Diamond Fields International Ltd. (DFI), with a view to reducing its overhead and to bring its management closer to its base of operations in Africa, has decided to relocate its head office from Vancouver, B.C., to Cape Town, South Africa. It is anticipated that the closing of the Vancouver office will bring about significant savings in overhead as DFI already maintains an operational office in Cape Town. The effective date of this transfer will occur in the first quarter of 2006 and will be announced in due course by the company.
Further to this transition, Gregg J. Sedun has stepped down as president and chief executive officer of DFI to pursue other endeavours and has been replaced by Roger Daniel, DFI’s current director of operations based in Cape Town. Mr. Sedun will continue on as a director of Diamond Fields and has agreed to assist the company to make an orderly transition. On behalf of the board of directors, the company extends its appreciation to Mr. Sedun for his many significant contributions to the company, as well as his tireless effort in managing the company’s affairs over the last two years. The company wishes him the best of luck in his future endeavours.
The company’s new president and chief executive officer, Mr. Daniel, BSc (honours) in geology at London, is a registered professional geologist and fellow of the South African Institute of Mining and Metallurgy, with over 35 years worldwide practical mining experience encompassing mineral exploration, project assessment, and mine and project management at both operating and board level.
Mr. Daniel’s career has covered a wide range of metals and minerals including diamonds, gold, nickel, copper and other metals, and has included projects and mining property valuations throughout Africa and other continents. He served for 12 years with a privately owned mine development and management company as director of geology and exploration, and executive director of numerous public and private mining, and mining related companies. Mr. Daniel served 10 years with the Gold Fields group of companies in South Africa (becoming chief geologist at a major South African Witwatersrand gold mine), as well as six years with Namibian Minerals Corp. (Namco) as project director in the successful early-stage development of its marine diamond project in southern Africa. Mr. Daniel joined DFI in April, 2001, as operations director and was appointed to DFI’s main board in mid-2003.
Mr. Daniel has been directly associated with a number of discoveries of significant deposits and in mine/company management where he has been involved in the establishment, growth and development of many varied mining projects. He has extensive experience in all aspects of the mining business, including strategy development and hands-on management of operations, production, administration, fundraising, and investor and government relations.
