De Beers gives green light to mine
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Last updated 5/22/2005 at Noon
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...
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