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Gahcho Kué Mine Reaches Commercial Production
Mar 2, 2017 9:44 AM
By Rapaport News
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RAPAPORT... The Gahcho Kué mine in Canada achieved commercial production
on Thursday, joint owners De Beers and Mountain Province Diamonds reported.
This means the mine is capable of operating in the manner its
management intended, the companies said in a joint statement Thursday.
“Today marks a significant landmark for De Beers in Canada
as Gahcho Kué becomes an important contributor to the group’s global production,”
said Bruce Cleaver, chief executive officer of De Beers.
Production ramp-up began on August 1 of last year, with the
mine officially opening on September 20. The project is expected to produce
about 54 million carats of rough diamonds over its lifetime and add $3.97
billion (CAD 5.3 billion) to the economy of Canada’s Northwest Territories,
according to the statement.
De Beers owns 51 percent of the mine, with Mountain Province
holding the rest.
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Tags:
Bruce Cleaver, Canada, De Beers, Gahcho Kué, mountain province, Mountain Province Diamonds, northwest territories, Production, Rapaport News, Rough Production
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