Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : REX DIAMOND MINING TSE:RXD -- Ignore unavailable to you. Want to Upgrade?

To: virginijus poshkus who wrote (2512)	2/22/2001 12:53:11 AM
From: brian krause	Respond to of 2522

Hi Vargas, Good diamond producers will soon be in great demand. Wednesday February 21, 2:27 am Eastern Time Oppenheimer defends Anglo takeover bid for De Beers JOHANNESBURG, Feb 21 (Reuters) - Diamond giant De Beers chairman Nicky Oppenheimer on Wednesday defended the planned multi-billion dollar takeover of his group by Anglo American (quote from Yahoo! UK & Ireland: AAL.L), saying the deal held more benefits than harm for South Africa. In an article published in the Business Day newspaper, Oppenheimer said De Beers' would stay rooted in the southern African country despite its proposed delisting from the Johannesburg bourse. ``I cannot state this more clearly or categorically -- De Beer's proposed departure from the JSE does not, and will not, presage or involve its departure from South Africa,'' he wrote. ``To suggest otherwise is to go beyond understandable expressions of regret over the loss of a bellwether stock and indulge in baseless speculation whose effect will be to mislead and misinform the public,'' he added. He was refering to local news reports that the takeover by a consortium led by Anglo American and the Oppenheimer family would lead to De Beers cutting jobs and bailing out of the country. Last week, the consortium bid $17.6 billion for De Beers in a deal which would take the Johannesburg-listed gem firm private and end a series of investor unfriendly crossholdings between Anglo American and De Beers. The bid valued De Beers at $43.17 a share. ``The purpose of these investments is to ensure South Africa maintains its position among the leading diamond producers in the world and to create jobs and wealth for the country,'' Oppenheimer said. ``The suggestion that De Beers is about to do a disguised corporate flit also, however, ignores the role the company plays and will continue to play in the South African economy,'' he added. And I hope Serge does not plan on giving REX a bath. Friday February 16, 7:43 am Eastern Time Nicky Oppenheimer hit De Beers in bathtime eureka JOHANNESBURG, Feb 16 (Reuters) - De Beers Chairman Nicky Oppenheimer first came up with the multi-billion dollar plan to get his wealthy family and mining giant Anglo American (quote from Yahoo! UK & Ireland: AAL.L) to take De Beers private while having a bath, he was quoted as saying on Friday. ``The strategy came to me when I was in the bath and when I couldn't sleep at night,'' the Business Report daily reported Oppenheimer as saying. Oppenheimer and an Anglo-led consortium bid $17.6 billion on Thursday for diamond king De Beers which would take the Johannesburg-listed firm private and end a series of investor unfriendly crossholding between Anglo and De Beers. The deal was finally sealed during a secret meeting between Nicky Oppenheimer, the head of Anglo American Tony Trahar and South African President Thabo during the World Economic Summit in Davos last month. Oppenheimer, whose family is worth an estimated $3 billion according to Forbes magazine, expressed some regret that South Africa was losing one of its premier blue-chip firms. ``For one of the great companies of the South African stock exchange to go private is a really sad thing,'' Oppenheimer said. Shares in De Beers and Anglo American in Johannesburg hit record highs on Friday on expectations that the consortium may increase its original $43.17 a share offer to De Beers shareholders

To: virginijus poshkus who wrote (2512)	3/27/2001 6:04:41 PM
From: Rocket Red	Respond to of 2522

THis one could be interesting and may find more in there Diamond Pipes than Rxd? Mano River Resources Inc - News Release Mano discovers third kimberlite pipe in KPO Range Mano River Resources Inc MNO Shares issued 89,797,670 2001-03-15 close $0.1 Tuesday Mar 27 2001 News Release Mr. Tom Elder reports Mano River Resources has discovered a third previously unmapped kimberlite pipe in the company's Kpo Range licence in western Liberia. Mano prioritized its Kpo Range licence in its continuing diamond exploration program as there were no known kimberlites to explain the reported extensive alluvial diamond occurrences. Numerous anomalies having been identified in its detailed stream sediment program, the first kimberlite pipe to be discovered, K001 (announced in December last year), was found in outcrop in a riverbed upstream of a strongly anomalous sample, while loam sampling on a 100-metre by 100-metre grid over an adjacent area of three square kilometres resulted in the discovery of the second kimberlite pipe, designated K002, approximately 1,800 metres north of K001. The new kimberlite, K003, is located approximately 300 metres to the northeast of K001. It occupies a swampy area that has been subjected to artisanal diamond mining for some time, where the miners are recovering diamonds from the surface weathering zone of the kimberlite. Delineation pitting has so far exposed the K003 kimberlite for a strike distance of 120 metres by a width of 100 metres, and it remains open-ended to the east and west, suggesting the presence of a pipe with an approximate surface area of one to two hectares. Delineation pitting will continue until the surface area has been mapped to an accuracy of minus 25 metres. Examination of K003 shows that that both diatreme and hypabyssal facies are present in the body (consistent with it being a kimberlite pipe), and a heavy mineral concentrate sample taken downstream has yielded G10 garnets and diamond inclusion chromites. Representative samples from K003 are being collected and shipped to Lakefield Laboratories in Canada for microdiamond analysis. Meanwhile, the results from microdiamond determinations on samples from K001 and K002 are expected from Lakefield Laboratories by the end of the month. Mano continues to be very encouraged by the progress of its diamond program, believing that further kimberlite pipes will be discovered in this new cluster. Furthermore, based on the mineral chemistry data so far generated and the close proximity to active alluvial diamond workings, Mano believes there is a reasonable basis to expect that some of these kimberlites could prove to be diamondiferous. (c) Copyright 2001 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)