Northern Empire Minerals (NEM.V) Message Board

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Non-Tech : Northern Empire Minerals (NEM.V)

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To: jrhana who wrote (63)	7/6/2003 12:19:13 PM
From: jrhana	Read Replies (1) of 92

BHP is optimistic about Diamond demand <Marcus Randolph, president of BHP Billiton's diamonds and speciality products division, says demand for diamonds is growing at 2%-3% annually as branding and promotion stimulate it and new markets like China and India are developed. He says the current major producers are running at full capacity and new mines have to be discovered to meet demand. He intends that BHP Billiton should make one or more of those new discoveries. So does De Beers, which is pouring money into the global diamond search.> hoovnews.hoovers.com I would be very curious as to where else BHP is looking. They do have the recently bought stakes in the Aviat and Churchill projects. I have been reading a fair amount about Diamonds and particularly Chuck Fipke the geologist (half professor and half roughneck) who spearheaded the discovery of Canada's first diamond mine, the Ekati. Diamond mines are hard to find but extremely profitable

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