Platinum’s rare nature gives it additional value and appeal

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Marco Carniello: We want to continue to be the engine boosting the jewellery industry

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There is a significant need for smart and technological financial solutions in the diamond industry

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The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

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De Beers Canada Eyes Victor Mine Expansion

22 january 2014

De Beers Canada is proceeding with environmental studies in the interest of expanding its Victor diamond mine in the James Bay Lowlands of Northern Ontario, which is located approximately 90 kilometers west of the coastal community of Attawapiskat First Nation, Diamondintelligence.com reported.
De Beers Canada spokesman Tom Ormsby said that while it is still early, there have been preliminary discussions with the Cree community about what this project, called the "Tango," extension would mean, reports Canada's CBC News. "We're committed to staying the course here with the community and hopefully extending this mine," he said, as quoted by the news source.
The open-pit Victor Mine is one of 18 kimberlite pipes discovered on the property, 16 of which are diamondiferous. Construction of the Victor Mine began in February 2006 after receiving all necessary approvals from provincial and federal governments. The Victor Mine officially opened in July 2008.
According to Ormsby, De Beers and Attawapiskat appear to have moved past tensions related to roadblocks of the existing Victor mine from last winter. He further told the news source that if De Beers goes ahead with this new project, there could be a re-negotiating of the impact benefit agreement with the Attawapiskat First Nation.
"We're not there yet. We hope to make this go, but there's still some hurdles we need to accomplish to get various approvals and the final data to say 'Yes, this is going to be economic'," Ormsby said, as quoted by CBC News.
If all goes well, Ormsby said that mining at the Tango site near Attawapiskat would begin in 2018.