Burgundy Diamond Mines (ASX:BDM) is pleased to provide its 2023 Socio-Economic Agreement Report.
The Socio-Economic Agreement Report is published annually and highlights the numerous ways our operations at Ekati Diamond Mine provide social and economic benefits to Canada’s North. The report summarizes key performance metrics covering safety, employment, environment, community investment and northern business expenditures.
Burgundy Diamond Mines’s commitment to sustainable development and contributions towards local communities, specifically benefiting local Indigenous peoples including First Nations, Inuit and Métis, are outlined in the report.
The report provides information about Impact Benefit Agreement (IBA) partnerships with four Indigenous communities, which for Burgundy Diamond Mines includes the Hamlet of Kugluktuk & Kitikmeot Inuit Association, Akaitcho Treaty 8 (Yellowknives Dene First Nation & Lutsel K’e Dene First Nation), Tłı̨chǫ Government and North Slave Métis Alliance.
“As Canada’s largest diamond producer, Burgundy’s focus to extend mine life at Ekati can only be achieved through our valued relationships with local community members, the Government of Northwest Territories and Indigenous partners. The Socio-Economic Agreement Report released today highlights our contributions and how we are working collaboratively to advance economic and social benefits for northern communities,” said Kim Truter, Chief Executive Officer and Managing Director at Burgundy Diamond Mines.
Key information in the report demonstrates Burgundy’s commitment to a safe work environment and highlights responsible and ethical mining practices through programs that support our environmental and social impact targets. The report also highlights significant community investment, through IBA provisions, northern and Indigenous contractor spend, community projects, donations, and scholarships. This year there was increased spending with northern and Indigenous businesses as well a keen focus on local northern resident recruitment and providing training and development to support for our diverse workforce.
“I am proud of the socio-economic progress we have made in 2023 and look forward to continuing Ekati mine’s legacy as a major contributor to the economy of the North,” said Kim Truter.
To view the full 2023 SEA Report please visit burgundydiamonds.com/reports-resources.
