Victor Diamond Mine Victor Diamond Mine The Victor Diamond Mine is the first Canadian diamond mine located in Ontario, and De Beers' second diamond mine in Canada (after the Snap Lake Diamond Mine). It is located in the Northern Ontario Ring of Fire, in the James Bay Lowlands west of Attawapiskat in the remote northern part of the province. In June 2005, the Attawapiskat First Nation voted in favour (85.5%) of ratifying the Impact Benefit Agreement (IBA). Construction of the mine began in February 2006 which created 3200 positions; mining and operations will create around 400 permanent positions. The Victor Mine is an
Yellowknife came from gold mining, and later government; however, because of falling gold prices and increased operating costs, the final gold mine closed in 2004, marking a turning point for Yellowknife's economy. After a downturn in the 1990s during the closure of the gold mines and the downsizing of the government workforce in 1999, Yellowknife's economy has recovered, largely because of the diamond boom; the Ekati Diamond Mine, owned and operated by BHP Billiton (sold to Dominion Diamond Corporation in 2013), opened in 1998. A second mine, Diavik Diamond Mine, began production in 2003. Production from the two operating mines in