September 16, 2014 11:51 AM ET

Metals and Mining

Company Overview of De Beers Canada, Inc.

Company Overview

De Beers Canada, Inc. engages in the exploration, mining, and marketing of rough diamonds in Canada. The company is based in Toronto, Canada. De Beers Canada, Inc. operates as a subsidiary of The De Beers Group.

900-250 Ferrand Drive

Toronto, ON M3C 3G8

Canada

Phone:

416-645-1710

Fax:

416-429-2462

Key Executives for De Beers Canada, Inc.

Acting Chief Executive Officer and Chief Operating Officer
Chief Financial Officer
Senior Vice President of Mineral Resource Management
Senior Vice President of Canadian Projects
Senior Vice President of Exploration Division
Age: 59
Compensation as of Fiscal Year 2014.

De Beers Canada, Inc. Key Developments

De Beers Canada Inc. and Mountain Province Diamonds Announces Impact Benefit Agreement with Tli Cho Government

De Beers Canada Inc. (De Beers) and Mountain Province Diamonds announced that De Beers, as Operator of the Gahcho Kue Project, has entered into an Impact Benefit Agreement (IBA) with the Tli cho Government for the proposed Gahcho Kue Mine. The agreement puts in place a framework for De Beers and the Tli cho Government to work together over the life of the mine enabling participation by the Tli cho in the opportunities that the mine provides.

De Beers Canada, Inc. Presents at Scotiabank 14th Annual Mining Conference, Dec-03-2013 08:00 AM

De Beers Canada, Inc. Presents at Scotiabank 14th Annual Mining Conference, Dec-03-2013 08:00 AM. Venue: Ritz Carlton, 181 Wellington St W., Toronto, ON M5V 3G7, Canada.

Canadian Federal Government Approves Gahcho Kué Diamond Mine Development of De Beers Canada and Mountain Province Diamonds

De Beers Canada and Mountain Province Diamonds announced that the Minister of Aboriginal Affairs and Northern Development Canada, the Hon. Bernard Valcourt, has approved the development of the Gahcho Kué diamond mine as recommended by the Mackenzie Valley Environmental Impact Review Board. Federal government approval allows the Mackenzie Valley Land and Water Board to commence processing of the applications for the Land Use Permit and Water License required to construct and operate the Gahcho Kué mine. Gahcho Kué will employ close to 700 people during the two years of construction and close to 400 people during its operations phase. It is forecast to produce an average of 4.5 million carats annually over the eleven year mine life. Gahcho Kué is a joint venture between De Beers (51%) and Mountain Province Diamonds (49%) and is located 280 km northeast of Yellowknife, Northwest Territories. Given the expected timing for the issuance of a land use permit to enable pioneer work to commence, which requires approximately 42 days for processing, as well as the impact of the winter ice road on logistics, the joint venture is currently reassessing the Gahcho Kué development plan to determine the optimal development schedule. In addition, the joint venture is also updating the 2010 Gahcho Kué feasibility study and expects to announce the results of an Optimization Study early in the New Year.

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