TORONTO, May 17 /CNW/ - De Beers Canada is pleased to announce the
release of our 2010 Report to Society at www.debeerscanada.com. This is the third annual report for De Beers Canada and presents a
summary of the company's contribution to sustainable development during
the 2010 reporting period. This report highlights our commitment to the
key areas of economics, ethics, employees, communities and the
"Sustainable development and corporate social responsibility are at the
core of our business approach at De Beers Canada," explains Tom Ormsby,
Director of External & Corporate Affairs for De Beers Canada. "In the
process of recovering rough diamonds, we work to minimize our impact on
the environment and maximize the benefits to all our stakeholders."
Some highlights of the report include:
De Beers Canada employed 1,087 people and injected approximately $474
million directly into the Canadian economy.
1.75 million carats were mined (Snap Lake Mine: 926,000; Victor Mine:
De Beers Canada is delivering on seven Impact Benefit Agreements and one
Working Agreement with Aboriginal communities.
C$5.9 million was invested through cash, in-kind and staff time for
Corporate Social Investment with a focus on education and literacy for
the communities near our mine sites.
At Snap Lake, $119 million was spent on operations contracts; $104
million (87 per cent) of this was supplied by northern businesses, and
$48 million (46 per cent) of this total were provided by Aboriginal
At Victor Mine, $93 million was spent on goods and services and $49
million (53 per cent) was supplied by Aboriginal businesses.
The feasibility study for the Gahcho Kué Project was completed and
submitted in 2010.
An 11,000 page Environmental Impact Study (EIS) was submitted for the
Gahcho Kué Project in December 2010.
The full Report to Society, including photos and audio clips, can be
downloaded from www.debeerscanada.com.
About De Beers Canada
De Beers has been active in Canada for nearly 50 years and is the only
diamond company in Canada with two operating mines. The Snap Lake Mine
is located in the Northwest Territories and is Canada's only fully
underground diamond mine. The Victor Mine in Northern Ontario is an
open pit mine and the first diamond mine in the history of Ontario. De
Beers Canada is also a Joint Venture Partner in the Gahcho Kué Project
in the Northwest Territories. Advanced exploration is currently
underway at the Victor Mine, targeting 15 previously identified
diamond-bearing kimberlite pipes.
About this report
The report is referenced against the Global Reporting Initiative G3
guidelines and indicators and our commitment as a signatory of the UN
Global Compact and supporter of the Millennium Development Goals. It
also introduces a systematic sustainability management framework
including our principles, policies, guidance materials and assurance
programs in place at our own operations and into our value chain. The
content of this report has been informed by issues identified as
relevant and material by our stakeholders, and the important insights
and evidence provided by our employees.
SOURCE De Beers Canada Corporation
For further information:
Mr. Tom Ormsby
Director, External & Corporate Affairs
Tel: 416 645 1710, ext. 2151