Aboriginal Groups to Square Off Against De Beers

Diamond Investing

CBC News reported that next week, three aboriginal groups from Canada’s Northwest Territories will square off against diamond giant De Beers. The groups want the company to reduce the amount of chloride it is pumping into Snap Lake.

CBC News reported that next week, three aboriginal groups from Canada’s Northwest Territories will square off against diamond giant De Beers. The groups want the company to reduce the amount of chloride it is pumping into Snap Lake.

As quoted in the market news:

Since diamond mining began at De Beers’ Snap Lake almost a decade ago, the chloride content of the mineral water lake has been increasing to the point where there is now more than 100 times more chloride in the water than before the mine was built.

The chloride and other salts are coming from waste water being pumped from the underground mine into the lake. There is more water being pumped out of the mine than De Beers predicted..

The territorial government is threatening enforcement action against De Beers and is now taking water samples that could support a prosecution.

Click here to read the full CBC News report.

The Conversation (0)
×