To: EIGHT-N who wrote (21922 ) 6/25/1999 1:46:00 PM From: Berry Picker Respond to of 26850
Hey Guys no enviro problems foreseen Aber Resources Ltd ABZ Shares issued 45,802,883 Jun 24 close $12.85 Fri 25 Jun 99 News Release Mr. Kenneth Hanna reports The Canadian Environmental Assessment Agency has filed a comprehensive study report on the Diavik diamonds project on June 18, 1999. The agency is inviting public comments until July 22, 1999, after which date the Canadian government can make a decision as to whether, and on what terms and conditions, the project should proceed to the permitting stage. In summary, the CSR states that "with the implementation of appropriate mitigation measures, the Diavik diamonds project is not likely to cause significant adverse environmental effects." The 271-page report and seven appendices are available at Aber's Web site (www.aber.ca). Separately, project operator Diavik Diamond Mines Inc. of Yellowknife has announced that the tendering for a number of contracts and purchase orders for the year 2000 construction season will occur between July and November, 1999. These contracts and purchase orders are for work and supplies required for mobilization, site preparation and infrastructure establishment. Commencement of construction activities in the year 2000 is contingent upon approval and implementation of recommendations contained in the CSR, receipt of all necessary permits and licenses required for construction and approval by the project's owners. Aber has a 40-per-cent interest in the project, approximately 300 kilometres northeast of Yellowknife and 30 kilometres southeast of the BHP/Dia Met Ekati diamond mine. Aber retains the right to market its 40-per-cent share of the diamond production. The remaining 60-per-cent interest in the project is owned by DDMI, a subsidiary of Rio Tinto PLC of London.