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
Jericho Diamond Mine on certain covenants of their investment agreement, but is working with Shear to find funding or a purchaser. The mine was developed, opened and operated by Tahera Diamond Corporation. The company was provided with CAN $35 million loan by Tiffany & Co. to assist in construction of the site, as part of a marketing alliance. The mine produced diamonds from 2006 to February 2008, and was Tahera's only mining operation. The company reported financial losses in 2007 due to operational difficulties, the high value of the Canadian dollar, high oil prices, and the short operating season of the Tibbitt to