News

Advanced Search

Diavik Diamond Mine Highlights 1H12 Business Impact

Jul 30, 2012 3:17 PM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... In its mid-year socioeconomic impact statement, Diavik Diamond Mines Inc. reported that combined capital and operating expenditures totaled $237.6 million with roughly 62 percent of that amount directly funding Canada's northern business community.  Nearly $62 million was spent with Aboriginal businesses for products and services used by the operators of the Diavik diamond mine.

As of June 30, Diavik and its contractors employed 36 apprentices, all of whom were northern, while 21 were Aboriginal. The Diavik mine has doubled the number of apprentices in the past two years and since 2003, 32 Diavik apprentices have successfully achieved journeyperson certifications.

The Diavik operation averaged 1,165 employees during the first half of 2012, and of these professionals, 642, or 55 percent,  were priority-hire Aboriginal and non-Aboriginal northern workers.

The Diavik diamond mine, located 300 kilometers northeast of Yellowknife, Northwest Territories is an unincorporated joint venture between Rio Tinto (Diavik Diamond Mines Inc.) and  Harry Winston Diamond Ltd.

Tags: diamond mines, Diavik, Jeff Miller
Similar Articles
Lucapa Lulo rough sale June 2017Wet Season Dampens Lulo Prices
Jun 19, 2017
Lucapa Diamond Company garnered $950,000 (AUD 1.25 million) in a sale of rough diamonds from its Lulo...
Dominion Ekati mineDominion Gains from Higher-Value Ekati Production
Jun 13, 2017
Dominion Diamond Corporation’s sales increased sharply in the fiscal first quarter as the miner shifted to a higher-value...
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2017 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.