When the Diavik diamond mine began production in 2004, there were likely more than a few miners that experienced deep pangs of regret, remembering that they could have had a shot at discovering and owning Canada’s second – and richest – diamond mine.
If only they had listened to Chris Jennings.
Jennings was one of very few people in the 1990s who understood Canada’s potential for diamond exploration and production.
At the time Chuck Fipke and Stu Blusson and BHP Billiton (NYSE: BHP) made the Point Lake diamond discovery (1991) in Lac de Gras, Northwest Territories, Jennings was in London, U.K., trying to raise money to start his own company to explore the same area for diamonds.
He had already tried to convince the heads of exploration at several majors – to no avail – that there was potential for a big find.
“Not only Falconbridge, Superior, Corona, BP – I went to see the heads of Noranda and Teck and told them there are going to be major discoveries,” Jennings said in an interview in early June. “They just laughed at me …
Continue reading at The Northern Miner.
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