Canadian Diamond Play Cafi Message Board

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Gold/Mining/Energy : Canadian Diamond Play Cafi

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To: Famularo who wrote (485)	1/18/2003 4:59:04 PM
From: Rocket Red	Read Replies (1) of 16206

DeBeers,Canada speaks Diamond industry officials have said that with an additional third mine at Snap Lake, N.W.T., run by diamond giant De Beers, likely to start production in 2005, Canada will become the world's third-largest diamond producer, worth more than $1 billion (U.S.) a year and 17 per cent of the market after 2006". _________________________________________________________ John McConnell (DeBeers, Canada) says when asked; Q, Will you have a second mine in Canada? A, Yes. We have a project about 100KM east of Snap Lake (Kennady Lake) that will closely follow Snap. We're just waiting for the exploration reports. ___________________________________________________________________ It seems clear that DeBeers has already made up their minds about MPV's Kennady Lake project.

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