49 North Resources Inc.
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Diamonds

  • Saskatchewan hosts the largest diamond bearing Kimberlite field in the world at Fort a La Corne.
  • Canada is now the third largest diamond producer in the world.
  • Unethical mining practices throughout the world are increasing the demand for Canadian diamonds.
  • Global economic prosperity and changing demographicsare increasing demand.
  • Rough diamond prices have experienced significant price increases in 2009.

As the major diamond mines begin production, Saskatchewan could gain a sizeable 1% lift to its economy in each of 2009 and 2011… over the next 25 years royalties could average $130 million annually for about a decade.

Derek Holt, Assistant Chief Economist RBC Financial Group

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