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By R. A. Ozerkevich, R. J. Voisey

"SherrGold's MacLellan V ne is located about five miles south east of Lynn Lake immediately to the east of the Keewatin River. (Figure # 1)The property is accessible by an all weather road, leading north from the provincial highway 391, which links Lynn Lake with the Town of. Leaf Rapids and the city of Thompson to the south.The MacLellan Mine (formerly the Agassiz property) was discovered in the early 1950's and optioned from Comiesa Corporation in 1979 by Sherritt. SherrGold Inc. was formed in September 1985. Sherritt then transferred the MacLellan Mine, 15 other gold prospects in the Lynn Lake area and the old Lynn Lake nickel-copper mill to SherrGold. At the same time Sherrgold entered into a management agreement with Sherritt whereby Sherritt would develop and operate the MacLellan Mine and conduct SherrGold's exploration activities.The ore body as outlined in the original feasibility study is expected to produce in excess of 300,000 ounces of gold and 450,000 ounces of silver over the next 5 years. However the deposit is open to depth and exploration is continuing on and around the main zone and the many satellite deposits.The start of construction of the MacLellan mine and mill was scheduled to phase in with the closure of the Fox copper-zinc mine located 30 miles west of Lynn Lake. The majority of the employees from the Fox Operation were either employed at the MacLellan mine or relocated to Sherritt's Ruttan Operation."

Jan 1, 1987

By Roger Payne, John R. Goode, Feng Gao, James Brown

The Eco Ridge deposit is located in the Elliot Lake mining camp in Northern Ontario, Canada. Between 1955 and 1996, the area produced more than 138,000 t (300 million pounds) of U3O8 and very significant amounts of thorium and heavy rare earths. Based on the NI 43-101 Preliminary Economic Assessment by Roscoe Postle Associates (RPA) dated June 2012, and the economic review by RPA as announced in Pele Mountains’ Press release dated September 12, 2013, the Eco Ridge Mine Project would extract and process 46 Mt of material to produce about 19,000 t (42 million pounds) of U3O8 and about 65,000 t of rare earth oxide (REO) over a 14-year life. This paper discusses process optimization studies including beneficiation and hydrometallurgical testwork. The proposed modified flowsheet includes the flotation and processing of 1) a pyrite concentrate, 2) a dominantly light rare earth elements (LREE) concentrate, 3) a concentrate containing most of the balance of the uranium and heavy rare earths (HREE), and 4) a relatively inert tailings.

Jan 1, 2014

By Chris Larsen, Ian Orford, Mike Cooper

"An autogenous grinding circuit was commissioned at the Brunswick concentrator in October 1998. The autogenous grinding circuit replaced existing surface crushing plants, fine ore storage, rod and primary ball mills. The 8.54m diameter x 4.27m long (EGL) AN1 mill is driven by a bidirectional variable speed 6.3MW ABB wound rotor motor with Slip Energy Recovery (SER) drive. The AG mill was subsequently converted to SAG operation in May 1999 for a number of reasons. The mill is operated in closed circuit with horizontally inclined 660mm diameter cyclones to produce a circuit product P80 of 85 microns. Extensive test work and JKSimMet design modeling resulted in a production circuit operating closely within design expectations.The circuit is highly instrumented and controlled via a hybrid Programmable Logic Controller (PLC-5) and Fisher PROVOX Distributed Control System (DCS) that is in communication with the property information highway. An expert control system (Gensym G2) is used for control of the SAG mill load.Engineering and construction were completed in 28 months from the time of management approval for the project. The Brunswick AG/SAG mill circuit was commissioned on schedule at the $M 23.5 forecast budget."

Jan 1, 2001

By John Plecash

This paper comprises a general outline of all of the developments, including the history, geology, mining, milling, power and transportation installations, at the gold mining operation of La Luz Mines Limited and the copper mining operation of its wholly-owned subsidiary, Rosita Mines Limited, both located in north-central Nicaragua. The low-grade, gold-bearing ore-bodies of La Luz Mines, contained in highly fractured and folded Lower Cretaceous sedimentary rocks, were from 1909 to 1928, mined and treated by primitive methods by the La Luz and Los Angeles Mining Company. The abandoned property was acquired by La Luz Mines Limited in 1936, and was equipped with modern machinery and put into production in 1939. Between 1939 and 1948, the daily rate of production was in-creased from 300 tons per day to 2,-000 ton per day. The ore reserves available for open-pit mining were depleted in 1954. Since then, the entire production has come from under-ground operations.

Jan 1, 1963

The information in this document has been prepared as at February 16, 2011. Certain statements contained in this document constitute ?forward-looking statements? within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward looking information under the provisions of Canadian provincial securities laws. When used in this document, the words ?anticipate?, ?expect?, ?estimate?, ?forecast?, ?will?, ?planned?, and similar expressions are intended to identify forward-looking statements or information. Such statements include without limitation: statements regarding timing and amounts of capital expenditures and other assumptions; estimates of future reserves, resources, mineral production, optimization efforts and sales; estimates of mine life; estimates of future internal rates of return, mining costs, cash costs, minesite costs and other expenses; estimates of future capital expenditures and other cash needs, and expectations as to the funding thereof; statements and information as to the projected development of certain ore deposits, including estimates of exploration, development and production and other capital costs, and estimates of the timing of such exploration, development and production or decisions with respect to such exploration, development and production; estimates of reserves and resources, and statements and information regarding anticipated future exploration; the anticipated timing of events with respect to the Company's minesites and statements and information regarding the sufficiency of the Company's cash resources. Such statements and information reflect the Company's views as at the date of this document and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements and information. Many factors, known and unknown could cause the actual results to be materially different from those expressed or implied by such forward looking statements and information. Such risks include, but are not limited to: the volatility of prices of gold and other metals; uncertainty of mineral reserves, mineral resources, mineral grades and mineral recovery estimates; uncertainty of future production, capital expenditures, and other costs; currency fluctuations; financing of additional capital requirements; cost of exploration and development programs; mining risks; community protests; risks associated with foreign operations; governmental and environmental regulation; the volatility of the Company's stock price; and risks associated with the Company's byproduct metal derivative strategies. For a more detailed discussion of such risks and other factors that may affect the Company?s ability to achieve the expectations set forth in the forwardlooking statements contained in this document, see the Company's Annual Report on Form 20-F for the year ended December 31, 2009, as well as the Company's other filings with the Canadian Securities Administrators and the U.S. Securities and Exchange Commission. The Company does not intend, and does not assume any obligation, to update these forward-looking statements and information. Marc Legault, a Qualified Person and the Company?s Vice-President, Project Development, reviewed the technical information disclosed herein. For a detailed breakdown of the Company?s reserve and resource position see the February 16, 2011 press release on the Company?s website. That press release also lists the Qualified Persons for each project.

May 1, 2011

By Andrea Lisjak Bradley

Clay shales are currently being assessed as possible host rock formations for the deep geological disposal of radioactive waste. However, one main concern is that the favourable long-term isolation properties of the intact rock mass could be negatively affected by the formation of an excavation damaged zone (EDZ) around the underground openings. The goal of this thesis was to develop and validate a mechanically-based model of the deformation and failure process of a clay shale, namely Opalinus Clay (OPA), with particular focus on the influence of anisotropy on the short-term response of circular tunnels. To achieve this goal, a hybrid continuum-discontinuum numerical approach was developed in combination with new field measurements from the Mont Terri underground research laboratory. The response of OPA during the excavation of a full-scale emplacement (FE) test tunnel was characterized by geodetic monitoring of wall displacements, radial extensometers and longitudinal inclinometers. The deformation measurements indicated strong directionality induced by the combined effect of in-situ stress field and bedding planes striking parallel to the tunnel axis, with the most severe deformation occurring in the direction approximately perpendicular to the material layering. Computer simulations were conducted using a newly-extended combined finite-discrete element method (FEM/DEM), a numerical technique which allows the explicit simulation of brittle fracturing and associated seismicity. The numerical experimentation firstly focused on the laboratory-scale analysis of failure processes (e.g., acoustic activity) in brittle rocks, and on the role of strength and modulus anisotropy in the failure behaviour of OPA in tension and compression. The fracturing behaviour of unsupported circular excavations in laminated rock masses was then analyzed under different in-situ stress conditions. Lastly, the proposed modelling methodology was applied to the aforementioned FE tunnel to obtain unique insights into the EDZ formation process around emplacement tunnels for nuclear waste. The calibrated numerical model suggested delamination along bedding planes and subsequent extensional fracturing as key mechanisms of the damage process potentially leading to buckling and spalling phenomena. Overall, the research findings are already having a direct impact on the preliminary design process of an underground repository for nuclear waste in Switzerland.

Jan 1, 2015

By M. Desjardins

The Hoyle Pond underground mine, located in the Porcupine Gold Camp, east of the city of Timmins, Ontario, Canada, is the cornerstone of Goldcorp Canada Ltd?s Porcupine Gold Mines. Cut and fill, shrinkage, longhole and panel mining methods are employed to excavate the narrow gold bearing structures. In order to meet increased flow requirements of 256 m3/s at the mine, a new Fresh Air Raise (FAR) and new surface fans were commissioned in early 2005. The newly acquired fans were capable of supplying the desired volume of air within a range of 1.5 and 2.0 kPa. Upon commissioning of the surface fans the total pressure was found to be exceedingly high; far beyond the design capabilities of the new installation. Consequently only one surface fan could be operated at any given time providing about half the required volume of air. Extensive work was immediately started aimed at reducing the system resistance in order to permit operation of the two fans in parallel and achieve the required mine flows. Larger booster fans were installed in parallel at the 900 m level, a 3 m raise bore linking the 450 and 900 m levels was developed to twin the existing fresh air circuit, and the FAR from surface to the 450 m level was twinned with the original FAR. This strategy, completed in 2012, resulted in a drastic reduction in system resistance and pressures, allowing the two surface fresh air fans to be safely operated in parallel and meeting the flow requirements. This paper describes details of the engineering design work and commissioning of the modified ventilation system, successfully ensuring the long term viability of the project.

Aug 1, 2013

By K. C. Grogan

"GeneralGIANT ORE is complex, with the gold values for the most part occurring in extremely close association with arsenopyrite, stibnite, jamesonite, and a wide group of antimonial minerals locally termed 'the grey minerals'. Pyrite is the most abundant of the sulphide minerals• and minor quantities of chalcopyrite, galena, and sphalerite also occur. Pyrrhotite has been found in some sections of the mine, but to date none of it has been nickeliferous. Native gold occurs in varying amounts throughout the ore bodies.In 1944, ore dressing investigations were commenced on diamond-drill core rejects and samples of surface outcrop ore. Results soon indicated that treatment to produce satisfactory recovery of the gold values would involve fine grinding to 80-85 per cent minus 200 mesh, recovery of free gold by jigs, followed by flotation, roasting of the flotation concentrate, and subsequent cyanidation of the calcine. Proceeding from this information, the flow-sheet was prepared, plant design worked out, equipment purchased, and construction of the treatment plant commenced in May, 1947.The crushing, grinding, and flotation units of the plant were rushed to completion and commenced operation on May 12th, l.948, at 225 tons of ore per day. This rate was maintained until January 27th, 1949, when the Allis-Chalmers roaster and cyanide plants were completed and commenced operation. During the period May 12th, 1948, to January 27th, 1949, gold recovered by amalgamation was the sole source of revenue. Flotation concentrate was stockpiled pending the completion of the Allis~Chalmers roaster and cyanide plants."

Jan 1, 1953

By H. E. Frimmel

Abstract - Most of the gold in the Late Archean Witwatersrand Basin is of detrital origin but, in its present form, it is metamorphosed. The only relict detrital features preserved are the morpho­logical characteristics of some placer gold particles. Regional burial metamorphism in the shallower and deeper levels of the Witwatersrand Supergroup reached temperatures around 300°C and 350°C at pressures between 2 kbar and 3 kbar, respectively , estimated from phase relations, chlorite-chloritoid exchange thermometry and chlorite thermometry . Metamorphism of the gold involved compositional homogenization of individual gold particles and partial recrystallization. Various infiltration events caused the partial mobilization of the gold at slightly lower temperatures, between 240°C and 300°C. These infiltrations can be related to crustal extension during the deposition of massive carbonate sequences of the Transvaal Supergroup (around 2.5 Ga), and later to the emplacement of the Bushveld Complex, and to the Vredefort event around 2.0 Ga ago. The mobility of the gold was dependent on the sulfur fugacity prevailing in a particular horizon which, in turn, was deter­ mined by the amount of pyrite (and other sulfides) present in that horizon. With the sulfur fugacity being controlled by stratigraphy, low fluid:rock ratios in a pyrite-rich horizon were most conducive for the mobilization of the gold. Thus, long-range gold mobilization in the Witwatersrand Basin can be expected to be the exception rather than the rule.

Jan 1, 1994

By Richard Peaker, Jens Lichter, Alexander V. Potapov

"The recent combination of Computational Fluid Dynamics (CFD) and Discrete Element Modeling (DEM) can provide considerable insight into the performance of flotation cells. One area of interest from a fundamental equipment design perspective has been the influence of flotation cell size and the inflow rate on the metallurgical performance of the cell. One of the specific design objectives when increasing the size of flotation cells, or increasing the feed flow to the flotation cell, is to ensure that the feed stream flowing into the cell does not have an opportunity to bypass the mechanism.This paper describes the initial modeling efforts to quantify the inter-relationship of cell size, inflow rates, and feed and discharge box placement, on the retention time distribution of solids in the flotation cell, and the fraction of particles that bypass the mechanism on a size by size basis.INTRODUCTIONThe great majority of newly installed cells in mineral processing plants world-wide are of the cylindrical tank design and this tank shape offers a number of hydraulic advantages over the older style of square cells. Cylindrical cells give symmetrical flow patterns and by careful design of the mechanism and tank internals, the flow patterns generated can concentrate the more intense mixing in the lower portion of the cell to promote good solids suspension and particlebubble contact. Simultaneously, cylindrical tank design gives a more quiescent upper zone for particle-bubble transport into the froth zone. These symmetrical flow patterns are naturally disturbed in normal operation by the slurry inflow and outflow from the individual cells. The challenge for flotation cell designers is to determine the magnitude of these flow disturbances, and to assess whether or when the inflow and outflow rates have a sufficient impact on the hydraulic flow patterns so as to potentially affect the metallurgical performance of the flotation cell."

Jan 1, 2007

By Orlando C. Gaspar

Abstract - The presence of fine-grained mineral intergrowths, the complex distribution of deleterious minor elements, and the variable base-metal contents in some assemblages commonly pose technical problems for the processing of volcanogenic massive sulfide ores. The beneficiation of most massive sulfide ores from the Iberian Pyrite Belt requires extremely fine grinding to liberation sizes of K80 = 15 µm to 25 µm. For several deposits, mapping of the ore types and metal zoning patterns has shown that the different ore types are distributed as ore lenses within the massive sulfides. Mineralogical, textural, and metallogenetic studies have provided an understanding of the distribution of both the vertical and the horizontal metal zonation in the orebodies. Because the efficiency of ore processing is affected by ore textures, and because the same mineral commonly has different textures and varies in chemical composition, a relationship between textures of the feed and the middlings must be established for all ore types defined at the deposit scale. Quantitative mineralogical methods have been developed to provide, on a timely basis, the information needed to optimize the concentration processes for the massive sulfide ores at the Aljustrel and Neves-Corvo deposits, Iberian Pyrite Belt, Portugal.

Jan 1, 1997

By Orlando C. Gaspar

The presence of ?ne-grained mineral intergrowths, the complex distribution of deleterious minor elements, and the variable base-metal contents in some assemblages commonly pose technical problems for the processing of volcanogenic massive sul?de ores. The bene?ciation of most massive sul?de ores from the Iberian Pyrite Belt requires extremely ?ne grinding to liberation sizes of K80= 15 µm to 25 µm. For several deposits, mapping of the ore types and metal zoning pat-terns has shown that the different ore types are distributed as ore lenses within the massive sul?des. Mineralogical, textural, and metallogenetic studies have provided an understanding of the distribution of both the vertical and the horizontal metal zonation in the orebodies. Because the ef?ciency of ore processing is affected by ore textures, and because the same mineral commonly has different textures and varies in chemical composition, a relationship between textures of the feed and the middlings must be established for all ore types de?ned at the deposit scale. Quantitative mineralogical methods have been developed to provide, on a timely basis, the information needed to optimize the concentration processes for the massive sul?de ores at the Aljustrel and Neves-Corvo deposits, Iberian Pyrite Belt, Portugal.

Jan 1, 1997

By Andrea McGlynn

Iron Ore Company of Canada, Labrador City 2011?Canada's largest iron ore producer, leading global supplier of iron ore pellets and concentrates ?Rio Tinto (58.7%), Mitsubishi Corporation (26.2%), Labrador Iron Ore Royalty Income Fund (15.1%)

May 1, 2011

By P. W. Godbehere

"INTRODUCTIONMagnetic mill linings have been developed from an invention by Mr. Bertil Brandt, the originator of the Skega rubber lining. The OREBED magnetic mill lining is a concept in which rubber covered strontium ferrite permanent magnets are arranged on the inside wall of a mill shell so that they attract magnetically susceptible material be it ore, media or tramp, to form a protective layer over the magnets and to serve as an operating surface with indefinite life.Noranda Mines Ltd. through its associate Norcast Division of Noranda Metal Industries formed a joint venture with the inventors to market magnetic mill linings in North America. For the past twelve months trials have been undertaken in conjunction with Orebed Inc. to test and develop these linings for grinding mill applications at the Horne Concentrator. Two independent milling circuits are currently being operated, one treating a siliceous gold ore and the other a copper slag.This paper presents the results of the magnetic lining test programme to date."

Jan 1, 1983

By Tai Sik Lee

Why ISRU into Space Exploration are important NASA and International Mission statements calls for the sustainable human exploration of the Moon, Near-Earth asteroids, and Mars Common Exploration Goals and Objectives are Strongly influenced by ISRU Extend Human Presence: Continually increase the duration and level of self sufficiency at all destinations Develop Exploration Technologies and Capabilities: Develop and validate tools, technologies, and systems that extract, process, and utilize resource to enable exploration missions Perform Science to Support Human Exploration: Characterize available resources at destinations Stimulate Economic Expansion: Encourage commercial services and create new markets, including markets for discovered resources Enhance Earth Safety: Test techniques to mitigate the risk of asteroid collisions with Earth

May 1, 2013

By V. K. Alves, P. Lacoste-Bouchet

"In order to improve ball milling efficiency in pellet plants, Companhia Vale de Rio Doce (CVRD), experiments new technologies in Santa Luzia (M.G. – Brazil) research center facility. Pilot grinding tests have been conducted with small grinding media, size distributed from 5 to 12 mm (millpebs). Tests have been conducted on an ore from CVRD’s Usina 5 Nibrasco, in Vitória, Brazil. A sample of the regrind circuit feed was obtained and used in comparative grinding tests with two types of grinding charges: 100% balls and a blend of 70% balls and 30% millpebs by weight. According to the balls charge, the grinding media mixture has showed the following benefits: reduction of the power draw, increase of the mill capacity, reduction of the circulating load and a slight increase of the ore blaine. Following the results obtained, CVRD is going to further explore the regrinding potential of millpebs.INTRODUCTIONCompanhnia Vale de Rio Doce (CVRD) is the largest mining company in Brazil. CVRD is involved in iron, base metals, gold and bauxite industries. Moreover, CVRD operates several pelletizing plants in Brazil and in other countries.CVRD’s Center for Mineral Development (CDM) is equipped with a comminution laboratory where studies are carried out that are aimed at the optimization of existing plants at several mining sites as well as the technical and economical feasibility of new projects. The laboratory is equipped with a complete pilot plant with several mills and classifiers, enabling continuous grinding tests in grinding circuits of almost any capacity and characteristics.In January 2004, CVRD undertook to conduct pilot tests at CDM for evaluating the effect of small grinding media on ball milling efficiency. Generally speaking, it is not unusual for operators to add oversize grinding media in a conventional regrind mill. This fact originates mainly from prohibitive prices of grinding media below 25 mm due to a production capacity decrease of grinding media producers. The size of the grinding media is an important variable affecting ball milling efficiency. Use of oversize balls decreases the number of contact surface between which particles can be caught and broken."

Jan 1, 2005

By Claude Deveau

"Studies on the performance of Falcon batch type concentrators treating ultrafine tantalum at Tanco have revealed that very fine heavy minerals are concentrated within certain areas of the concentrate bed. This information led to the design of a bowl which would allow entrapped lighter low grade particles to escape while providing more space for heavier particles to be recovered in the bed.Numerous tests were then completed with a modified batch-type and non-fluidized Falcon bowl in which the diameter of the discharge lip was adjusted downward manually in steps. This allowed for the gradual building of a higher grade concentrate bed.This work ultimately led to the design of a new Falcon with an automated continuously variable lip. In April 2005, Tanco commissioned the first Falcon UF600.This paper will discuss laboratory scale results and also plant performance of the Falcon’s UF technology.INTRODUCTIONTantalum Mining Corporation of Canada, also known as Tanco, is a wholly owned subsidiary of Cabot Corporation based in Boston, Mass. Operating since 1969, the underground highly mechanized room and pillar operation produces tantalum, lithium and cesium minerals and is located a 2 hour drive east-northeast of Winnipeg Manitoba, Canada.At Tanco, tantalum is recovered using conventional gravity concentration, enhanced gravity concentration and flotation. This paper will discuss how the need for improved equipment to treat very fine tantalum particles was filled by a machine which was modified to the point of creating a completely new technology.In November 2003, Tanco began the investigation for the potential use of a high g-force smooth walled concentrator for treating ultra fine tantalum produced by its flotation circuit. Until then, the tantalum flotation concentrate had been treated by a circuit which consisted of a Mozley Multi-Gravity Separator 902 (MGS), a Mozley MGS 900 and a Bartles cross belt concentrator. Through QemScan analysis, it was found that the majority of the losses from this circuit were of an extremely fine nature which exceeded the recovery limits of equipment on hand. Mean particle size of the tantalum losses was less than 10 µm."

Jan 1, 2006

By Paul J. O'brien, George N. Neary

"The base metal mine at Buchans, Newfoundland, has been producing since 1928. For many years, mill tailings were disposed of by dumping into a nearby natural watercourse via which they were transported to Red Indian Lake and deposited. In 1965, environmental concerns prompted the establishment of settling ponds near the mine site. Effluents fed to these ponds included slimes washed from mine backfill sand and waste water pumped from underground as well as mill tailings. Dusting around the perimeter of the ponds was first observed around 1970and within a couple ofyears reached serious proportions. A program to alleviate the condition by developing a vegetative cover over the tailings was commenced in 1974. The work was successfully carried out and demonstrated that the large area of waste could sustain a permanent cover of grasses.This paper outlines the experimental work done at Buchans as well as the procedures followed and the problems encountered in carrying out full-scale revegetation."

Jan 1, 1981

By Robert Dickson

Princess colliery is operated by Old Sydney Collieries, Limited, a direct descendant of the General Mining Association of London, England, which, in the first quarter of the nineteenth century, pioneered in coal mining in Nova Scotia. The coal worked is a 5 ft. 6 in. seam known generally through the Sydney coalfield as the Harbour seam but referred to locally as the Sydney Main. Entry is made by shafts, 680 feet deep, sunk in 1871 on a headland forming the northern entrance to Sydney harbour. From them extend the main roadways of the colliery, a distance of 700 feet to the shore line and a further distance of 14,700 feet in submarine areas to a total length of 15,400 feet. It was the first colliery in Nova Scotia designed to work submarine areas. Lateral development extends across a frontage of 16,000 feet and the submarine area from which the coal has been extracted is slightly over 6 square miles. There yet remains sufficient territory ahead of the workings to assure a future life to this colliery estimated at over 80 years at the current rate of production. In this area the seam dips at 6 to 7 per cent and face workings have reached a depth of 1,690 feet below the sea level. Until 1923 extraction of the coal was by room-and-pillar, followed by the drawing of the pillars. At that date the superincumbent strata had reached a thickness of 1,400 feet, resulting in heavy weighting on the roof and severe side pressure on the coal ribs. In combination with a soft, heaving pavement this created a set of conditions involving great difficulties and expense in keeping open places driven in the solid sufficiently long to permit recovery of the coal in the pillars by methods and equipment then available. The operator was forced to resort to extraction by longwall as the only economical method of winning the coal.

Jan 1, 1948

By Robert Boyd

The Diamond Markets ? Supply has continuously increased over the past 25 years ? However, global supply is expected to drop by 1 to 2% by 2015 ? Demand Driven Market ?Demand is expected to grow 3% annually through to 2015 ? Supply Squeeze Anticipated (2010 to 2015) ? Consumption is exceeding rate of discovery, mine development and reserve replacement ? These fundamentals are driving increased capacity and production at existing mines in South Africa, Botswana and Russia and new areas such as Canada ? Canada is now the third largest diamond producing country in the world ? These fundamentals are also driving record levels of exploration expenditures throughout the world with particular focus on Africa and Canada

May 1, 2006