Burgundy Diamond Mines Shares 2024 Socio-Economic Achievements
Burgundy Diamond Mines Shares 2024 Socio-Economic Achievements
CALGARY, Alberta — Burgundy Diamond Mines Limited (ASX:BDM) has unveiled its 2024 Socio-Economic (SEA) Report, outlining significant progress in safety, operations, and their social impact specifically relating to the Ekati Diamond Mine.
This annual report integrates Burgundy's dedication to sustainable business practices while aligning with mutual goals for delivering economic benefits to the North, as stipulated by the Mineral Resources Act and in partnership with the Northern Territories government.
“Our report profoundly illustrates our devotion to responsible mining alongside the collaborative relationships we nurture with northern communities and governmental entities,” stated Kim Truter, CEO of Burgundy Diamond Mines. “As the leading G7 producer of natural diamonds, we are committed to actively reducing our environmental footprint while managing our operations with transparency, ethics, and accountability for the good of all our stakeholders.”
2024 Socio-Economic Highlights:
- Contributed $5.1 million across Canada's North through Impact Benefit Agreement payments, community contributions, and sponsorship initiatives.
- Employed a total of 1,242 staff members, comprising 700 direct employees and 542 contractors, with 28% being northern residents, 60% of whom represent northern Indigenous peoples.
- Allocated $431 million on business operations, where 68% was disbursed to Indigenous partners and northern businesses; Indigenous expenditures comprised 49% of Burgundy’s overall spending.
- Invested in workforce development via safety programs, training sessions, and apprenticeships; 51 individuals received accolades for their innovative safety enhancements across all operations.
- Secured Burgundy’s position as the largest G7 producer of natural diamonds, delivering 4% of the world’s rough diamonds supply.
- Noteworthy milestone of 100 million carats mined over 26 years of continuous production at the Ekati Diamond Mine.
Burgundy encourages those interested to explore the comprehensive report to further understand their impacts and contributions.
About Burgundy Diamond Mines Limited
Burgundy Diamond Mines stands as a premier independent diamond company on a global scale, committed to capturing the entire value spectrum of its unique vertically integrated model.
Burgundy’s innovative blueprint is dedicated to maximizing profits throughout the diamond industry value chain, such as mining, production, cutting, polishing, and diamond sales. By developing a well-rounded portfolio of diamond ventures in favorable jurisdictions, including the esteemed Canadian mining asset Ekati and a diamond cutting and polishing center in Perth, Burgundy ensures traceability across every production stage. This robust business model safeguards ethical diamond production from extraction to marketing.
Investor Enquiries:
For further information regarding investment opportunities, individuals may reach out via:
Email: investor@burgundydiamonds.com
Media Enquiries:
For press-related inquiries, please connect at:
Email: communications@burgundydiamonds.com
Frequently Asked Questions
What is the focus of the 2024 Socio-Economic Report?
The report emphasizes Burgundy Diamond Mines' achievements in safety, operations, and their social contributions, particularly regarding the Ekati Diamond Mine.
How much did Burgundy Diamond Mines contribute to Northern communities?
The company contributed $5.1 million across Canada’s North through various initiatives including donations and sponsorships.
What percentage of employees are from Northern communities?
Out of the 1,242 employees, 28% were northern residents, with 60% of them identifying as northern Indigenous peoples.
What is Burgundy's position in the global diamond market?
Burgundy is recognized as the largest G7 producer of natural diamonds, accounting for 4% of the global rough diamond supply.
How does Burgundy ensure ethical production of diamonds?
The company has established a vertically integrated model that allows for transparency and traceability throughout the entire diamond value chain.
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