Arctic Canadian Diamond Company and IHC Mining Jointly Developing Innovative Underwater Remote Mining System

CALGARY, Alberta, Feb. 22, 2022 (GLOBE NEWSWIRE) — Arctic Canadian Diamond Company (“Arctic”) and IHC Mining have reached an important milestone in the development of an underwater remote mining (URM) system for the extraction of diamond-bearing kimberlite ore from deep open pits at the Ekati Diamond Mine in the Northwest Territories of Canada. The URM system consists of a floating platform, an underwater mining crawler and a land based dewatering plant. Arctic has now awarded IHC Mining with a contract to build and deliver a Launch and Recovery Platform for the URM system. This contract is the first major equipment scope being awarded by Arctic for the URM system, following years of development work.