Poseidon, Author at Ocean Mining News

Diamond Fields Resources

onSeptember 5, 2001

Diamond verifies high-grade diamond concentrations

Trans Hex and Diamond Fields International's Namibian joint venture has recovered over 6,000 carats in three months, with individual trenches showing grades above five carats per square metre.

Namibian Minerals Corporation

onAugust 23, 2001

Namibian loses $12.9-million (U.S.) in second quarter

Namibian Minerals reported a second-quarter 2001 net loss of $12.9-million (U.S.), or 17 cents per share, as operations recovered from the NamSSol accident and provisional liquidation.

Afri-Can Marine Minerals

onAugust 23, 2001

Afri-Can Marine receives approval to close financing

Afri-Can Marine Minerals received regulatory approval to close a $296,490 private placement of 1,411,857 units to fund diamond exploration sampling programs.

Afri-Can Marine Minerals

onAugust 1, 2001

Afri-Can receives Block B licence area results

Afri-Can Marine Minerals received positive geophysical survey results identifying 17 diamond-bearing sites across six areas in Block B, north of Luderitz, Namibia.

Afri-Can Marine Minerals

onJuly 30, 2001

Afri-Can Marine receives approval to close financings

Afri-Can Marine Minerals received regulatory approval to close private placements totalling $1,555,630, with a further $296,490 placement still pending approval.

Namibian Minerals Corporation

onJuly 13, 2001

Namibian makes several board appointments

Namibian (Namco) appointed five new directors and a new CFO following its June 29, 2001 annual general meeting, while creditors approved schemes of arrangement for subsidiaries in provisional liquidation.

Diamond Fields Resources

onJuly 9, 2001

Diamond/Trans Hex diamond recovery exceed expectations

Diamond Fields-Trans Hex joint venture recovered over 9,600 diamonds weighing more than 3,100 carats in the first five weeks of commissioning at Marshall Fork, offshore Luderitz, Namibia.