Nice little read

[Bart]

TEXT

By: kranker2000
12 Jul 2004, 07:36 PM EDT
Msg. 39865 of 39908
(This msg. is a reply to 39463 by jcarmans.)
Jump to msg. #
I hate to speculate like this but nobody else is holding back - lol.

Why, after decades, does Debeers feel compelled to play in the US Diamond market now? Other than the general problems they have faced mining in other countries for decades.

"But the company's desire to expand into new markets, particularly the United States, as well as changes in the diamond business eventually prompted De Beers to negotiate the settlement, it added"

Now for the speculation. Why after 50 years on the run? Why at the precise time we site here waiting for some major CMKX deal? At this exact moment. Coincidence, maybe.

Oh yeah, not sure they would be able to acquire a US companies if they were still on the run. It would be slightly difficult to complete the accounting on the side of the US acquired-partnered company if they were being purchased by a corp under antitrust ban. Perhaps DeBeers has a deal or two in the works, after 50 years....

Again, why now after 50 years? Did I mention why now?

-kranker


YES WHY. This should make some think. Why Now.

[azesm]

For many reasons, I guess.
One of them could be this:


Monday July 12, 9:57 PM
Angola Sees Diamond Rev Up To $5B; No Talks With De Beers

RAMAT GAN, Israel (Dow Jones)--Angola expects its diamond revenue to jump to $5 billion in the next five years from less than $1 billion, the president of the country's national diamond company told a conference here Monday.

Manuel Arnaldo de Sousa Calado, the president of Empresa Nacional de Diamantes de Angola EP, known as Endiama, said in translated comments to media that there are no talks with global diamond giant De Beers SA on reentering Angola's diamond market. But he added: "We need investors and every company is welcome."

ADVERTISEMENT
The world's biggest miner and marketer of diamonds suspended operations in Angola in May 2001 after the Angolan government introduced a new law that had the effect of removing exclusivity guarantees awarded to De Beers on marketing diamonds from three concessions in the country. De Beers is a 45%-held unit of Anglo American PLC (AAUK).

The law was put in place to accommodate the creation of a state diamond-buying monopoly called Ascorp, which is partly owned by Israeli diamond merchant Lev Leviev.

As recently as March 2003, De Beers had agreed to extend talks with Endiama to forge a new contract to prospect, mine and market diamonds from the war-shattered African country.

It isn't clear when talks between De Beers and Angolan officials were stopped.

Calado said Monday that talks are continuing with OAO Almazy Rossii-Sakha (AZR.YY), or Alrosa, Russia's principal diamond miner, and Anglo-Australian resources giant BHP Billiton Ltd. (BHP).

Diamond smuggling, he said, is down 70% since the end of Angola's civil war.

"We're taking all the measures to normalize the diamond situation in Angola," Colado said. Efforts to control borders are being stepped up, wildcat foreign miners are being expelled and Angolan smugglers are being found other work, he added.
sg.biz.yahoo.com/040712/15/3ln8z.html





----------------------------------------------------------------------------

They're losing there but hoping to find here...

[Bart]

TEXT

Good post AZ.