Aber sells Snap Lake stake

Article Abstract:

Aber Diamond Corp. is selling its 32% share of the Snap Lake diamond prospect to De Beers Consolidated Mines Ltd. of South Africa for $173 million. The money will be used to finance the development of a bigger diamond project. The acquisition will enable De Beers to take control of the Northwest Territories property it bought when it acquired Vancouver-based Winspear Diamonds Inc. for $203 million.

Foreign operations, Aber Diamond Corp.

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Aber closer to okay on diamond mine

Article Abstract:

Toronto, Ont.-based Aber Resources Ltd. and United Kingdom's Rio Tinto PLC have received approval from the Northwest Territories' government to operate a new diamond mine. The $1.3 billion mine, which is located near Yellowknife, had received opposition from Native Americans living in the region.

New capacity, new plant construction, Government domestic functions, Mining & Extractive Industries, Mining, Finance, Political aspects, Rio Tinto PLC, RTP, Northwest Territories, Aber Resources Ltd., ABERF

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DeBeers won't bid for Dia Met

Article Abstract:

South Africa's De Beers Consolidated Mines Ltd. will not seek to acquire Vancouver-based Dia Met Minerals Ltd. Dia Met, which is a diamond mining firm, has been offered for sale.

Nonmetal Minerals NEC, Mineral industry, Nonmetallic mineral deposits, Dia Met Minerals Ltd.

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