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

To: trilobyte who wrote (199)	1/5/1999 1:09:00 PM
From: Kevin Hamlin	Respond to of 413

Here's a little background information on Jonas Savimbi, the leader of the Unita Forces. From what I've been able to learn, all is not well in the internal structure of the Unita Forces (thus weakening them). As well, the Unita rebels are becoming increasingly isolated from outside supporters. From the "Namibian" last September: <<<GRAND BAIE - Fourteen southern African states have branded Angola's veteran guerrilla fighter Jonas Savimbi a war criminal and backed a dissident faction of his Unita party that says it has ousted him as leader.>>> Furthermore: <<<A couple of his top officials based in the Angolan capital Luanda announced earlier this month they had deposed Savimbi as Unita head because he was not interested in implementing the Lusaka Peace Protocol of 1994. The SADC leaders said for this reason they "fully support the movement of renewal within Unita launched by its cadres and political leaders of that party...in the search for a just solution aimed at concluding the peace process and strengthening democracy in Angola".>>> For a background bio on Savimbi, and a general overview of how the two sides were formed in the first place, see encarta.msn.com Regards Kevin

To: trilobyte who wrote (199)	1/6/1999 7:04:00 PM
From: Kevin Hamlin	Respond to of 413

Well I do have to say that I like the response I get from DMW staff. Any time that I have sent them questions, some tough ones, they have answered promptly and in a straight-up manner. I sent another round of questions to them today and I'm quite pleased with their response. Here are both the questions I asked...and the answers: 1) Does the fighting that is now into the city of Malanje impact on at all on the prospects for reopening Yetwene? Can you give some indication of "geographical proximity tolerance" that DMW has to the fighting? <<<1. The fighting in Malanje has no more, and no less bearing, on our prospects for reopening Yetwene than the rest of the fighting in the central part of ANgola that has been ongoing since early December. We continue to monitor the situation daily and will make decisions based on our ability to operate safely and efficiently.>>> 2) Of what significance is it to the government to have Yetwene reopened? Are they willing or able to give any reassurance as to the safety of the people who would be working at the mine? <<<2. Endiama, the state-run diamond company, receives a royalty of 2.5% of production and a 10% share of revenue from Yetwene. As Yetwene is considered by many to be the premier new alluvial diamond mine in the country, I think it is safe to say that Yetwene is very important to the government, both from a financial perspective but also as a signal to the outside world as to the potential for Angola's diamond industry. The government has provided additional troops in the area around Yetwene and have made a swift and decisive effort to ensure the are is safe for all foreign mining companies, including ours.>>> 3) Silly as many of them are (and I do try and ignore most of them) there is a faint rumour floating around that the mine will in fact NOT be reopened any time soon. So even though I think it's "just a silly rumour", I'll put it to you anyway just for clarification. Would you please comment on the content of such a rumour? <<<<3. As we have stated before, we are planning to reopen Yetwene in late January. I have not heard the rumour to the contrary, and thus I am not in a position to comment on them. Looking forward to the mine re-opening DMW...and a good jump in shareprice!! :)) Cheers, Kevin