Diamondex budgets $3-4m for exploration in ’02
Having discovered and developed the Snap Lake diamond project, which De Beers purchased in 2000 for about $480 million, the technical team of Diamondex Resources (DSP-V) is continuing to explore for k…
Snap Lake Mine
Diamonds gain momentum
Diamond mines and pipelines continue to be hot topics of discussion and speculation across the Northwest Territories. As we move into our second decade of diamond discovery, the Northwest Territories …
FPO Production from Snap Lake project delayed until 2006
A depressed rough diamond market has given De Beers cause to push back production from the Snap Lake underground diamond project in Canada’s Far North until 2006, more than a year longer than was orig…
Full steam ahead at Diavik mine
Construction of what will be Canada’s second diamond mine is in full swing at a time when the nation’s diamond industry is marking the 10th anniversary of Chuck Fipke’s monumental discovery.London-bas…
Snap Lake underground mine takes shape under De Beers
Snap lake, N.W.T. — The Canadian North comprises a vast region of lakes, rivers, Arctic tundra and, more recently, diamonds. With one mine already established and three others scheduled to come on-st…
Radius among few bright spots in gloomy week
Vancouver — The Canadian Venture Exchange finished the report period ended March 27 lower at 2,988.71, off 23.76 points, or 0.8%. The mining index lost 97.07 points, or 1.6%, to close at 6,074.70.Rad…
PDAC showcases global mining
Delegates attending the annual convention of the Prospectors & Developers Association of Canada (PDAC) in Toronto seemed more optimistic about their industry’s prospects, despite weakness in metal pri…
De Beers hires AMEC to help with Snap Lake
De Beers Canada, a subsidiary of De Beers Consolidated Mines, has selected Toronto-based engineering firm AMEC as its construction management partner at the $300-million Snap Lake diamond project in t…
Diamondex to begin program
An exploration program by Diamondex Resources (DSP-V) will focus on several properties in the Northwest Territories, though the company also plans to evaluate diamond projects elsewhere in Canada and …
Year is capped by Aber’s sale of Snap Lake to De Beers
Aber Diamond (ABZ-T) has agreed to sell its 32.24% interest in the promising Snap Lake project to South Africa’s De Beers Consolidated Mines (DBRSY-Q) for $173 million.The move came just days after Lo…
Gold stages comeback, palladium touches new high
In another strong display of staying power, gold jumped US$4.50 over the holiday-shortened Dec. 20-26 report period, adding to a 25 gain in the previous week. The yellow metal, which was fixed at US$…
Analyst keeps close watch on Aber Diamond
Dorothy Atkinson was a government geologist based in Yellowknife during the heady days of the diamond rush in the Northwest Territories. Today, as senior mining analyst for IPO Capital, she’s keeping …