De Beers closes its Canadan mine
Victor will run at full speed until early 2019, while Gahcho Kué ramps up
Another De Beers mine is coming to the end of its life, bringing to seven the operations closed or to close after the largest rough diamond miner by value told the market it would shut the Victor mine in Canada early in 2019. The closure of this opencast mine follows the shutting and subsequent flooding of the unprofitable Snap Lake underground mine in Canada in 2015. De Beers is close to deciding whether to close or sell its open-pit Voorspoed mine in SA, and a union leader told The Namibian Sun it would close four mines in Namibia in coming years. De Beers has not confirmed the comments from Mineworkers Union of Namibia Oranjemund branch chairman Mbidhi Shavuka, who was quoted as saying the four mines would close by 2022. De Beers CE Bruce Cleaver has overseen the launch of a large ship to mine diamonds off the Namibian coast. The company said Victor, in Ontario province, had produced 1-million carats more than its 6-million-carat target and would operate at full tilt until it clo...
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