Twin Mining stellt ersten geschliffenen Diamanten aus. - 500 Beiträge pro Seite

[McNugget]

QUEBEC CITY, Aug 7 (Reuters) - The first polished diamond produced in the Canadian province
of Quebec was unveiled on Tuesday by Canadian mining group Twin Mining Corp.
(Toronto:TWG.TO - news) and its private associate Papillon Gemme.

Presenting the diamond at a Quebec City
museum, Twin Mining chief executive
Hermann Derbuch and Papillon Gemme
president Guy Couture said the diamond, cut
in the shape of a tiny butterfly, came from its
Torngat site, on the east coast of Ungava Bay
in the far north of the province.

The diamond was mined from a kimberlite
pipe -- an underground rock formation which
produces diamonds. Alluvial diamonds are
found in river beds.

``We are talking about micro-diamonds here,
with a range from 0.1 to 1 carat. They are big enough to be cut,`` Couture told Reuters. He said the
polished diamond average quality was ``SI1`` and its clarity was ``E`` which is considered
exceptionally clear and white.

Polished diamonds are graded according to color, quality, cut and carat weight.

Currently, exploration for diamonds is happening in mostly central and western Canada.

Australia`s BHP Billton (Australia:BHP.AX - news) own Canada`s only producing diamond mine,
Ekati, located in the barrenlands of the Northwest Territories in the sub-Arctic region, which
produces up to 4.5 million carats annually at $160 a carat.

Two other diamond mines are being built nearby, including one owned by South African diamond
giant De Beers and the other a joint venture between London`s Rio Tinto (quote from Yahoo! UK &
Ireland: RIO.L) and Canada`s Aber Diamond Corp. (Toronto:ABZ.TO - news).

Once all three mines are in production -- by 2004 -- Canada will rank among the world`s top five
diamond producers by value after Botswana, South Africa, Australia and Russia.

Couture said the Torngat mine was expected to be in production within the next two or three years.

``The goal of the mining company is to open a mine within the next two to three years. The aim is to
go in depth with a pipe and get bigger uncut stone,`` Couture said.

He said the mine`s production potential was currently estimated at more than C$450 million ($295
million) in cut diamonds annually over a period of 20 years.

``We plan to create some 300 jobs at our diamond cutting shop and Toronto-based Twin Mining is
talking about 200 to 300 jobs at the future mine,`` Couture said.

Twin Mining shares gained 3 Canadian cents to close at 54 Canadian cents on Tuesday on the
Toronto Stock Exchange. It has traded in a range between 30 Canadian cents and 80 Canadian
cents over the past 52 weeks.

($1 equals $1.53 Canadian)

[trackcrack]

TWIN jetzt die Chance !!

Twin steigt langsam aber stetig !!!

Steigerung um die 100 % in den nächsten 1-2 Monaten sind meiner Meinung nach nicht ungewöhnlich. Also bleibt drin oder kauft nach es wird sich lohnen
Die Nachrichten sind gut bzw. sehr gut und der Sommer war immer gut für Twin Mining !!

Gruß

trackcrack