N.W.T. Chamber of Mines suggests tax relief for territory’s struggling diamond mines – CBC

Apr 08, 2025

2 N.W.T. cabinet ministers met with mine owners last week to discuss the financial challenges

The executive director of the N.W.T. and Nunavut Chamber of Mines says easing property taxes is one way the N.W.T. government could support the territory’s struggling diamond mines.

Karen Costello, the chamber’s executive director, spoke to CBC News after the N.W.T.’s diamond mines reported hundreds of millions in financial losses in 2024, partially due to weak diamond prices and inflationary costs.

Read More: https://www.cbc.ca/news/canada/north/chamber-of-mines-suggests-tax-relief-diamond-mines-1.7504141