diamond company
Aber Diamond Corporation is a diamond marketing company whose major asset is a 40% interest in the Diavik group of mineral claims, which is held by its wholly owned subsidiary, Aber Diamond Mines Ltd. Diavik Diamond Mines Inc. (DDMI), a subsidiary of Rio Tinto plc, is the operator of the Diavik Diamond Mine and holds the remaining 60% interest. The mine is located approximately 300 kilometers northeast of the City of Yellowknife in the Northwest Territories, Canada. During the fiscal year ended January 31, 2004 (fiscal 2003), the Diavik Mine had achieved certain levels of production and sales, physical project completion, as well as certain levels of mining and diamond processing activities to be considered in commercial production. Aber received 1.5 million carats from the Diavik Mine in fiscal 2003.