De Beers Snap Lake Mine Releases 2008 Socio-Economic Results
- De Beers Releases 2008 Socio-Economic Results for Snap Lake Mine
By Press Release Posted: 05/31/09 04:20
RAPAPORT... Press Release - Yellowknife: De Beers Canada Inc. is pleased
to release its 2008 Snap Lake Socio-Economic Report summarizing the
companys contribution to the economic, social and cultural well-being of
the Northwest Territories.
Highlights in the report include:
Another $295.9 million spent in 2008, bringing the companys investment
on Snap Lakes construction and operations to $1.235 billion at the end
$218.7 million spent with NWT businesses (74 percent of total spend) and
$132.9 million spent with northern Aboriginal businesses or joint ventures
(61 percent of northern expenditure);
A transition from construction to operations that saw growth of the
companies northern workforce in absolute numbers to 274 people bringing
the company very close to achieving its NWT Residency target as forecast
during the environmental assessment;
15 Trades Trainees, 6 apprentices and 13 underground mine trainees
participating in northern training and development initiatives;
$1.9 million dollars spent on corporate and social investment of which
$1.2 million was spent on training and capacity building initiatives for
Completion of the sixth year of our De Beers Books in Homes Literacy
initiative, with over 17,000 books delivered to date to children in
communities close to our mine; and
The opening of our Cultural Centre at Snap Lake and the beginning of a
number of cultural based programs for employees.
In 2008 we finished construction and commissioning of the underground
crusher and conveyor system, we commenced commercial production in first
quarter, and we celebrated the official opening of the Snap Lake Mine with
close to 200 special guests in July, said Chantal Lavoie, Chief Operating
Officer. Our employees did an amazing job in 2008 and their resilience is
bringing us through the turbulent times of 2009.
The full report is available on De Beers Canadas website at
www.debeerscanada.com and can be picked up at the NWT/Nunavut Chamber of
Mines office in Yellowknife.
The Snap Lake Mine is located 220 kilometers northeast of Yellowknife and
was the first of two diamond mines opened in Canada De Beers in 2008.
For further information, visit www.debeerscanada.com.
For more information, contact:
Director External and Corporate Affairs
De Beers Canada Inc.
Tel: (867) 766-7325
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