Key points
- The operating agreement with Gemfarm Investments Pty. Ltd. was extended for six additional consecutive 30-day mining periods.
- M.V. Anya had been mining the Marshall Fork deposit in DFI’s Luderitz Blue Bay project area for four months.
- M.V. Anya is undergoing repair, maintenance and upgrade work in Cape Town, with recovery operations expected to resume in mid-May.
- DFI appointed Marcel de Groot, a chartered accountant formerly of Grant Thornton LLP, as chief financial officer in place of Horng Dih Lee.
Diamond Fields International’s operating agreement in place for M.V. Anya with Gemfarm Investments Pty. Ltd. has been extended for a further six additional consecutive 30-day mining periods.
Jean-Raymond Boulle, chairman and chief executive officer of DFI, commented, “We are pleased to extend the program with Gemfarm following successful diamond recovery operations during the four months the Anya has been mining in the Marshall Fork deposit in our Luderitz Blue Bay project area as diamond production levels and sales results have shown a steady increase over this period.”
Roger Daniel, director of operations for DFI, said: “M.V. Anya is currently undergoing repair, maintenance, and improvement and upgrade work in Cape Town. Dry dock congestion and increased scope of work as a result of Gemfarm’s empowerment partner’s requirement to upgrade the ship’s classification society and change in its flagging state to South Africa have led to delays, with more port time required than originally anticipated.
“We are now looking forward to resuming recovery operations in mid-May. On the plus side, following this extensive work program we anticipate improved availability and efficiency from the vessel and its twin airlift mining system, resulting in improved diamond production and profitability.”
The company has appointed Marcel de Groot as chief financial officer in place of Horng Dih Lee. Mr. de Groot is a chartered accountant formerly of Grant Thornton LLP. Since leaving public practice in 1999, he has worked as a consultant for public and private companies with revenues of up to $40-million (U.S.), including certain public mining companies.
WARNING: The company relies upon litigation protection for “forward-looking” statements.
