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De Beers Canada Publishes Annual Report to Society

Operations Help Boost Canada's Economy by $474M

May 17, 2011 11:56 AM   By Jeff Miller
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RAPAPORT... De Beers Canada released its 2010 sustainable development report meant to highlight the company's annual commitment to key areas of local economics, ethics, employees, communities and the environment.

Highlights from the report included the fact that  De Beers Canada employed 1,087 people and injected approximately $474 million into Canada's economy.  The group mined 1.75 million carats, with 926,000 carats coming out of Snap Lake and 826,000 carats from Victor. De Beers Canada invested approximately $6 million through cash, in-kind and staff time for corporate social investment with a focus on education and literacy for the communities near mining properties.

De Beers'  Snap Lake service contracts  totaled  $119 million in 2010 and $104 million, or 87 percent, were supplied by northern businesses while $48 million of that amount came from  Aboriginal suppliers.  At Victor, $93 million was spent on goods and services and $49 million, or 53 percent, was supplied by Aboriginal businesses.

"Sustainable development and corporate social responsibility are at the core of our business approach at De Beers Canada," said Tom Ormsby, director of external and corporate affairs for De Beers Canada. "In the process of recovering rough diamonds, we work to minimize our impact on the environment and maximize the benefits to all our stakeholders."

De Beers Canada report to society  can be downloaded from
www.debeerscanada.com
.

Tags: Canada, De Beers, Jeff Miller, report, sustainable
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