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Divorce rocks Canadian industry.(Marlene and Charles Fipke)(Brief Article)

New York Diamonds

| May 01, 2000 | COPYRIGHT 2007 Reed Business Information, Inc. (US). (Hide copyright information)Copyright

Charles Fipke is a legendary figure in the mining community. For years the Canadian-born geologist stuck to his conviction that vast quantities of diamonds lay under the frozen earth of his country Northwest Territories. In 1991 he hit paydirt, with the discovery of a deposit that was to evolve into Canada's first working mine, Ekati, in which Fipke holds a 10 percent share.

Now, a new and surprising chapter has been written in Fipke's colorful life history. In an out-of-court agreement, he agreed to transfer to his estranged wife Marlene all his shareholdings in Dia Met Minerals, the diamond exploration company. According to the agreement, Mrs. Fipke will receive …

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