De Beers Group and Mountain Province Diamonds have announced a significant milestone for their joint venture, the Gahcho Ku\u00e9 mine. Since the mine’s construction began in 2015, procurement spending with businesses in the Northwest Territories (NWT) has surpassed C$2 billion.<\/p>\n
This achievement represents 61% of the total C$3.2 billion spent on procurement for the mine, aligning with Gahcho Ku\u00e9\u2019s commitment to source at least 60% of its goods and services from companies located in the NWT.<\/p>\n
Avischen Moodley, Country President \u2013 De Beers Canada, said: \u201cThis major economic milestone highlights the value Gahcho Ku\u00e9 brings to Indigenous communities, businesses, and the territory. Our NWT business partners continue to demonstrate their ability to provide world-class goods and services that are essential to the successful operation of the mine.\u201d<\/p>\n
NWT and Indigenous businesses provide a wide range of goods and services to Gahcho Ku\u00e9, including welding, transportation logistics, trucking support, passenger and cargo flights, labour services and camp catering.<\/p>\n
Mark Wall, CEO of Mountain Province Diamonds, said: \u201cSince the mine began, Gahcho Ku\u00e9 has had an impressive track record of socio-economic contributions and environmental stewardship in the NWT. That track record continues to strengthen, with Gahcho Ku\u00e9 recording its highest ever level of spending with NWT businesses in 2023.\u201d<\/p>\n
According to the NWT Bureau of Statistics, diamond mining is the largest contributor to the NWT\u2019s Gross Domestic Product, representing C$588 million of the territory\u2019s C$4.25 billion GDP in 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"
De Beers Group and Mountain Province Diamonds have announced a significant milestone for their joint venture, the Gahcho Ku\u00e9 mine. Since the mine’s construction began in 2015, procurement spending with businesses in the Northwest Territories (NWT) has surpassed C$2 billion. This achievement represents 61% of the total C$3.2 billion spent on procurement for the mine,…<\/p>\n","protected":false},"author":1,"featured_media":26645,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-26644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n