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Fipke sells last stake in Ekati diamond mine

Legendary multimillionaire geologist Charles “Chuck” Fipke has sold his remaining stake in Ekati, the first-ever Canadian diamond mine he discovered two decades ago in the Arctic tundra of the Northwest Territories.

The native Albertan sold his 10 per cent interest to Dominion Diamond Corp. for a total of $67-million (U.S.). Dr. Stewart Blusson, with whom Mr. Fipke famously travelled through the barren Arctic for several years before they discovered Canada’s diamonds and sparked a huge staking rush in the 1990s, holds the remaining 10 per cent interest.