| | Business Summary | | Aber
Diamond
Corporation
is
engaged
in
the
acquisition,
exploration
and
development
of
mineral
properties
in
Canada.
Aber's
principal
assets
are
its
40%
interest
in
the
Diavik
Diamonds
Project
and
its
32.24%
interest
in
the
Snap
Lake
Project.
Diavik
has
progressed
through
feasibility,
and
a
formal
production
decision
was
announced
on
December
19,
2000.
The
Company
is
positioning
itself
to
be
less
of
a
mining
company
and
more
of
a
Canadian
diamond
marketing
company.
This
strategy
is
being
developed
through
relationships
with
Rio
Tinto
plc,
parent
company
of
Diavik
Diamond
Mines
Inc.,
which
would
act
as
the
miner;
Overseas
Diamonds
N.V.,
which
would
act
as
the
manufacturer,
and
Tiffany
&
Co.,
which
would
act
as
the
retailer. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Aber
Diamond
Corp.
is
engaged
in
the
acquisition,
exploration
and
development
of
mineral
properties
in
Canada.
The
Co.
is
involved
in
a
joint
venture
with
DDMI
involving
the
Diavik
Diamonds
Project.
For
the
three
months
ended
4/30/01,
revenues
totaled
C$150.8
million,
up
from
C$2.5
million.
Net
income
totaled
C$85.3
million,
up
from
C$723
thousand.
Results
reflect
a
C$147.7
million
gain
on
the
sale
of
Snap
Lake
Property
and
lower
SG&A
expenses
as
a
percentage
of
sales. | | More
from
Market Guide: Significant
Developments |
| | Officers | |
| Position | | John Lamacraft | Chairman | | Robert Gannicott | Pres,
CEO, Director | | Andrew Adams | VP,
CFO | | Michael Ballantyne, 54 | VP,
Northern Affairs | | Josie Romita | Controller |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/a/aberf.gif)