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are falling into place for rising copper prices and copper
company share values?
RR: Yes and yes. However, the rise in copper prices won't
be due to an increase in demand but rather to the destruc-
tion of supply. We are living on copper deposits that were
discovered and developed 40 years ago. They are long in the
tooth. US $2.50 per pound copper prices are not a sufficient
price inducement to build new copper mines to generate
new supply to replace the mines that are coming off pro-
duction. It will be supply destruction over the next two
years that will fuel the copper boom not demand creation.
RW: I know you had hopes for a uranium recovery but
this seems to be delayed. What are your thoughts on ura-
nium and uranium stocks?
RR: I was wrong on my timing. Uranium required some
global recovery and we have not seen that. The consequence
of that is baseline energy demand has been very low. That
lower baseline energy demand as well as marginal increases
At Dominion Diamond, we take our
responsibilities to the environment seriously.
That's why reclamation is an important part of
Dominion Diamond's operations, even while we
are still mining. Our goal is to return the Ekati
mine site to a viable northern environment at
the end of operations.
Dominion Diamond,
committed to
the environment
2537 DDC_Resource World_1/2 Page (4.485" x 6.4") 16/05/19
www.ddcorp.ca
"The bull market in gold is closer
to the beginning than the end."
