GLG News Analyses of the following article:
Proposed merger between Stellar Diamonds and West African Diamonds
Published at: www.yourminingnews.com
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A major player in diamond production from West Africa?
November 6, 2009
A business combination in the form of a takeover of Western African Diamonds Ltd by Stellar Diamonds Ltd will have little impact on the diamond producing countries of West Africa. Production will remain small in volume and revenue. The combined company as a pure diamond company may have increased attractiveness to investors. Renewed interest in Western African diamond deposits is good for the local economies and people.
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