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Gold/Mining/Energy : DIAMET/(BHP) TSE.DMM.B

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To: Terence Mitchell who started this subject	11/8/2000 8:56:38 AM
From: don jackson	of 123

From Today's Globe and Mail - looks like we might yet see a combination of DMM and ABZ globeandmail.com Shares of Dia Met Minerals Ltd. rose on rumours that it will soon become a takeover target, hopes fueled yesterday after the chairman of British resource giant Rio Tinto PLC told The Financial Times of London he is ready to take a look at Canada's only diamond miner. Sir Robert Wilson's comments sparked heavy trading in Kelowna, B.C.-based Dia Met, which recently put itself up for sale after two of its directors said they were ready to listen to offers for their combined 38-per-cent stake in the company. In an interview with The Financial Times, Sir Wilson said he is ready to enter a data room containing key information about Dia Met's 29-per-cent owned Ekati diamond mine in the Northwest Territories. During the interview, he also said he sees potential synergies between Ekati and a $1.3-billion diamond mine, which Rio Tinto is planning to build at a nearby site with its Toronto-based partner Aber Diamond Corp. More than 107,000 Dia Met shares changed hands yesterday on the Toronto Stock Exchange, about five times the diamond miner's typical daily volume.

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