SOCIO-ECONOMIC REPORT Details of Diavik Diamond Mining

NORTHWEST TERRITORIES DIAVIK DIAMOND MINES has submitted its annual socio-economic report to its advisory board.
NORTHWEST TERRITORIES DIAVIK DIAMOND MINES has submitted its annual socio-economic report to its advisory board. The report covers training, employment and business spending information as required under the terms of the company's Socio-Economic Monitoring Agreement.

During its first year of operations (2003), the Diavik mine spent nearly $252 million on operations and capital projects; 80% of the total was spent with northern businesses. Of the $78 million capital spending, 90% or $70 million went to northern companies. Of the $174 million spent on operations, 75% or $133 million went to northern firms.

Last year Diavik provided 611 person-years of employment. Its roster of workers were 73% from the north and 36% Aboriginal. By year-end 42 northerners had participated in community-based training courses. There were also 15 apprentices employed by Diavik and its contractors.

The Diavik Communities Advisory Board members include representatives of the Dogrib communities of Rae-Edzo, Wha Ti, Gameti, and Wekweti; the Akaitcho Dene communities of Dettah, N'dilo and Lutsel K'e; the Inuit community of Kugluktuk; the North Slave Metis Alliance; and the Government of the Northwest Territories.

The full report is available on the DDMI web site at www.diavik.ca or through the corporate office in Yellowknife (867-669-6500).

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