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Gold/Mining/Energy : SOUTHERNERA (t.SUF)

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To: Confluence who wrote (3022)4/20/1999 1:42:00 PM
From: DavidA  Read Replies (1) of 7235
 
DeBeers sees early end to Diamond valuation row

London - Diamond group De Beers Consolidated Mines Ltd. said it hoped to settle a dispute which South Africa's Diamond board over the evaluation of export this week. Nicky Openheimer, De Beers chairman,said the dispute did not have any tax implications for De Beers since South Africa no longer levied export duty on diamonds.
All diamonds for export need to be approved by South Africa's Diamond Board. Mr. Oppenheimer said the dispute had caused "temporary problems" for De Beers.

Article - National Post - April 20,1999
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