Diavik Diamond Mine Diavik Diamond Mine The Diavik Diamond Mine is a diamond mine in the North Slave Region of the Northwest Territories, Canada, about northeast of Yellowknife. Diavik Diamond Mine is an industrial complex set in a remote, sub-Arctic landscape. It consists of four kimberlite pipes associated with the Lac de Gras kimberlite field and is located on an island in Lac de Gras and is informally called East Island. It is about south of the Arctic Circle. In the 2015 satellite image below, one can see the two main open pits, waste rock pile, and an airstrip capable of landing aircraft
Kelsey Lake Diamond Mine settled the lawsuit but in September 1997 Redaurum decided to liquidate its diamond properties to concentrate on exploration. The mine was operated sporadically until the operation was acquired by McKenzie Bay International Ltd. in 2000. McKenzie bought the mine management firm Diamond Co. from Chapter 11 bankruptcy, transferred all its assets to a subsidiary, Great Western Diamond Co., and invested $2 million in new equipment for the mine. In 2001, McKenzie tried to sell the mine to focus on mining vanadium after the price of that metal rose dramatically. However, due to a dispute with the landowner over royalty payments,