Just as the dispute over developing the AK6 mine deepens between joint venture partners De Beers and African Diamonds (AfDiamonds,) the junior miner’s chairman, John Teeling, said Wednesday he believes the likely outcome to the rift will be a takeover of his company. “We simply cannot afford to wait two to three years for AK6 to develop [as De Beers proposes,]” Teeling told Rapaport News. “In the end we will probably be taken over by De Beers itself, or one of its friends as a new strategic partner, or another company that recognizes the value in African Diamonds.”

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