the developing world. It is highly likely that this development will
continue into 2013 and, in the much longer term, could mark a
strategic shift eastwards. Cities like Dubai, Mumbai and Shanghai
are becoming serious contenders.
In a recent development, Harry Winston Diamond Corp.
[HW-TSX; HWD-NYSE] has agreed to buy all of BHP Billiton
Canada Inc.'s assets including its controlling (80%) interest in
the producing Ekati Diamond Mine located 310 km northeast of
Yellowknife, Northwest Territories. The deal includes the associated diamond sorting and sales facilities in Yellowknife and
Antwerp, Belgium. Harry Winston has a 40% interest in the
nearby producing Diavik Diamond Mine. n
DECEMBER 2012/JANUARY 2013
www.resourceworld.com 15
