World
Australian mining company finds 404-carat diamond
Perth : A West Australian mining firm has found a record breaking 404-carat diamond believed worth over $14 million.
 
According to reports on Tuesday, the Lucapa Diamond Company, based in Perth but operating in the African nation of Angola, found the 404-carat diamond at its Lulo Diamond Project site, with estimates putting it as the 27th largest diamond ever found, Xinhua news agency reported.
 
The company's chairman, Miles Kennedy, said that the diamond ticked off a "number of firsts" for diamond exploration.
 
"When we first looked at the property, 3,000 sq.km of untouched ground, 700 km inland from the coast, you are talking about a very, very remote area," Kennedy said.
 
"It's the biggest diamond ever recorded from the country of Angola and it's the biggest diamond ever recovered by an Australian diamond miner," he said.
 
The chairman said selling that diamond alone would allow the company to expand its Angola operations.
 
The largest ever 3,167-carat diamond "Sergio" was found in Brazil in 1893.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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39 trapped after gas explosion in Russia building
Moscow : At least one person was killed and 39 were reported trapped after a powerful gas explosion triggered the collapse of a five-storey residential building in Russia's Yaroslavl city early Tuesday.
 
Preliminary information showed that about 10 flats on the first to fifth floors of a single unit of the residential structure fell apart in the blast, the Russian emergency situations ministry said.
 
Up to 39 people were estimated to be buried in the rubble, according to the ministry, which added that fire fighters had rushed to the site for search and rescue operations after being alerted at 4.20 a.m., Xinhua news agency reported.
 
The ministry estimated that between seven-20 people could have been in the building at the time of the incident. Out of those officially registered in the ten apartments, 13 are reported to be minors.
 
So far, four people have been rescued from the debris, RT news reported. 
 
All of those rescued reportedly suffered serious injuries and fractures and were hospitalised in a critical condition.
 
The explosion did not trigger any big fire, but authorities cautioned that they could not rule out the possibility of further collapse of the building. 
 
The ministry warned of more casualties.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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