De Beers Group and Mountain Province Diamonds announced that their joint venture Gahcho Kué mine has surpassed CAD-Canadian $2 billion of procurement spend with businesses in the Northwest Territories (NWT) since construction of the mine commenced in 2015.
The milestone represents 61% of the total $3.2 billion spent on procurement for Gahcho Kué since 2015, in line with Gahcho Kué’s commitment to procure at least 60% of the goods and services required to build and operate the mine from companies located in the NWT.
Avischen Moodley, Country President – De Beers Canada, said: “This major economic milestone highlights the value Gahcho Kué 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.”
NWT and Indigenous businesses provide a wide range of goods and services to Gahcho Kué, including welding, transportation logistics, trucking support, passenger and cargo flights, labour services and camp catering.
Mark Wall, CEO of Mountain Province Diamonds, said: “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.”
According to the NWT Bureau of Statistics, diamond mining is the largest contributor to the NWT’s Gross Domestic Product, representing $588 million of the territory’s $4.25 billion GDP in 2023.
