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
Merlin diamond mine mines worldwide, and a mere 5% gem-quality production at Australia's largest diamond mine, Argyle diamond mine. The high ratio of gem-quality diamonds is responsible for a relatively high value of $108 USD per carat (540 $/g). The known ore grade at Merlin is about 0.2 carats (40 mg) per tonne, although exploration continues under the mine's new owner. The largest diamond produced at the Merlin mine measured 104.73 carats (20.946 g), the largest ever found in Australia, and has been valued at over $525,000 USD . The mine and mining rights were sold by Rio Tinto Group, to Striker Resources,