Frozen Assets

A Diamond Mine Project Team Had To Navigate Subarctic Territory To Strike It Rich

Diamonds are forever. Diamond mines are not. Each mine has a set carat count it's projected to produce in its limited lifespan. And how quickly a mine can ramp up production plays a large part in defining its long-term profitability. The Gahcho Kué diamond mine, located just below the Arctic Circle, is projected to produce 54 million carats over its 12-year lifetime and contribute CA$6.7 billion to the Canadian economy.
registered user content locked

Log in or join PMI to gain access

or Account Registration

Advertisement

Advertisement

Related Content

  • PM Network

    Popular Demands member content locked

    By Fister Gale, Sarah Flawless project execution can change lives. This year's PMI Project of the Year finalists went all-out to prove that. All three teams mastered intense requirements to deliver critical improvements…

  • PM Network

    Reality Check member content locked

    By Bodini, Francesca Massive infrastructure projects frequently gain attention not only for their architectural or technical features but also for their incredible cost overruns. Accurately estimating the costs of…

  • PM Network

    Transformation Stories member content locked

    By Patra, Priya Digital transformations are all the rage these days—and also a source of anxiety. CEOs and other business leaders say their top concern for 2019 is risks surrounding digital transformation,…

  • PM Network

    Panoramic Precision member content locked

    The project was as ambitious as the artwork is gargantuan. Five years ago, the Atlanta History Center launched a privately funded US$35 million initiative to restore and relocate The Battle of…

  • PM Network

    Close Encounters member content locked

    The world is moonstruck again. After several years of dormancy, projects to explore the moon are heating up in a major way: China, India, Russia, Israel, Germany and the United States all have…

Advertisement

Publishing or acceptance of an advertisement is neither a guarantee nor endorsement of the advertiser's product or service. View advertising policy.