The Gahcho Kue Diamond Mine Great Expectations in Canada
The Gahcho Kue project is the largest diamond mine under development globally, with a potential to become one of Canada’s major high-grade and long-lived diamond mines. Gahcho Kue is located in Canada’s Northwest Territories, 85 kilometers from the Snap Lake diamond project. It is owned by De Beers Canada (51%) and Mountain Province Diamonds Inc. (49%).
The project consists of the Gahcho Kue kimberlite pipes underneath Kennady Lake. According to Wikipedia, the mine is expected to produce 4,500,000 carats (900 kg) per year over an 11-year life.
According to Mountain Province’s website, exploration has determined that three kimberlite deposits have potential to be mined. Recently, Mountain Province has announced that overall mine development remains on schedule and within budget, with first production expected in the second half of 2016.