Tłı̨chǫ Government and Diavik renew participation agreement
YELLOWKNIFE (September 11, 2013) – The Tłı̨chǫ Government and Diavik Diamond Mine are pleased to announce the renewal of the Diavik Diamond Mines Inc. − Tłı̨chǫ Government Participation Agreement.
With the renewal agreement, signed in Whatì on September 11, both parties are demonstrating their continued commitment to ensuring that the Diavik Diamond Mine provides social and economic benefits for the Tłı̨chǫ people.
The renewal agreement applies to Diavik’s remaining mine life, currently projected to be to 2023, and reconfirms the parties’ commitments initially set out in the original 2000 participation agreement.
Details of the agreement remain confidential.
“The Tłı̨chǫ Government is pleased with the outcome of this updated agreement and the continued benefits that will be realized by the Tłı̨chǫ people for the remainder of the Diavik Diamond Mine,” said Tłı̨chǫ Grand Chief Eddie Erasmus. “This renewed agreement is a reflection of the strength of our relationship with Diavik.”
“This agreement reflects our continued commitment to ensuring that we do all we can to ensure that the Tłı̨chǫ people realize meaningful benefits, including continued training, employment, and business benefits,” said Diavik Diamond Mines Inc. President and Chief Operating Officer Niels Kristensen. “We pride ourselves on operating sustainably and key to this are the relationships built with our Aboriginal partners,” he added. “Our participation agreements, which we have with the Tłı̨chǫ Government and four other Aboriginal communities, are all based on mutual respect, active partnership, and long-term sustainable commitments.”
The Diavik Diamond Mine, located 300 km. northeast of Yellowknife, Northwest Territories, is an unincorporated joint venture between Diavik Diamond Mines Inc. (60%) and Dominion Diamond Diavik Limited Partnership (40%). Both companies are headquartered in Yellowknife, Canada. DDMI is a wholly owned subsidiary of Rio Tinto plc of London, England, and Dominion Diamond Diavik Limited Partnership is wholly owned by Dominion Diamond Corporation of Toronto, Canada.
For more information, contact:
Marjorie Matheson Maund