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Charles E. Fipke

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Charles E. Fipke
CM
Born1946
Edmonton, Alberta, Canada
CitizenshipCanada
Education University of British Columbia (BSc.)
Occupation(s)Scientist and entrepreneur
Known forDiscovered Ekati Diamond Mine
Ekati Diamond Mine, 2010. Fipke is credited as a co-discoverer of the mine, and retained a 10% interest until 2014, which made him a very wealthy man. Ekati mine 640px.jpg
Ekati Diamond Mine, 2010. Fipke is credited as a co-discoverer of the mine, and retained a 10% interest until 2014, which made him a very wealthy man.

Charles Edgar "Chuck" Fipke CM (born 1946) is a Canadian geologist and prospector who discovered the existence of diamonds around Lac de Gras in Canada's Northwest Territories. He is now a multimillionaire involved in geological explorations around the world. Fipke is also a prominent owner and breeder in North American thoroughbred horse racing.

Contents

Background

Charles E. Fipke Centre for Innovative Research at University of British Columbia's Okanagan campus. Charles E Fipke Centre for Innovative Research (UBC Okanagan).JPG
Charles E. Fipke Centre for Innovative Research at University of British Columbia's Okanagan campus.

Fipke was born in Edmonton, Alberta. Growing up, he was sometimes assumed to be stupid because of his "frantic stop-start mind". His nicknames include Captain Chaos and Stumpy. [1] He occasionally stammers and is known for his use of the word "hey" at the end of sentences. [2]

In 1970, he graduated from University of British Columbia (UBC) with a bachelor of science degree in geology. Fipke received an honorary doctorate from Okanagan University College in 1998. [3]

In 2006, Fipke donated CA$ 6,000,000 to UBC to support the creation of the Charles Fipke Centre for Innovative Research. [3] In 2012, the Fipke Laboratory for Trace Element Research (FiLTER) opened, with Fipke funding the purchase of imaging equipment including a scanning electron microscope. "To graduate excellent scientists, a university needs to have the best technology available," said Fipke. "My goal is to help UBC's Okanagan campus reach the leading edges of science, in order to recruit the top students and faculty from around the world." [4] Fipke has also donated substantially to Alzheimer's research at UBC. [2]

Fipke was divorced by his wife Marlene (née Pyett) in 2000, who had been with him since he began searching for the diamonds. At the time, the divorce settlement was the largest in Canadian history, with her portion of the assets estimated to be approximately CA$ 123,100,000. [5]

Career

Upon graduation, Fipke worked for companies such as Kennecott Copper and Cominco, performing mineral explorations in locations such as Papua New Guinea, South Africa and Brazil. [6] He became an expert in the study of indicator minerals to identify potential strikes, the key to his later success. "Everyone now knows that G-10 garnets with low calcium might lead you to diamonds, hey," he said in 2011. "But how do you distinguish between a group 1 eclogitic garnet that grew with a diamond and a group 2 eclogitic garnet that didn't? They look the same." Fipke uses custom software to help determine the difference. "No one else out there can distinguish between these similar tiny particles of minerals that grow with a diamond and ones that don't." [1]

In 1977, Fipke founded CF Mineral Research, a heavy mineral and diamond exploration research laboratory. [3] In 1983, he founded Dia Met Minerals, which became listed on the Vancouver Stock Exchange in 1984. Dia Met was sold to BHP Billiton in 2001. [7]

In 1988, Fipke and partner Stu Blusson began a systematic search for diamonds in the Northwest Territories, leading to the discovery of the first diamond pipe in North America in November 1991 near Lac de Gras. The Ekati Diamond Mine is now located there. [5] [8] [9] Fipke maintained a 10% interest in Ekati until 2014, when he sold his share to Dominion Diamond Corp. for US$67 million. [2] "I'm not really a miner," he said. "I'm an exploration geologist. This sale gives me more ability to do exploration." [7]

Fipke is currently involved in multiple greenfield projects, involving searches for diamonds in Ontario with Metalex Ventures, for gold in the Yukon, Nevada and Yemen with Cantex Mine Development and for uranium along the Manitoba–Saskatchewan border with Northern Uranium. [7]

Horse racing

Fipke bought his first thoroughbred racehorse in 1981 and has subsequently become a significant owner and breeder. His major winners include: [10] [11]

Fipke owns two farms in Kentucky where he houses roughly 75 broodmares. He breeds mainly to stallions Tale of Ekati, Perfect Soul and Jersey Town. [10]

Honours and awards

Fipke has received multiple honors, including: [6]

He was inducted into the Canadian Mining Hall of Fame in 2013. [6]

Fipke's history forms a significant portion of the "narrative broth" from which author Kathy Reichs formed the plot of the novel Bones Are Forever . [18]

Related Research Articles

Burgundy Diamond Mines Canadian diamond mining company

Burgundy Diamond Mines Limited is an end-to-end global diamond company that delivers gem-quality diamonds from its cornerstone asset Ekati Diamond Mine through rough sales to its polished and cut diamond sales office in Perth, Australia. Burgundy is publicly traded on the Australian Stock Exchange (ASX:BDM) and is the parent company of Arctic Canadian Diamond Company Limited. The company sources its gem-quality diamonds from the Ekati Diamond Mine, located in the Northwest Territories, Canada. The company has a corporate office in Calgary, Alberta, Canada, a rough diamond sales office in Antwerp, Belgium, and a cut and polishing facility in Perth, Australia.

<span class="mw-page-title-main">Ekati Diamond Mine</span> Mine near Yellowknife, Northwest Territories, Canada

The Ekati Diamond Mine, often simply called Ekati, is Canada's first surface and underground diamond mine and is owned by Burgundy Diamond Mines. It is located 310 km (190 mi) north-east of Yellowknife, Northwest Territories, and about 200 km (120 mi) south of the Arctic Circle, near Lac de Gras. Until 2014, Ekati was a joint venture between Dominion Diamond Mines (80%), Chuck Fipke, and Stewart Blusson, the two geologists who discovered kimberlite pipes north of Lac de Gras. Fipke and Blusson each held 10% stake in the mine, until Fipke sold his share to Dominion. In 2021, Arctic Canadian Diamond Company Ltd. acquired the Ekati Diamond Mine with associated assets and liabilities from Dominion Diamond Mines. In July 2023, Burgundy Diamond Mines purchased full control of Arctic Canadian Diamond Company.

Unbridled was a champion American Thoroughbred racehorse who won the 1990 Kentucky Derby and Breeders' Cup Classic.

<span class="mw-page-title-main">Lac de Gras</span> Lake in Northwest Territories, Canada

Lac de Gras is a lake approximately 300 kilometres (190 mi) north east of Yellowknife, in the Northwest Territories of Canada. Lac de Gras was the centre of the diamond rush of the 1990s. There are two working, and one closed, diamond mines in the area, Diavik Diamond Mine, Ekati Diamond Mine, and the care and maintenance Snap Lake Diamond Mine. It was called Ekati by aboriginal peoples.

Lemons Forever is an American Thoroughbred racehorse best known for winning the Grade 1 132nd Kentucky Oaks horse race on May 5, 2006. Her win was the biggest upset in the history of the Oaks.

<span class="mw-page-title-main">Diamond rush</span> New diamond discovery triggering an onrush of miners seeking their fortune

A diamond rush is a period of feverish migration of workers to an area where diamonds were newly discovered. Major diamond rushes took place in the late 19th and early 20th centuries in South Africa and South-West Africa.

<span class="mw-page-title-main">Canadian diamonds</span> Sort of diamonds

Canadian diamonds are diamonds which have been mined in any one of the provinces and territories of Canada. Diamond-rich areas were not commercially extracted in Canada until the early 1990s. For the first 60 years of the 20th century, diamonds originated from kimberlite pipes and alluvial deposits in places such as Africa and some from South America. Later, diamond discoveries were made in the Soviet Union. Since the 1990s, major diamond discoveries were made and mining operations began.

Stewart Lynn "Stu" Blusson, is a Canadian businessman, geologist, investor, philanthropist, and prospector. He co-discovered the billion-dollar Ekati Diamond Mine, 300 kilometres from Yellowknife, Northwest Territories, Canada. He serves as President of Archon Minerals Ltd. In 2002, Blusson donated key start-up funds necessary for Quest University Canada in Squamish, British Columbia. In 2006, Blusson donated $10 million for the Archon X PRIZE to develop a quick and inexpensive way to sequence the human genome. Blusson had a net worth of $660 million CDN in 2006.

Unbridled's Song was an American thoroughbred racehorse who won the Breeders' Cup Juvenile, Florida Derby and Wood Memorial. He was the favorite for the 1996 Kentucky Derby but suffered a cracked hoof in the weeks before the race and finished fifth. He finished his racing career with five wins from twelve starts and earnings of $1.3 million. He subsequently became a highly successful sire, with major winners including Breeders' Cup champions Arrogate, Forever Unbridled, Midshipman and Liam's Map. He also sired the filly Eight Belles who came second in the Kentucky Derby. He was posthumously the leading sire in North America of 2017.

The Breeders' Cup Challenge is a series of Thoroughbred horse races in which the winner earns an automatic spot in a specified Breeders' Cup race. The challenge races change somewhat each year. The Challenge series began in 2007 with 24 "Win and You're In" races from 2 countries. By 2014, the series had grown to 71 races across 13 countries. During that period, 24 winners of Breeders' Cup races had qualified via the challenge series.

Tale of Ekati is a retired Thoroughbred racehorse.

Not Bourbon is a Canadian Thoroughbred race horse. He is owned and bred by Charles E. Fipke and ridden by Jono Jones. At age two, Not Bourbon set a new Woodbine track record in winning the Bull Page Stakes. Racing at age three, he won the Queenston Stakes then upset heavily favored Harlem Rocker in the Plate Trial Stakes.

<span class="mw-page-title-main">Hugo Dummett</span>

Hugo T. Dummett (1940–2002) was a South African mineral-exploration geologist who is best known for his role in the discovery of the Ekati Diamond Mine in the Barren Lands of Canada's Northwest Territories. Dummett has been described as "the brains, the ideas and the energy" behind the discovery of Ekati, which led to the creation of a new Canadian diamond-mining industry.

Perfect Shirl is a Thoroughbred racemare who won the 2011 Breeders' Cup Filly & Mare Turf in a 27-1 upset. She was foaled in the United States but her connections were Canadian.

<span class="mw-page-title-main">2017 Breeders' Cup</span> Horse race

The 2017 Breeders' Cup World Championships was the 34th edition of the premier event of the North American thoroughbred horse racing year. The 13 races, all of which were Grade I, took place on November 3 and 4 at Del Mar Racetrack in Del Mar, California and were telecast by NBC and NBC Sports. The Breeders' Cup is generally regarded as the end of the North America racing season, although a few Grade I events take place in later November and December.

The 2017 Breeders' Cup Challenge series provided winners of the designated races an automatic "Win and You're In" Berth in the 2017 Breeders' Cup. Races were chosen by the Breeders' Cup organization and included key prep races in the various Breeders' Cup divisions from around the world.

<span class="mw-page-title-main">Forever Unbridled</span> American-bred Thoroughbred racehorse

Forever Unbridled is a retired American Thoroughbred racehorse who was named the Champion Older Mare of 2017 after winning the Fleur de Lis Handicap, Personal Ensign Stakes and Breeders' Cup Distaff. She also won two Group I stakes races in 2016 before finishing third in that year's Distaff.

Seeking the Soul is a retired American Thoroughbred racehorse owned by Canadian geologist Charles Fipke whose most important win came in the 2017 Grade 1 Clark Handicap.

References

  1. 1 2 Hoffman, Carl. "How a Rogue Geologist Discovered a Diamond Trove in the Canadian Arctic". WIRED. Archived from the original on 20 November 2016. Retrieved 19 November 2016.
  2. 1 2 3 Nicolaou, Anna (11 July 2014). "Fipke still looking for new diamond finds". The Globe and Mail. Archived from the original on 20 November 2016. Retrieved 19 November 2016.
  3. 1 2 3 Mortenson, Bud (27 September 2006). "Charles E. Fipke Foundation gives $6 Million to establish new research centre at UBC Okanagan". UBC's Okanagan News. Archived from the original on 20 November 2016. Retrieved 19 November 2016.
  4. Wellborn, Patty (26 October 2012). "UBC officially opens laboratory for trace element analysis and research". UBC's Okanagan News. Archived from the original on 20 November 2016. Retrieved 19 November 2016.
  5. 1 2 Doug Ashbury (2000-02-28). "Diamond divorce". Northern News Services . Archived from the original on 2008-12-06. Retrieved 2008-12-12. As a result of a divorce settlement, Mrs. Fipke, wife of geologist Chuck Fipke, will control about 21 per cent of Kelowna-based Dia Met Minerals. As of Thursday morning, the stake was worth $123.1 million.
  6. 1 2 3 "The Canadian Mining Hall of Fame". mininghalloffame.ca. Archived from the original on 20 November 2016. Retrieved 19 November 2016.
  7. 1 2 3 Koven, Peter (12 July 2014). "Life after Ekati: Legendary Canadian geologist Chuck Fipke gears up for more exploration". Financial Post. Archived from the original on 4 January 2018. Retrieved 19 November 2016.
  8. "Diamet Minerals Ltd". Worldwide Company Profile. Archived from the original on 2 November 2016. Retrieved 19 November 2016.
  9. "The Story of Canadian Arctic Diamonds". www.engineering.com. Archived from the original on 20 November 2016. Retrieved 19 November 2016.
  10. 1 2 "Bio of Charles Fipke" (PDF). Equibase. Archived (PDF) from the original on 20 November 2016. Retrieved 19 November 2016.
  11. "Stakes Winners for Charles Fipke". Equibase. Retrieved 19 November 2016.
  12. "Kentucky Derby Payouts and Results". UltimateCapper.com. May 4, 2013. Archived from the original on May 28, 2013.
  13. Danielson, Vivian (31 December 2008). "The Northern Miner's 1992 "Mining Man of the Year" Charles Fipke". Republic of Mining. Archived from the original on 20 November 2016. Retrieved 20 November 2016.
  14. "1992 PDAC Prospector of the Year Award Winner – Charles E. Fipke". Republic of Mining. 7 December 2008. Archived from the original on 20 November 2016. Retrieved 20 November 2016.
  15. "Awards - Association for Mineral Exploration British Columbia" (PDF). amebc.ca. Archived from the original (PDF) on 20 November 2016. Retrieved 20 November 2016.
  16. "Daniel C. Jackling Award". Society for Mining, Metallurgy and Exploration. Retrieved 20 November 2016.
  17. "Rober M. Dreyer Award". Society for Mining, Metallurgy and Exploration. Archived from the original on 20 November 2016. Retrieved 20 November 2016.
  18. Reichs, Kathy (2012). Bones are forever : a novel (1st Scribner hardcover ed.). New York: Scribner. p.  286. ISBN   978-1-4391-0243-5. fipke reich bones are forever.

Further reading

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