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Photo by John CummingA view of Alrosa's Udachnaya pipe in the Sakha Republic of Russia, where the country's third-largest gem-quality diamond (inset) was recently unearthed. The lemon-yellow-coloured diamond measures 46 by 32 by 26 mm.

Alrosa uncovers giant diamond

Sakha Republic government-owned Alrosa has extracted a giant, flawless 301.55-carat diamond — the third-largest gem-quality diamond ever unearthed in Russia.The 46-by-32-by-26-mm lemon-yellow stone w…


Black Hawk narrows losses

With fewer tonnes milled, Black Hawk Mining (BHK-T) lost US$358,000 during the 3-month stretch ended June 30.The loss translates into nil per share, and compares with a year-earlier net loss of US$409…


Northern Miner Indices (August 25, 2003)

NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrick GoldABX-T19.4%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport McM BFCX-N7.1%GoldcorpG-T4.4%IncoN-T7.8%Kinross GoldK-T4.3%Newmont Minin…



Yamana expands in Brazil

Spokane-based Yamana Resources (YRI-T) has paid US$20.9 million for the Fazenda Brasileiro gold mine in northeastern Brazil. The vendor is Companhia Vale do Rio Doce (RIO-N).The funds were made possib…


Mag cuts narrow vein at depth (August 25, 2003)

Vancouver — Initial results from an ongoing, 3,500-metre drill program indicate narrow intervals of high-grade silver-gold values between 400 and 500 metres below surface on the Juanicipio claims in …


PGM use in North America

Three factors — a substantial increase in the production of light vehicles, the impending introduction of tighter emissions standards, and the replacement of some palladium-based catalysts with plati…


Two drill rigs (centre and far left) turn on Bema Gold's Kupol property.

Russian project delivers high-grade results

Results from ongoing drilling by Bema Gold (BGO-T) on a high-grade gold-silver prospect in Russia’s Far East region are confirming the potential for a near-surface, multi-million-ounce deposit.To date…


De Beers nabs diamond thieves

An ongoing investigation east of Pretoria, South Africa, has led to 20 arrests and the recovery of 590 stolen diamonds. Nineteen more people are being held for questioning.De Beers has been working wi…


People (August 25, 2003)

Barker — Trygve Hoy hired as a consultant in the Cariboo mining district of B.C.Barrick Gold — Peter Kinver appointed executive VP of operations.Dumont Nickel — David Constable appoint…


First Point trenches Rio Luna (August 25, 2003)

Preliminary trenching at the Rio Luna gold project in Nicaragua has returned tantalizing results for First Point Minerals (FPX-V).Situated 10 km north of the town of Boaco, the 126-sq.-km property hos…


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