Key points
- Diamond Fields International Ltd. converted exclusive prospecting licences 1607A and 1607B into marine diamond mining licences ML138 and ML139.
- ML138 covers 9,200 hectares (92 square kilometres) and carries an initial tenure of 12 years.
- ML139 covers 13,600 hectares (136 square kilometres) and is valid for 22 years.
- The Namibian Ministry of Mines and Energy notified the company that its licence conversion application was successful.
Diamond Fields International
Ltd. has
received notification from the Namibian Ministry of Mines and Energy that its
application to convert its existing exclusive prospecting licences 1607A and 1607B to mining licences for marine diamonds has been
successful.
The newly awarded mining licences are ML138 and ML139 and have areas of
9,200 hectares (92 square kilometres) and 13,600 hectares (136 square
kilometres) respectively. ML138 has an initial tenure of 12 years and ML139 is
valid for 22 years.
