De Beers is Moving Forward With Massive Diamond Mine

As De Beers labels their most productive mines as being intheir golden years of production, De Beers files an environmental assessmentfor a mine purchased over six years ago. The new diamond mine is locatedNorthern Canada and is estimated to be online in 2014. The new mine is just intime for the recent increase in diamond demand.

“De Beers estimates that Gahcho Kue would create an averageof 360 full-time equivalent jobs during the 11-year life of the mine and up to700 full-time jobs during construction. The company says it will spend nearly$1 billion million on goods and services over the life of the mine, much ofthat in the North.”

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