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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!
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To: Zeev Hed who wrote (3246)1/29/1999 3:03:00 PM
From: maxed  Read Replies (1) of 5206
 
Hi. Zeev. Picked this off another thread.
The U.S. Department of Justice for years has probed the practices of companies linked to
De Beers, which is prevented from
operating directly in the United States.

Instead, De Beers sells its gems to selected dealers in London and Switzerland who then
pass on the gems to independent dealers in
the United States. Does being a J.V. partner of De Beers mean that it could cause problems for KRT to say sell diamonds or raise money in the U.S. should they ever do have a mine?
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