Anglo American, De Beers & Mountain Province Commission Gahcho Kué Diamond Mine

Mining and Exploration
03/08/2016 15:25

Anglo American has announced the commissioning of De Beers' (51%) and Mountain Province Diamonds' (49%) Gahcho Kué diamond mine in the Northwest Territories of Canada. Gahcho Kué - the world's largest new diamond mine - is expected to reach full commercial production in Q1 2017, producing an average of 4.5 million carats per year over its anticipated 13-year life. Ore from the mine is now being fed to the process plant to signal the formal ramp-up of diamond production. Kim Truter, Chief Executive Officer, De Beers Canada, said Gahcho Kué will have a significant impact on the diamond industry: “Gahcho Kué will not only strengthen De Beers in Canada, but ensure Canada remains the third leading diamond producer, by value, in the world."

Bruce Cleaver, CEO of De Beers, said: "The mine is an exceptional resource in terms of carat volume, value and its potential to create meaningful economic opportunity for the surrounding community." Mark Cutifani, Chief Executive of Anglo American and Chairman of De Beers, added: "Our successful development of Gahcho Kué is testament to the technical expertise of the entire project team, the sensitive approach we take towards our surroundings and the strength of the relationship with the community local to the operation. Discovering and bringing to fruition a new source of diamonds of this quality reminds us all of the rarity value of diamonds." Gahcho Kué is located about 280km north east of Yellowknife in the Canadian Northwest Territories.