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
Luarica diamond mine of ore at an ore grade of per 100 cubic meters (43.2 mg/m³). There is a waste rock overburden of about 9.5 million cubic meters. Mining operations were suspended in May 2009 due to a decline in diamond demand caused by the late-2000s financial crisis. Trans Hex announced in August 2011 that it planned to withdraw from its two Angola joint-ventures with Endiama—Luarica and Fucauma—after failing to reach an agreement with the government of Angola (which owns the other major partner, Endiama). Endiama stated that it planned to restart operations alone. Luarica diamond mine The Luarica diamond mine is a