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Gold/Mining/Energy : DIAMONDWORKS DMW.v -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Laflamm who wrote (98)	11/9/1998 9:38:00 PM
From: marcos	Respond to of 413

Groenberg (sp?) of dmw being interviewed on cbc 690 right now (BC 1837 hrs pst) a Matthew Hart on now ... there's realtime audio radio.cbc.ca ... ah, but not of this, it seems

To: Patrick Laflamm who wrote (98)	11/9/1998 10:07:00 PM
From: marcos	Read Replies (1) \| Respond to of 413

That was Hart from Rapaport diamonds.net - there's a link to that from diamondworks.com Wasn't very informational, really. They're not exactly sure who it was or what the motives are - the bandidos stole radios but not diamonds when they must have known that there would be production on hand while they had a clear opportunity to take it. So motive may not have been robbery. They could be UNITA but not necessarily. Interviewer asked Grunberg about Buckingham and he said he's not involved and not now relevant to the situation or the company. I couldn't hear it all, had other stuff going on.

To: Patrick Laflamm who wrote (98)	11/8/1999 10:49:00 PM
From: marcos	Read Replies (1) \| Respond to of 413

DiamondWorks workers still missing year after mine raid Bloody Angola attack By KEITH DAMSELL The Financial Post The whereabouts of eight employees of DiamondWorks Ltd. remains a mystery today, one year after a deadly attack on the company's Angola mine. In the early hours of Nov. 8, 1998, 50 men attacked the Yetwene mine, a $360-million (US) diamond property owned by the Vancouver-based company. Eight workers were killed, 16 wounded. Another eight employees were abducted, their captors believed to be the rebel group Unita. "We're still hopeful they're alive," said Bruce Walsham, president, chief executive and chairman of DiamondWorks. The anniversary is a grim reminder of the hazards of doing business in Africa, host to some of the world's richest mineral bodies and most-corrupt and ruthless regimes. "The trouble spots will always offer risks and rewards and that's part of the equation," said Dorothy Atkinson, an analyst at Vancouver's IPO Capital Ltd. In the mid-1990s, when spectacular mineral discoveries in Newfoundland, Peru and Indonesia pumped millions into the junior exploration market. Dozens of companies chose Africa, much of which has not been fully explored for mineral resources. The failures outweigh the successes. In the Democratic Republic of Congo, military and political turmoil have spelled problems for several companies. Banro Resource Corp. of Toronto lost a key exploration agreement last year. In February, Vancouver's Tenke Mining Corp. abandoned a $475-million (US) copper-cobalt project proposed for the central African nation. Namibian Minerals Corp. of Vancouver has shelved Angola and Congo diamond exploration. And despite an armed security team, a counter-coup last year in Sierra-Leone forced DiamondWorks to abandon operations. "You have to be very selective when looking at countries and their risks," said Ed Flood, analyst at Vancouver's Haywood Securities Inc. He advises investors to "follow the big companies" when considering an investment in Africa. For example, Tanzania's progressive mining legislation and thriving democracy prompted Barrick Gold Corp. of Toronto to commit $280-million (US) to develop its Bulyanhulu gold mine. Peaceful Ghana, Namibia and South Africa have also attracted their fair share of mineral exploration and investment. Nevertheless, the riches of troubled nations like Angola are hard to ignore. DiamondWorks resumed Yetwene production in April this year and is "very close" to earning a profit, said Mr. Walsham. Despite a May 1998 ambush by bandits that took the life of a senior mining officer, SouthernEra Resources Ltd. remains committed to diamond mining in the country. The Toronto company's Camafuca project is running smoothly, said Christopher Jennings, president. The political climate continues to improve and "the hopes of peace are closer than they were six or nine months ago," he said. canoe.ca Year ago story in referring post ... how are you, Pahww? ... still in this one? .. cheers