Industry

Diamond mines to receive ‘targeted’ financial relief from territorial government

Measures a response to 'to urgent economic concerns,' from industry leaders and Indigenous development corporations, say cabinet ministers


The NWT’s largest industry and biggest contributor to the economy will receive targeted government financial relief in response to growing financial pressures and industry-wide uncertainty. The GNWT stated that its actions are designed to maintain economic stability, support local employment and businesses, and sustain decades of Indigenous economic partnership and…

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Det’on Cho beefs up portfolio with food-service distributor

Det’on Cho Management has acquired local food distributor Northbest Distributors Limited. Northbest is a full-line food-service industry distributor, since 1999 supplying food to stores, restaurants, mining camps, and institutions across the territory. Mark Lewis is president and CEO of Det’on Cho Management, the ever-growing financial arm of the Yellowknives Dene…