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De Beers' Victor mine closing doors in 2019


Despite previous indications of the contrary, De Beers Canada has announced that its Victor mine, the first and only commercial diamond operation in the province of Ontario, is shutting down in early 2019. The mine, which began production in July 2008, was forecast to produce six million carats during its life and, according to De Beers, it has already exceeded those projections. To date, Victor mine has yielded about seven million carats and it will continue to operate at full production throughout its remaining life, De Beers said. more

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