Socio-Economic & Community Commitments
Mining companies today are committed to working with communities and governments to create meaningful benefits in the regions where they operate. Through various agreements, efforts are focused on such goals as training, employment, and business.
NWT Diamond Benefits
The Northwest Territories’ diamond mines continue to provide significant socio-economic benefits to NWT residents and businesses while generating substantial revenues to the territorial government, according to the 2018 Socio-Economic Agreement Report for diamond mines operating in the Northwest Territories. The report, tabled by the NWT Government in May 2019, in the legislative assembly, includes introductory messages as well as business and economy, employment and participation, training, wellness, and engagement sections.
Highlights of the 29-page report, which includes information and data spanning the period from 1996 through 2017, show the NWT diamond mines have generated the following:
- $14.6 billion spending with northern businesses (70% of total spend)
- $6.4 billion spending with northern Indigenous businesses
- Nearly $100 million in annual revenues to GNWT (yearly average over past decade)
- 44% of GNWT annual tax revenue (over past three years)
- $71.3 million royalties annually (average since 2008-09)
- 37.3% of territorial GDP in 2017
- 27,612 person years of northern employment (49% of total)
- 13,741 person years of northern Indigenous employment (50% of northern workforce)
To learn more about the benefits the NWT’s diamond mines provide, please see their most recent socio-economic reports here:
Download the Chamber of Mines publication, NWT Diamonds 25th Anniversary Publication, released in November 2016. An additional resource is: "Measuring Success 1996-2016: NWT Diamond Mines Continue to Create Benefits", released in November 2017. Both provide excellent summaries of benefits from the NWT diamond mines.
Links to the mines’ socio-economic agreements and other resources are found below.