Yes, thank you, Mr. Speaker. I spoke on a number of occasions that diamonds are different than any other commodity and that we have to be very careful as to how we approach this industry and ensure that Canadian interests as well as northern ones are protected. There is no question, if you want. The value or the return on investment that this industry has historically in Africa, Australia and other countries is significant. I am advised that this current diamond activity going on in the Northwest Territories could bring somewhere in the range of two mines that are up and running of about 7.7 million carats a year and that a large percentage of those carats are of gem quality which would mean a significant return on investment for both companies.
John Todd on Question 667-13(4): Diamond Development Revenues
In the Legislative Assembly on October 14th, 1997. See this statement in context.
Return To Question 667-13(4): Diamond Development Revenues
Question 667-13(4): Diamond Development Revenues
Item 6: Oral Questions
October 13th, 1997
Page 1562
John Todd Keewatin Central
See context to find out what was said next.