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
Keith Peterson and Director until 2002. The Kitikmeot Corporation is the wholly owned Inuit Birthright development corporation of the Kitikmeot Inuit Association. They invest land claims payments in business ventures to create economic wealth for Kitikmeot Inuit. From 1991 until 2004 Peterson provided political, social and business advice to the Kitikmeot Inuit Association. He was the KIA's lead negotiator for benefits agreements with Northwest Territories and Nunavut based mines, including Echo Bay Mines (Lupin Mine), Tahera Diamonds (Jericho Diamond Mine), Miramar Gold Mine (until he was elected MLA), BHP Ekati (Ekati Diamond Mine), and Diavik Diamond Mine. He was a member of