As per the Environmental Agreement, EMAB is funded by Diavik. EMAB manages these funds in a fiscally prudent, reasonable and cost-effective manner. For special research or projects greater than the annual budget, the agreement allows EMAB to submit proposals to Diavik.
EMAB is a registered not-for-profit society of the Northwest Territories.
The Environmental Monitoring Advisory Board (EMAB), Diavik Diamond Mines Inc., the Minister of Indian and Northern Affairs Canada and the Government of the Northwest Territories received an Arbitration Award regarding a funding issue under the Environmental Agreement on January 16, 2011. A Supplemental Arbitration Award, in reply to a clarification request by EMAB, was received on February 24, 2011.