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Home > Company Index > Metals & Mining > Diamonds & Other Precious Stones > Dia Met Minerals Ltd.

Dia Met Minerals Ltd.
AMEX: DMM
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 PROFILE
Dia Met Minerals' piece of the rock is a stake in Canada's first major diamond mine. Dia Met -- which has agreed to be acquired by Australian mining giant BHP for around $436 million -- owns 29% of the Ekati Diamond Mine (BHP holds 51%). Ekati, located in the Northwest Territories, yields about 4 million carats a year. BHP acts as sales agent for Dia Met, and diamond giant De Beers buys 35% of Ekati's production. Dia Met is also exploring for diamonds in Finland, Greenland, Russia, Africa, and British Columbia. The company put itself up for sale in late 2000 after Marlene Fipke (ex-wife of the company's founder) and director David Mackenzie, who together own 38% of Dia Met, stated they would sell their shares.

 COMPETITION
Aber Diamond Corporation (ABERF)
De Beers Consolidated Mines Limited (dossier)
Rio Tinto plc (RTP)

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 FINANCIAL OVERVIEW
Fiscal Year-End: January
2000 Sales (mil.): 69.10
1-Yr. Sales Growth: 34,450.0%
Employees: 16
Revenue per employee: $4,318,750.00

 KEY PEOPLE
• James R. Rothwell
    CEO
• Christopher J. Ryder
    CFO

 CONTACT INFO
1695 Powick Rd.
Kelowna British Columbia V1X 4L1, Canada
Phone: 1-250-861-8660
Fax: 1-250-861-3649
Online: Web Site

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