N.W.T. government announces tax break, funding for ailing diamond mines

Northwest Territories government gives temporary support to diamond mines

Low diamond prices, inflation, supply chain issues and tariffs posing challenges for mines, government says

GNWT gives temporary support to diamond mines

Low diamond prices, inflation, supply chain issues and tariffs posing challenges for mines, government says

N.W.T. government announces tax break, funding for ailing diamond mines

The measures include a temporary reduction in property taxes paid by N.W.T. mines to the territorial government, and allowing Ekati and Gahcho Kue diamond mines to use around $4 million from a fund previously set aside for green projects to reduce mine emissions for general operations.

Canadian Govt. Issues Tax-Relief Measures for Diamond Sector

The Canadian government will implement targeted relief measures to support the diamond-mining sector and help it maintain economic stability amid the market downturn.  The move comes in response to growing financial pressures and industry-wide uncertainty, the Government of the Northwest Territories said Tuesday. The three diamond mines in the region — Diavik, Ekati and Gahcho Kué — represent its largest industry and the biggest contributor to t…

NWT commits millions to help prop up its diamond mines

The NWT is redirecting millions of dollars – including cash earmarked for emissions reduction projects – to help its three struggling diamond mines.