page_title: Jericho Diamond Mine
hierarchical_section_title: Jericho Diamond Mine
caption_attribution_description: English: The defunct Jericho Diamond Mine, Nunavut, Canada. The mine site (buildings and fuel tank farm) is visible in the background behind the open pit.
context_page_description: The Jericho Diamond Mine is a dormant diamond mine located in Canada's Nunavut territory. Jericho is Nunavut’s first and only diamond mine. It is located 420 km northeast of Yellowknife, Northwest Territories and is accessible by air all year and by winter road from Yellowknife. The project was mined from 2006 to 2008, and produced 780,000 carats of diamonds from 1,200,000 tonnes of kimberlite mined from the open pit operation. Over $200 million was invested in the development of the Jericho operations including the construction of a 2,000 t per day diamond recovery plant, maintenance facility, fuel farm, and offices and accommodation for 225 personnel.
  On July 19, 2010 Shear Diamonds, a diamond exploration company focused on the Nunavut region, announced its purchase of the Jericho Diamond Mine. In late 2010, Shear announced that it would take about a year to devise a plan to reopen the mine. Shear began processing the existing recovery reject pile in early 2012, selling the recovered stones to Belgian diamond firm Taché, which provided a revolving line of credit.
context_section_description: The Jericho Diamond Mine is a dormant diamond mine located in Canada's Nunavut territory. Jericho is Nunavut’s first and only diamond mine. It is located 420 km (260 mi) northeast of Yellowknife, Northwest Territories and is accessible by air all year and by winter road from Yellowknife. The project was mined from 2006 to 2008, and produced 780,000 carats (156 kg; 344 lb) of diamonds from 1,200,000 tonnes (1,200,000 long tons; 1,300,000 short tons) of kimberlite mined from the open pit operation. Over $200 million was invested in the development of the Jericho operations including the construction of a 2,000 t (2,000 long tons; 2,200 short tons) per day diamond recovery plant, maintenance facility, fuel farm, and offices and accommodation for 225 personnel.
  On July 19, 2010 Shear Diamonds (née Shear Minerals Ltd) (TSX-V: SRM), a diamond exploration company focused on the Nunavut region, announced its purchase of the Jericho Diamond Mine. In late 2010, Shear announced that it would take about a year to devise a plan to reopen the mine. Shear began processing the existing recovery reject pile in early 2012, selling the recovered stones to Belgian diamond firm Taché, which provided a revolving line of credit.  However, operations were suspended in September, as Shear, citing "limited funds and significant operations", has sought to minimize expenditures.  Taché has given notice of default on certain covenants of their investment agreement, but is working with Shear to find funding or a purchaser.
caption: Jericho Diamond Mine from the air
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