https://www.miningweekly.com

Gahcho Kué construction progresses beyond 70% completion mark

7th October 2015

By: Henry Lazenby

Creamer Media Deputy Editor: North America

  

Font size: - +

TORONTO (miningweekly.com) – Construction of the Gahcho Kué project, the world’s largest diamond mine currently under construction, located in Canada’s Northwest Territories, is more than 70% complete and construction remains within budget and on schedule for first production to start in the second half of 2016.

The TSX- and Nasdaq-listed company, which was developing the project in collaboration with 51%-partner and operator De Beers Canada, this week advised that detailed engineering and procurement were both complete and the process plant and truck maintenance buildings were on track to be enclosed by the end of October.

The safety performance at the C$859-million project also remained good, with no lost-time injuries over the past 18 months.

"Gahcho Kué continues to meet our lending group's tests-to-completion and further draw-downs against the company's $370-million project finance facility have been approved. We have drawn down $137-million against the facility and expect to have drawn down a total of $158-million by year-end," Mountain Province president and CEO Patrick Evans stated on Tuesday.

Staffing at Gahcho Kué had peaked at about 600 on-site employees and contractors and would start to decline in the months ahead as significant construction projects were completed. During production, there would be about 400 employees at Gahcho Kué.

Edited by Tracy Klückow
Creamer Media Contributing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

North Ridge Pumps
North Ridge Pumps

North Ridge Pumps is an independent manufacturer of pumps. We have a proven track record for product support and customer service throughout the...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.05 0.353s - 128pq - 2rq
Subscribe Now