Samiksha Jaiswal (Editor)

Snap Lake Diamond Mine

Updated on
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
Covid-19
Territory  Northwest Territories
Products  Diamonds
Website  De Beers Canada
Opened  2008
Country  Canada
Financial year  Annually
Company  De Beers
Snap Lake Diamond Mine NWT39s Snap Lake diamond mine halts operation De Beers says
Location  220 km (140 mi) northeast of Yellowknife

Snap Lake Mine is a remote fly-in/fly-out operation located about 220 km (140 mi) northeast of Yellowknife, Northwest Territories, and, according to De Beers, was De Beers first mine outside of Africa. It was also Canada's first completely underground diamond mine.

Snap Lake Diamond Mine De Beers considering Snap Lake closure MININGcom

Construction began with the opening of an access winter road in 2005. By the end of 2013, De Beers had spent US$1.8 billion on construction and mine operation. Of that total, De Beers spent US$1.3 billion with Northwest Territories-based contractors and suppliers, including US$723 million with Aboriginal businesses or joint ventures.

Snap Lake Diamond Mine De Beers Canada puts Snap Lake diamond mine up for sale

The mine began commercial production on January 16, 2008 and was officially opened on July 25, 2008. In 2013, Snap Lake Mine provided 776 person years of employment, including 274 person years of employment to Northwest Territories residents, close to the 300 NWT resident employees predicted during the mine’s environmental assessment. Approximately 400 people are working at the mine on any given day. Lifetime of the mine is estimated to be about 15 years. Resource estimates suggest 16.1 million carats over life of mine.

Snap Lake Diamond Mine De Beers39 Snap Lake Diamond Mine Up For Sale The Diamond Loupe

The Snap Lake mine was featured in Ice Road Truckers, a television series on The History Channel. The Snap Lake mine was also featured on the Canadian Discovery channel show Daily Planet as part of the special feature 'Daily Planet Goes North – More Ice for the Arctic'.

Snap Lake Diamond Mine Lake Diamond Mine

The mine is served by the Snap Lake Airport, a private airport that is strictly for cargo and passengers entering and leaving the remote site.

Snap Lake Diamond Mine Construction and Building Contractors Ledcor Group Ledcor Group

Closure

Snap Lake Diamond Mine Digging for Diamonds 247 Under Frozen Snap Lake WIRED

On December 4, 2015, De Beers announced that due to a drop in the market price of diamonds and a necessary costly license exemption they would stop production of diamonds at the Snap Lake Mine, putting it into "care and maintenance" state so that it could be re-opened at a later date if so desired. Approximately 70 employees would remain on the site as a result, but 434 were laid off.


Snap Lake Diamond Mine De Beers to close Snap Lake diamond mine BDI
Snap Lake Diamond Mine Snap Lake 10 things coming next for the dormant NWT mine My
Snap Lake Diamond Mine GoldSim Winter 2003 Newsletter

References

Snap Lake Diamond Mine Wikipedia


Similar Topics
Sing, Baby, Sing
Vagif Bayatly Oner
Tracey Challenor
Topics
 
B
i
Link
H2
L