Gahcho Kue Diamond Mine Could Offset Economic Bust in Canada’s North

Israeli Diamond Portal.com reports that there is hope that the Gahcho Kue mine will open in Northern Canada, despite some environmental concerns, because of the economic promise it holds.

The story is quoted as saying:

De Beers, which owns the Gahcho Kue project jointly with Mountain Province Diamonds, assesses that a mine at the site would create about 700 jobs while under construction and some 360 jobs for its 11-year lifespan. The final feasibility study for the Gahcho Kue project said that the mine could yield a total of 49 million carats of rough diamonds, with an annual diamond production of 4.45 million carats with an average per-carat price of $102.48.

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