De Beers Canada, Tlicho Government Sign Impact Benefit Agreement

De Beers Canada Inc. and Mountain Province Diamonds Inc. (TSX:MPV,NYSEMKT:MDM) announced that De Beers Canada has entered into an impact benefit agreement with the Tlicho government for the proposed Gahcho Kue mine, located in Yellowknife.

Under the agreement, De Beers and the Tlicho government will work together throughout the mine’s life.

Grand Chief Eddie Erasmus commented:

The Gahcho Kué Project is located within Mǫwhì Gogha Dè Nı ı tłèè, an area which the Tłı cho have traditionally used and occupied and the protection of the land, water, wildlife and our way of life has guided our negotiating team.

This agreement confirms our relationship with De Beers, so that we will work together over the life of the mine to ensure there are many training, employment and business opportunities from the Project for Tłı cho citizens. It also includes financial provisions that enable the Tłı cho Government to participate in the opportunities that the Project provides.

Click here to read the full De Beers Canada Inc. and Mountain Province Diamonds Inc. (TSX:MPV,NYSEMKT:MDM) press release.