Diamond Fields reported its first-ever quarterly net income of $69,912 for the quarter ended March 31, 2002, versus a $1,125,550 net loss a year earlier.
Namibian Minerals Corporation reported a first-quarter net loss of $7.95-million on revenue of $6,378,000 from diamond sales for the period ended March 31, 2002.
Afri-Can Marine Minerals agreed to let Ototinana Regional Marine Mineral Exploration Pty Ltd, owned by four Namibian regional councils, acquire a direct interest in the company.
Afri-Can Marine Minerals received a final report on its December 2001 sampling program on Block J, Namibia, confirming diamonds across three features totalling 10 million square metres.
Diamond Fields International said diamond prices from its Trans Hex Group joint venture sale rose 12 per cent quarter-over-quarter and nearly 40 per cent above October 2001 lows.
Namibian Minerals Corporation reported a $56-million net loss and diamond production of 85,589 carats for the year ended Dec. 31, 2001, following an operational accident and provisional liquidation.