Afri-Can Marine Minerals has signed a deal with De Beers Marine to run a reconnaissance sampling program on its Block J marine diamond concession off Namibia starting Nov. 20.
Diamond Fields and Trans Hex's mv Namakwa left Cape Town for sea trials ahead of full-scale diamond mining offshore Luderitz, Namibia in early November.
Namibian Minerals' four senior lenders extended the company's capital repayment moratorium by one month to Oct. 31, 2001, as debt rescheduling talks continue.
Namibian Minerals settled a $9-million business-interruption insurance claim tied to the January accident that damaged its NamSSol seabed crawler mining system.
Afri-Can Marine Minerals reported positive geophysical survey results identifying 17 prospective diamond-bearing features across Block J, north of Luderitz, Namibia.