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  September 5, 2001
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Home > Company Index > Metals & Mining > Diamonds & Other Precious Stones > Star Resources Corporation

Star Resources Corporation
OTC: SRRCF
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 PROFILE
Okay, diamonds are forever, but Star Resources hopes finding them doesn't take forever. The company, which was formed in 1988, holds leases on several diamond properties in Arkansas adjacent to the Cradle of Diamonds State Park. However, none of its properties has proven worthy of commercial development. Star Resources also owns a diamond recovery plant in Arkansas, which it had leased to third parties. Curtailment of operations at the diamond recovery plant has drastically increased the company's losses, but new properties, acquired in part from Potlatch Corporation, offer new hope for gem finds. Investment firms CDS & Co. and Cede & Co. own 57% and 31%, respectively, of Star Resources.

 COMPETITION
Anglo American plc (AAUK)
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 FINANCIAL OVERVIEW
Fiscal Year-End: January
2000 Sales (mil.): 3.00
1-Yr. Sales Growth: (97.0)%
Employees: 1
Revenue per employee: $3,000,000.00

 KEY PEOPLE
• J. David Edwards
    CEO
• J. David Edwards
    CFO

 CONTACT INFO
2000 S. Dairy Ashford, Ste. 510
Houston, TX 77077
US
Phone: 281-870-9882
Fax: 281-870-9934

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