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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth Andrews who wrote (3384)	9/20/2002 6:52:56 AM
From: long-gone	Respond to of 4051

Bema/Kinross receive US$24 million from Refugio arbitration proceedings VANCOUVER, Sep 19, 2002 /PRNewswire-FirstCall via COMTEX/ -- Bema Gold Corporation ("Bema") and Kinross Gold Corporation ("Kinross"), each 50% owners of Compania Minera Maricunga ("CMM") are pleased to announce that CMM has received full payment of an award settlement for approximately US$ 24 million from Fluor Daniel Chile Ingenieria y Construccion S.A, Fluor Daniel Corporation, and Fluor Daniel Wright Ltd. ("Fluor"). In April of 1999 CMM initiated formal arbitration proceedings, against Fluor, to recover damages related to numerous design and construction failures at the Refugio Mine located in Northern Chile. In May of 2002, binding arbitration in Chile ruled in favour of CMM for these damages. On Behalf of BEMA GOLD CORPORATION "Clive T. Johnson" Chairman, C.E.O. and President For further information on Bema Gold please contact Investor Relations at (604) 681-8371 or toll-free 1-800-316-8855 or alternatively contact our web-site at www.bema.com The Toronto Stock Exchanges neither approves nor disapproves the information contained in this News Release, Bema Gold Corporation trades on The Toronto and American stock exchanges. Symbol: BGO. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements SOURCE Bema Gold Corporation CONTACT: For further information on Bema Gold please contact Investor Relations at 604-681-8371 or toll-free 1-800-316-8855 or alternatively contact our web-site at www.bema.com (BGO. BGO)