30 July 2012
Mid year socio economic highlights
Yellowknife, NT - Diavik Diamond Mines Inc., operator of the Diavik Diamond Mine, is pleased to release its 2012 mid year socio-economic monitoring report, which provides a detailed summary of our annual training, employment, and business initiatives. Highlights include:
• Training: At mid year, Diavik and its contractors employed 36 apprentices; all northern and 21 who are Aboriginal. Over the past two years, we have doubled the number of Diavik apprentices. Since 2003, 32 Diavik apprentices have successfully achieved journeyperson certifications.
• Employment: At June 30, the Diavik operations workforce averaged 1165 people. Of these, 642 (55 per cent) were priority hire Aboriginal and non-Aboriginal northern workers.
• Business: During first half 2012, Diavik's combined capital and operating expenditures were CDN $237.6 million. Of this, $146.7 million (62 per cent) was with northern business. Of the northern expenditures, $61.7 million was with Aboriginal business. Northern cumulative spending is $3.8 billion, of which $2.1 billion is with Aboriginal businesses and their joint ventures.
• Benefits to local communities: During the first six months of the year, Diavik's employee donations committee supported over 40 local initiatives with funding of approximately $125,000.
The full report is included in the reports and publications section of our web site at diavik.ca.
The Diavik Diamond Mine, located 300 km. northeast of Yellowknife, Northwest Territories is an unincorporated joint venture between Diavik Diamond Mines Inc. (60%) and Harry Winston Diamond Limited Partnership (40%). Both companies are headquartered in Yellowknife, Canada. Diavik Diamond Mines Inc. is a wholly owned subsidiary of Rio Tinto plc of London, England, and Harry Winston Diamond Limited Partnership is wholly owned by Harry Winston Diamond Corporation of Toronto, Canada. For further information contact Doug Ashbury, Adviser Communications at Tel: (867) 669-6500, or visit diavik.ca.