- Anglo American's (OTCQX:AAUKF, OTCPK:AAUKY) De Beers unit is shelving plans for a potential expansion project at a remote northern Ontario diamond mine after failing to get support from a neighboring aboriginal community.
- The Victor mine produces ~600 carats/year of diamonds and is scheduled to stop production in late 2018 and close in early 2019, but the company says the nearby Tango deposit could have added 5-6 years to its lifespan.
- De Beers Canada last year suspended its unprofitable Snap Lake mine and opened Gahcho Kue in the Northwest Territories; without Victor, the company would have just one producing diamond mine in Canada.