HomeDiamonds & GemstonesDe Beers commissions world's largest new diamond mine

De Beers commissions world’s largest new diamond mine

The Gahcho Kue mine is expected to reach full commercial production in the first quarter of 2017.

The joint venture which De Beers holds 51% of and Canadian diamond mining company Mountain Province Diamonds holds 49%, is projected to produce an average of 4.5 Mctpa over an anticipated life of 13 years.

[quote]Bruce Cleaver, CEO of De Beers says starting the ramp up to production at Gahcho Kué – on time, on budget and in a challenging environment – is a remarkable achievement from the team.

“The mine is an exceptional resource in terms of carat volume, value and its potential to create meaningful economic opportunity for the surrounding community,” says Cleaver.

Mark Cutifani, CEO of Anglo American and Chairman of De Beers, adds: “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 everyone of the rarity value of diamonds.”

Gahcho Kué is located about 280 km north east of Yellowknife in the Canadian Northwest Territories.