For immediate release
July 31, 2002
DE BEERS CONSIDERS ITS OPTIONS FOR VICTOR
De Beers is surprised by the announcement made by the Attawapiskat First
Nation that they are terminating the Memorandum of Understanding (MOU),
which is in effect between the company (then Monopros Ltd) and the Attawapiskat
First Nation.
The company believes that the MOU provides an excellent
framework for working with the First Nation. De Beers is
taking the matter under legal review, is examining all
options for the Victor project and will make an announcement
on its position shortly.
De Beers recognizes and accepts the need for the community
to take two months to do an internal review, however, the
company believes that this can be accomplished under the
framework of the November 1999 MOU and without stopping
the community consultation process.
- Ends -
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further information contact:
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Linda Dorrington
Manager - Public and Corporate Affairs
De Beers Canada
Email: linda.dorrington@ca.debeersgroup.com
Tel: (416) 645-1710 ext 412 / (905) 849-0619
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