Canada’s Department of Indian Affairs and Northern Development has appointed privately held Diamonds International Canada (Dican) as its official diamond valuator for the determination of federal and territorial taxes generated by the Ekati mine of BHP Minerals (BHP-N) and Dia Met Minerals (DMM-T).
Based in Yellowknife, N.W.T., Dican is 51%-owned by Aboriginal Diamonds Group and 49%-owned by WWW International Diamond Consultants.
Aboriginal Diamonds’ ownership is divided equally among Nishi Khon Enterprises, Deton’Cho Corp. and Kitikmeot Corp., representing the interests of the Dogrib nation, Yellowknife-Dene first nations and the Kitikmeot Inuit Association, respectively.
London-based WWW is staffed by rough-diamond valuators from London, Antwerp, Johannesburg and Canada who will train Canadian aboriginals, federal officials and others in the art of diamond valuation.
Mining projects in the Northwest Territories are required to pay three categories of taxes on profits: a federal corporate income tax; a territorial corporate income tax; and a sliding mining royalty collected by the Department of Indian Affairs and Northern Development.
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