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Gahcho Kué Mine ‘to Add $5B’ to Canada’s GDP
Sep 8, 2016 10:51 AM
By Rapaport News
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RAPAPORT... Gahcho Kué, De
Beers newest diamond mine in Canada, will provide a $5.2 billion (CAD 6.7
billion) boost to the nation’s economy, the mining company claimed.
The development of the
mine between 2006 and 2015 already added $340.6 million (CAD 440 million) to
the economy of the Northwest Territories, where the mine is located, according
to a report published by accountancy firm EY for De Beers. Almost 90 per cent of Gahcho Kué’s economic
impact will come once the mine becomes fully operational.
“In the 50 years we
have been in Canada, we have seen how our business can be a catalyst for
delivering both economic and social value, locally, regionally and across the
country,” said Kim Truter, chief executive officer of De Beers Canada.
Canada’s gross domestic product (GDP) stood at $1,550.5
billion in 2015, according to Trading Economics.
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Tags:
Canada, De Beers, EY, Gahcho Kué, northwest territories, Rapaport News
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