Key points
- Diamond Fields International Ltd. has suspended operations of the MV DF Discoverer diamond mining vessel until further notice.
- The board cited the severity of the global economic downturn and a sudden drop in rough diamond prices.
- The company will move forward with drilling its Liberia gold discovery starting in early January 2009.
- The Liberia drilling program is a joint venture with Silverhill Enterprises Ltd. and Ducor Inc.
Diamond Fields International Ltd. has suspended operations of its
diamond mining vessel, the MV DF Discoverer, until further notice. The board of
directors has made this decision based on the severity of the global economic
downturn and the sudden drop in the price of rough diamonds.
The company is pleased to announce that, together with its joint venture
partners, Silverhill Enterprises Ltd. and Ducor Inc., it will be moving forward
aggressively with drilling its Liberia gold discovery beginning in early
January, 2009.
