Back in Dec, 2000......Are you really surprise if Gahcho Kué to be 100% De Beers?
December 22, 2000 - Snap Lake to be 100% De Beers
De Beers Canada announced that it has entered an agreement to puchase Aber Diamond Corporation's 32.24% interest in the Snap Lake project, approximately 200 km. NE of Yellowknife, in the Northwest Territories. This purchase will give De Beers 100% ownership of the property which is expected to produce diamonds in 2004. This will be the first mine owned by De Beers outside of southern Africa. Aber announced that it will use the proceeds of the sale to finance its share of the Diavik project, which recently gained construction approval by its joint venture partners, Diavik Diamond Mines, Inc. and Aber Diamond Mines Ltd. It is expected to reach diamond production by 2003.