DIAMONDS: Gahcho Ku, Tlicho government sign IBA

NORTHWEST TERRITORIES – The Gahcho Kué joint venture (De Beers Canada 51% and Mountain Province Diamonds 49%) and the Tlicho government have signed an impact benefit agreement for the new diamond mine under development 300 km northeast of Yellowknife.

"The Gahcho Kué Project is located within Mowhì Gogha De Nlltlee, an area which the Tlicho have traditionally used and occupied and the protection of the land, water, wildlife and our way of life has guided our negotiating team," said Grand Chief Eddie Erasmus. "This agreement confirms our relationship with De Beers [the operator], so that we will work together over the life of the mine to ensure there are many training, employment and business opportunities from the project for Tlicho citizens. It also includes financial provisions that enable the Tlicho government to participate in the opportunities that the project provides."

Gahcho Kué will employ close to 700 people during the next two years of construction and close to 400 people during the approximately 11 years of mine life. About 49 million ct of diamonds will be recovered.

Please visit MountainProvince.com to enjoy the Gahcho Kué video.