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Gold/Mining/Energy : DIAMET/(BHP) TSE.DMM.B -- Ignore unavailable to you. Want to Upgrade?

To: PHILLIP FLOTOW who wrote (46)	10/21/1998 10:49:00 AM
From: Famularo	Read Replies (1) \| Respond to of 123

Post says De Beers still keen on Ekati gems Dia Met Minerals Ltd DMM.B Shares issued 21,973,496 Oct 20 close $21.00 Wed 21 Oct 98 In the News The Financial Post reports in its Wednesday edition that the diamond trading cartel controlled by De Beers Consolidated Mines has not given up on grabbing a piece of the action from the Ekati mine in the Northwest Territories. Reporter Drew Hasselback notes that the $900-million mine, which started production last week, has been developed by Dia Met Minerals of Kelowna, and a Canadian subsidiary of Australian resource giant Broken Hill Proprietary. In a plucky move, BHP has set up its own office in Antwerp, Belgium, to market its stones without De Beers' help. BHP chief executive Roger McNeilly says he would like to believe that the Ekati diamond will become a much sought after diamond. De Beers, however, says it is hopeful that BHP will reach some sort of a deal to market at least some of the Ekati stones through the cartel. Analysts are watching the cartel's every move. It sells 70 per cent of the world's rough diamond production and Canada is in a position to shake up world production levels.