Snap Lake Diamond Mine Snap Lake Diamond Mine Snap Lake Mine is a remote fly-in/fly-out operation located about northeast of Yellowknife, Northwest Territories, and, according to De Beers, was the first De Beers mine outside of Africa. It was also Canada's first completely underground diamond mine. 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. The mine began commercial production on January
Charles E. Fipke a heavy mineral and diamond exploration research laboratory. In 1983, he founded Dia Met Minerals, which became listed on the Vancouver Stock Exchange in 1984. Dia Met was sold to BHP Billiton in 2001. In 1988, Fipke and partner Stu Blusson began a systematic search for diamonds in the Northwest Territories, leading to the discovery of the first diamond pipe in North America in November 1991 near Lac de Gras. The Ekati Diamond Mine is now located there. Fipke maintained a 10% interest in Ekati until 2014, when he sold his share to Dominion Diamond Corp. for . "I'm not