NWT Metis Nation inks deal
SOMBA K'E/YELLOWKNIFE - De Beers Canada Inc. and Mountain Province Diamonds (TSX:MPV) have announced an impact benefit agreement with the NWT Metis Nation for the planned Gahcho Kue diamond mine.
The agreement puts in place a framework for De Beers and the NWT Metis Nation to work together to develop economic, environmental and cultural programs with Metis nation members.
Gahcho Kue is a joint venture between De Beers (which owns 51 per cent) and Mountain Province Diamonds (which owns 49 per cent) located 280 km northeast of Yellowknife. Gahcho Kue will employ up to 700 people during two years of construction and approximately 400 during the mine's projected 12-year operational life.
Behchoko upgrades Internet
SOMBA K'E/YELLOWKNIFE - Northwestel announced this week that it will launch 15 Mbps Internet service in Behchoko and Hay River.
The company is claiming the speed will triple what was previously available in either community.
The announcement is part of Northwestel's January 2013 modernization plan. Over the first year of the plan, Northwestel reports that it has invested almost $44 million as it launched 4G wireless service in 20 communities, upgraded Internet in four communities and installed new network switches in four other communities.
Northern Property to pay out
SOMBA K'E/YELLOWKNIFE - The Northern Property Real Estate Investment Trust (NPR.UN - TSX), also known as Northern Property, announced a December monthly distribution of $0.1358 per trust unit, payable Jan. 15 to holders of trust units as of Dec. 31.
Northern Property is Yellowknife's largest rental property owner, with a portfolio of buildings across the NWT, Nunavut, Alberta, Saskatchewan, Quebec and Newfoundland and Labrador. The company holds $1.65 billion in property made up of 10,681 rental units and 1.14 million square feet of commercial space.