Tag Archives: Snap Lake Diamond Mine

Canadian mines drive De Beers financial results

February 23, 2018

De Beers Group has released its preliminary financial results for 2017, with a number of changes attributed to developments in its Canadian mines—in particular, Gahcho Kué.

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Canada’s Snap Lake diamond mine on the market

August 10, 2016

De Beers is selling its Snap Lake diamond mine. The news was first reported by Reuters, which said De Beers had hired Bank of Montreal to find a suitable buyer.

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Gahcho Kué is more than 80 per cent complete

December 14, 2015

Mountain Province Diamonds says development of the Gahcho Kué diamond mine is on track, with first production slated for the second half of 2016.

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De Beers halts production at Snap Lake

December 7, 2015

De Beers is ceasing production at its Snap Lake mine in Canada’s Northwest Territories, putting it on care and maintenance and laying off 434 employees. The company says the decision comes after a review of the mine’s operation and current market conditions.

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De Beers Canada ramps up production at Snap Lake

January 4, 2010

Production at De Beers Canada’s Snap Lake Mine is expected to reach full production levels by the end of 2012, the company announced.

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De Beers Canada’s Snap Lake investment tops $1.2 billion

July 20, 2009

De Beers Canada spent $296 million last year on construction and operations at its Snap Lake diamond mine in the Northwest Territories, bringing its total investment to $1.235 billion.

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Canadian diamond to take to the heavens

June 15, 2009

When astronaut Julie Payette next blasts off into space, she’ll be taking a little bit of home with her: a 2.89-carat Canadian rough diamond to be exact.

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De Beers Canada shutting down Snap Lake mine for 10 weeks

January 19, 2009

About 400 workers at the Snap Lake diamond mine will take a forced leave later this year as De Beers Canada shuts down operations to conserve cash.

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De Beers cuts the red ribbon on Canadian diamond mines

August 5, 2008

The Snap Lake and Victor mines are officially open for business. After several years and an investment of more than $1 billion each, De Beers launched Canada’s fourth and fifth diamond mines late last month.

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