De Beers Canada Signs Gahcho Kue Socio Economic Deal
June 29, 13
(IDEX Online News) – De Beers Canada, as operator of the Gahcho Kué project in Canada’s Northwest Territories (NWT), has signed a Socio Economic Agreement (SEA) with the government of the NWT for the diamond mine, announced partners De Beers and Mountain Province Diamonds. 
An aerial view of the Gahcho Kue mine.
The agreement formalizes commitments made with respect to employment, training, business opportunities and other related benefits for NWT 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 site to ensure an management adapts to the socio-economic performance of the mine.
“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 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.”
Meanwhile, De Beers Canada President and CEO and Chairman of the Gahcho Kué JV Management Committee Tony Guthrie said: “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 of the NWT, 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.”
The Gahcho Kué mine will have a mine life of approximately 11 years and will produce on average 4.5 million carats annually. It will employ up to 700 people during construction and approximately 400 people during operations.