Mountain Province Diamonds
Encyclopedia
Mountain Province Diamonds Inc. is major (49%) partner with De Beers
in the Gahcho Kue Diamond Mine Project
in the Northwest Territories
. Gahcho Kué is the largest diamond mine under development in the Western hemisphere with an estimated reserve of 50.5 million carats. The agreement between Mountain Province Diamonds and De Beers is one where both companies share the operating costs of the mine and each independently markets their share of the diamonds from the project.
De Beers
De Beers is a family of companies that dominate the diamond, diamond mining, diamond trading and industrial diamond manufacturing sectors. De Beers is active in every category of industrial diamond mining: open-pit, underground, large-scale alluvial, coastal and deep sea...
in the Gahcho Kue Diamond Mine Project
Gahcho Kue Diamond Mine Project
The Gahcho Kué Diamond Project is located on the Canadian tundra in the Northwest Territories. It is situated at Kennady Lake , in the Akaitcho Treaty 8 Territory AK claim block, which is southeast of the Snap Lake Diamond Mine Project and approximately east northeast of Yellowknife...
in the Northwest Territories
Northwest Territories
The Northwest Territories is a federal territory of Canada.Located in northern Canada, the territory borders Canada's two other territories, Yukon to the west and Nunavut to the east, and three provinces: British Columbia to the southwest, and Alberta and Saskatchewan to the south...
. Gahcho Kué is the largest diamond mine under development in the Western hemisphere with an estimated reserve of 50.5 million carats. The agreement between Mountain Province Diamonds and De Beers is one where both companies share the operating costs of the mine and each independently markets their share of the diamonds from the project.