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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough! -- Ignore unavailable to you. Want to Upgrade?

To: J.Mcguire who wrote (952)	1/15/1998 7:17:00 PM
From: I_C_Deadpeople	Respond to of 5206

Thursday, January 15, 1998 De Beers opens Vancouver office By PETER KENNEDY Vancouver Bureau The Financial Post De Beers Consolidated Mines Ltd., the world's largest diamond mining concern, said yesterday it will open an office in Vancouver. The South African giant, which controls about 70% of the world diamond market, said it will use the Vancouver location to further develop its mining and prospecting interests in Canada. "We are looking for business,'' said George Burne, managing director of the company's new subsidiary, De Beers Canada Corp. A director of De Beers' powerful diamond marketing arm, the Central Selling Organization, Burne is moving from London to run the Canadian operation. De Beers is no stranger to Canada. The company's Toronto-based exploration subsidiary, Monopros Ltd., has been active here for decades. "But we have felt for some time that with Canada about to become a diamond producer, it was important to put De Beers' name into Vancouver,'' Burne said. Later this year, Canada will see its first diamond mine go into production when a $700-million project by Dia Met Minerals Ltd. and BHP Diamonds Inc. is complete. Dia Met's Ekati mine in the Northwest Territories is expected to account for 3% of the world's rough diamond output by weight and 5% by value. "Obviously, we'd like to market their diamonds, but that's up to them,'' Burne said. The new office will also put De Beers closer to a potential diamond mine being explored in the Northwest Territories by Vancouver-based Aber Resources Ltd. and partner Kennecott Canada Inc. Mining industry officials aren't surprised to see De Beers beef up its presence in Canada. "Vancouver is developing into a little financial diamond centre,'' said Gerald Prosalendis, spokesman for Dia Met, which is based in Kelowna, B.C. "So it makes sense for them to be located in Vancouver.'' Nicholas Oppenheimer, De Beer's newly appointed chairman, is scheduled to be in Vancouver next Monday to open the office.

To: J.Mcguire who wrote (952)	1/15/1998 10:51:00 PM
From: Steve Rose	Read Replies (1) \| Respond to of 5206

Hello J.Mcquire,could we (KRT) use a small mention at the new office opening to the press.All we need in todays market is a good recommendation that the JV is still ongoin at Falc and some magic $$$ pricing of KRT shares would happen.Wishful thinking,but humptey dumptey is coming back together,Steve.