Posted AT 4:20 PM EST on 18/11/08
De Beers to cut diamond output in Canada
OTTAWA — Top diamond producer De Beers SA expects to cut back output at its two new Canadian mines by 10 to 20 per cent because of a recent drop in demand, De Beers Canada Inc. chief executive officer Jim Gowans said Tuesday.
But Mr. Gowans told Reuters that the Canadian operation, which saw a $965-million (U.S.
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