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

To: reg who wrote (1257)	3/18/1999 6:14:00 AM
From: Bob Fairchild	Read Replies (2) \| Respond to of 2522

Thanks Reg. The Minister of Mineral Resources, Mohamed Swarray Deen, issued a press statement Tuesday clarifying "certain issues related to Kimberlite mining in the Tongo Fields," quoted by a government news release issued on Wednesday. A concession was granted to Rex Diamond Mining Company in 1994 to mine diamonds at Tongofield, and the company's lease is still current, the statement said, adding that it was therefore not true Branch Energy had been granted a license to mine in the same area. Reuters reported Monday that Branch Energy had been issued concessions to conduct underground mining operations in Kono District and at Tongofield. Branch Energy, the statement said, is expected to start diamond mining operations in Koidu "when security is fully restored to the country.