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

Aber Diamond Corporation
Nasdaq (SC): ABERF
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 PROFILE
Aber Diamond Corporation holds a Canadian diamond in the rough. The company owns a 40% stake in the Diavik diamond mine, located in one of the world's richest diamond-bearing deposits. Diavik Diamond Mines, a subsidiary of Rio Tinto, owns the remaining 60% and operates the mine, scheduled to begin production in 2003. Aber plans to market its share of the diamonds under the CanaDiam brand (which will authenticate diamond origin and help jewelers avoid African diamonds mined using slave labor), and the company has agreed to supply Tiffany & Co. with $50 million in diamonds per year for 10 years. Tiffany owns 15% of Aber. To help fund the Diavik development, Aber sold its 32% stake in Canada's Snap Link diamond deposit to De Beers.

 COMPETITION
BHP Billiton (BHP)
De Beers Consolidated Mines Limited (dossier)
Dia Met Minerals Ltd. (DMM)

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 FINANCIAL OVERVIEW
Fiscal Year-End: January
2001 Sales (mil.): 0.10
1-Yr. Sales Growth: 0.0%
Employees: 13
Revenue per employee: $7,692.31

 KEY PEOPLE
• Robert A. Gannicott
    CEO
• Andrew B. Adams
    CFO

 CONTACT INFO
Ste. 1414, 181 University Ave.
Toronto Ontario M5H 3M7, Canada
Phone: 1-416-362-2237
Fax: 1-416-362-2230
Online: Web Site

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