The De Beers Group and Mountain Province Diamonds recently announced that the Gahcho Kue Mine has surpassed $2 billion of money spent with other businesses in the NWT.
Since 2015, the Mine had been planning to procure at least 60% of the materials and services needed to operate the mine with the help of other businesses. With this milestone passed, the mine currently sits at 61% of the total $3.2 billion they have set aside for this goal.
The CEO of Mountain Province Diamonds, Mark Wall, said in a statement, “Since the mine began, Gahcho Kué has had an impressive track record of socio-economic contributions and environmental stewardship in the NWT. That track record continues to strengthen, with Gahcho Kué recording its highest ever level of spending with NWT businesses in 2023.”
The Mine is supported by both NWT and Indigenous businesses, which provide them with services like welding, transport logistics, trucking, passenger and cargo flights, labour services, and camp catering.
Since 2006, $5.3 billion has been spent with local and Indigenous business in the Northwest Territories and Northern Ontario by Gahcho Kué and De Beers Group’s wholly owned Snap Lake (NWT) and Victor (Ontario) mines. In 2023, 69% of the Gahcho Kué mine spend was with NWT and Indigenous companies, totalling $228 million, the highest amount spent with NWT businesses since construction.
