spent on the project since 2015 when construction began. Local businesses supply welding, transportation logistics, trucking, passenger and cargo flights, labour, and camp catering.
The venture has a stated goal of sourcing at least 60% of its requirements for the project from local businesses. According to the NWT Bureau of Statistics, diamond mining is the largest contributor to the territory’s gross domestic product – $588 out of $4.25 billion in 2023. Key elements of the economic contribution of the Gahcho Kué mine include the following:
For the rest of this article: https://www.canadianminingjournal.com/news/gahcho-kue-diamond-mine-surpasses-2-billion-spent-with-nwt-and-indigenous-businesses/