De Beers has announced that its Victor mine in northern Ontario, Canada, will “complete mining and production activities in the first quarter of 2019 once the current open pit is depleted and in line with the original feasibility study and current mine plan”.
The Victor kimberlite cluster was discovered in 1987. Production at Victor mine began in July 2008, and the mine was forecast to produce six million carats during its mine life. According to De Beers, the mine has exceeded these projections, producing approximately seven million carats to date.
Kim Truter, CEO of De Beers Canada, said: “Victor mine has made a significant contribution to De Beers and to Canada […] While we are focused on continuing to maintain production for the duration of operations, we are also planning responsibly for Victor mine’s closure in line with the agreed mine plan […]”.
