Gahcho Kué Diamond Mine Opens
Aerial view of the Gahcho Kue project site looking south-east. ahcho Kué, the world’s largest new diamond mine in the last 13 years, officially opened on September 20. The mine, a joint venture between De Beers (51%) and Mountain Province Diamonds (49%), is expected to produce approximately 54 million carats of rough diamonds from 35 million tonnes of ore over its lifetime.
A fly-in/fly-out remote mine site situated approximately 280 km northeast of Yellowknife in the Northwest Territories (NWT) of Canada, Gahcho Kué remains on track to reach full commercial operation in the first quarter of 2017. Comprising three open pits, the mine will employ 530 people full-time, with the majority working a two-week in/ two-week out rotation.
The mine was opened officially by De Beers Group chairman and Anglo American chief executive Mark Cutifani, De Beers Group CEO Bruce Cleaver, De Beers Canada CEO Kim Truter, Mountain Province Diamonds CEO Patrick Evans, and representatives of First Nations and Metis communities in the Northwest Territories at an event that included 150 guests from across Canada and around the world.
Canada is the world’s third largest diamond producer by value and the fifth largest by volume. Underpinned by a $1 billion capital investment, the development of Gahcho Kué between 2006 and 2015 has already provided a C$440 million boost to the NWT economy, according to a recent socio-economic impact study conducted by Ernst & Young for the De Beers Group of Companies.
More than 90% of Gahcho Kué’s economic impact will be delivered once the mine becomes fully operational, equivalent to a further C$5.3 billion in Gross Value Added (GVA) to the NWT. Including its