Ekati Diamond Mine and Stewart Blusson who had been prospecting in the region for almost ten years, having found kimberlite indicator minerals as early as 1985. The Point Lake kimberlite was determined to be uneconomic, but its discovery precipitated one of largest staking rushes in mining history, covering most of the area between Yellowknife and the Arctic coast. There are 156 known kimberlite pipes within the Ekati block of claims, including the Point Lake pipe. Ekati officially began operations on October 14, 1998, and was operated by BHP Billiton Canada Inc., a part of the BHP Billiton Group, the world's largest diversified resources
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