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Aber sells Snap Lake to De Beers to fund Diavik

DE BEERS has emerged an unexpected winner from yesterday's decision by arch-rival Rio Tinto to pr...

Tim Treadgold

To help pay for its 40% share of the C$1.3 billion Diavik development, Aber Diamond Corporation has sold its minority interest in the Snap Lake diamond project to De Beers. The deal will generate C$173...

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