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

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To: jerry janko who wrote (85)	8/5/1999 2:28:00 PM
From: PHILLIP FLOTOW	Read Replies (1) of 123

News out today: Thursday, August 5, 1999 BHP plans mine expansion New kimberlite discoveries will add life to project By JOHN MATHER, EDMONTON SUN BHP Diamonds has applied to the federal government for hearings about the proposed development of three additional kimberlite pipes at its Ekati mine in the Northwest Territories. "What we've got are some additional kimberlite pipes we'd like to develop to keep the mine operating," said BHP vice-president of external affairs Graham Nicholls. "What we have right now are permanent and economic pipes that will keep us going for 15 years. We'd like to blend into our development plan three additional pipes." That would extend the life of the mine to 18 years. Nicholls says the pipes are new discoveries since the original BHP project was put together. Of the three new pipes, Sable was discovered several years ago, while Beartooth and Pidgeon were found more recently, he said. Nicholls said the discoveries mean there are probably other kimberlite bodies on the claim block which could be feasible to mine also. "It looks like there will be an extensive regulatory review process," said Nicholls. "We've allowed a fair amount of time in our scheduling for this." The application for the new pipes is currently before the Mackenzie Valley Environmental Impact Review Board. He said BHP hopes to have a road to the pipes by 2001 and actual mining could start three years later. Nicholls had no cost estimates on the expansion. He said the additional pipes would allow the company to continue with its current staff complement of 550 BHP employees and 100 outside contractors. PHIL

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