Key points
- Namibian Minerals Corporation surpassed its 150,000 carat annual production target in under 10 months.
- Technical enhancements and increased operator skill with the NamSSol mining system drove the production increase.
- The company set a monthly production record of 26,000 carats in December 1998, a trend that continued into January.
- The results position the company as the No. 1 independent marine diamond miner.
Namibian Minerals Corporation has exceeded its annual production target of
150 000 carats in under 10 months.
Technical enhancements and increased operator skill with the NamSSol
mining system have led to a marked and sustained increase in production
performance. A monthly production record of 26,000 carats was announced in
December 1998; this trend has continued in January.
These outstanding results have been
achieved after a sharp learning curve for the operations team and establish
the company’s position as the No. 1 independent marine diamond miner.
WARNING: The company relies on litigation protection for “forward-looking” statements.
