De Beers Canada Inc
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DIAMONDS: De Beers consolidates Canadian, South African assets
CALGARY and JOHANNESBURG – De Beers Group has decided to merge its mining assets in Canada and South Africa under the name De Beers Group Managed Operations. The change is expected to create a more sustainable business and to streamline…
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DIAMONDS: De Beers looking to get in on Kennady action
TORONTO – Mountain Province Diamonds and its joint venture partner at the Gahcho Kue diamond mine, De Beers Canada, have signed a non-binding memorandum of understanding that covers properties owned by Kennady Diamonds with the goal of rolling them into…
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EDUCATION: De Beers Canada launches scholarships for women STEM students
CALGARY – De Beers Canada is launching four new scholarships for first year, full time women studying science, technology, engineering and mathematics (STEM) programs at the University of Waterloo in Ontario. These grants are part of De Beers’ UN Women…
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DIAMONDS: Dominion Diamond’s new chapter
One of the biggest deals to hit the diamond world recently is the sale and privatization of Dominion Diamond, Canada’s premier diamond miner and the world’s third largest producer of rough diamonds by value. The sale gives Montana-based Washington Companies a 100%…
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DIAMONDS: De Beers to finish Victor mining in Q1 2019
ONTARIO – The De Beers Group announced on Nov. 1 that the Victor mine in Northern Ontario will be closed in the first quarter of 2019. Reserves will be exhausted at that time in line with the original feasibility study…
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DIAMONDS: De Beers, Yellowknives partner for maintenance at Snap Lake
NORTHWEST TERRITORIES – Calgary-based De Beers Canada has created a new partnership with the Det’On Cho Corp. (DDC) for the care and maintenance of the Snap Lake diamond mine. The corporation is the business development arm of the Yellowknives Dene…
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DIAMONDS: De Beers helps fund book of cultural lessons for Tljcho youth
TORONTO – De Beers Canada has contributed $15,000 toward a new book that captures key cultural lessons for Tljcho youth. The book, Tljcho Whaehdoo Godii (Tljcho Storıes from Long Ago), and an accompanying teachers’ guide were launched recently at an…
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DIAMONDS: Gahcho Kue yields two more large stones
NORTHWEST TERRITORIES – Two more very large diamonds – 84.65 and 53.90 carats – were recovered in April from the Gahcho Kue mine 280 km northeast of Yellowknife. The mine is a joint venture of Mountain Province Diamonds (49%) and…
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DIAMONDS: Mountain Province makes first diamond sale
NORTHWEST TERRITORIES – Mountain Province Diamond of Toronto has made its first sale of diamonds from the Gahcho Kue mine 280 km northeast of Yellowknife. The company owns 49% of the mine, and the operator, De Beers Canada, holds the…
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Early diamonds launch Gahcho Kue mine
If the logistics of building a $1 billion diamond mine 400 kilometres south of the Arctic Circle sound daunting, try organizing its opening ceremony. With a guest list of 150 investors, aboriginal chiefs, politicians, company officials and media from as…
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DIAMONDS: Snap Lake mine to be flooded
NORTHWEST TERRITORIES – Unable to find a buyer, De Beers Canada has decided to go forward with putting the Snap Lake diamond mine on extended care and maintenance. In effect, this means flooding the underground mine. De Beers said the…
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DIAMONDS: De Beers puts Snap Lake mine up for sale
NORTHWEST TERRITORIES – De Beers Canada of Calgary has decided to see if the Snap Lake diamond mine 220 km northeast of Yellowknife can be sold. The company has engaged the Bank of Montreal to market the property. The mine,…
