Canadian diamonds a 20% ownership of the mine, and since its discovery and start of operation in 1998, Ekati has produced over 40 million carats of diamonds. The discovery and later success of this diamond mine caught the attention of other major mining operations, and more massive mines were opened and fully operational within 10 years. Located approximately 53 miles southeast of the Snap Lake Diamond Mine, the Gahcho Kue Diamond Mine Project is one of the richest diamond mines in Canada with an expected lifespan of 11 years. It is estimated that 54,000,000 carats will be recovered during the mine's lifetime.
Hugo Dummett on a "shoestring," staked some promising ground near Lac de Gras in 1989. Dummett took a new job with BHP Minerals in 1989, and convinced his new employer to lease their property. In 1991, BHP drilling on their leased claims found micro-diamonds, sparking one of largest claimstaking rushes in mining history. Under Dummet's direction, BHP eventually developed commercial diamond reserves in five pipes; the discovery pipe turned out to be non-commercial. BHP began the permitting process for the Ekati Diamond Mine in 1995, received final approval in 1997, and opened the mine late in 1998. By 2009, annual sales from