Tahera Diamond Corporation was a Canadian diamond mining company headquartered in

Toronto Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the ancho ...

Ontario Ontario ( ; ) is one of the thirteen provinces and territories of Canada.Ontario is located in the geographic eastern half of Canada, but it has historically and politically been considered to be part of Central Canada. Located in Central Ca ...

. Tahera's

Jericho Diamond Mine 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 northeast of Yellowknife, Northwest Territories and is accessible by air all year and b ...

was Canada's third, and

Nunavut Nunavut ( , ; iu, ᓄᓇᕗᑦ , ; ) is the largest and northernmost Provinces and territories of Canada#Territories, territory of Canada. It was separated officially from the Northwest Territories on April 1, 1999, via the ''Nunavut Act'' ...

's first, diamond mine. Tahera opened the Jericho mine in 2006. During production Tahera had a diamond marketing alliance with Tiffany & Co. In 2007 the company reported financial losses due to operational difficulties, the high value of the Canadian dollar, high oil prices, and the short operating season of the Tibbitt-Contwoyto winter road in 2006. In mid-January 2008, Tahera filed an application for protection from creditors, and in February it suspended its mining operations. Ore processing and diamond recovery continued until ore stockpiles were exhausted. In September 2008, a private

Vancouver Vancouver ( ) is a major city in western Canada, located in the Lower Mainland region of British Columbia. As the List of cities in British Columbia, most populous city in the province, the 2021 Canadian census recorded 662,248 people in the ...

-based company announced a Plan Sponsorship Agreement with Tahera; however, in November Tahera announced that the Plan Sponsor's conditions were not met and the agreement fell through. As of March 30, 2010 the company was in a stay period under the Companies' Creditors Arrangement Act (CCAA). The company obtained court approval for the process of selling the Jericho Diamond Mine and other assets on 15 January 2010, and consequently opened a sales website. On July 19, 2010 Shear Diamonds () announced that it had signed an agreement with Tahera Diamond Corp. and Benachee Resources Inc. to acquire the

. . The successful closing of the acquisition agreement was announced on August 27, 2010.Press release announcing agreement closed
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References

{{reflist Companies formerly listed on the Toronto Stock Exchange Diamond mining companies of Canada

See also

References