The mining newspaper for Alaska and Canada's North

De Beers gives green light to mine

The road has been cleared for Canada's latest diamond mine, with South African gem giant De Beers giving its final go-ahead for the C$636 million Snap Lake project.

In the planning and development stages for several years, the mine is scheduled to start production in 2007, targeting about 1.5 million carats a year once it achieves peak output.

It will be De Beers' first diamond mine outside of Afr...

 

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