The Gahcho Kué Mine had a record year of spending with NWT businesses – totalling $228 million – in 2023 since its construction started nine years ago.
And De Beers Group and Mountain Province Diamonds today announced their joint venture at Gahcho Kué has surpassed $2 billion of procurement spending with businesses in the Northwest Territories since construction of the mine commenced in 2015.
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.
Avischen Moodley, president De Beers Canada, stated in a release:
“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.”
Mark Wall, CEO of Mountain Province Diamonds, stated: “Since the mine began, Gahcho Kué has had an impressive track record of socio-economic contributions and environmental stewardship in the NWT.”
The $2 billion milestone represents 61 per cent 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 per cent of the goods and services required to build and operate the mine from companies located in the NWT.
Gahcho Kué has also made significant payments to Indigenous communities in terms of six Impact Benefit Agreements and has paid resource royalties to the Government of the NWT.
Gahcho Kué mine is located 280 kilometres northeast of Yellowknife.
