Afri-Can concludes private placement agreements
Afri-Can Marine Minerals concluded $1.75-million private placement agreements with European, Canadian and African investors.
Diamond Fields diamond recovery exceeds expectations
Diamond Fields reports diamond recovery exceeding expectations during commissioning of the mv Ivan Prinsep at the Marshall Fork feature offshore Luderitz, Namibia.
Namibian experiences first quarter loss
Namibian Minerals reported a first-quarter 2001 net loss of $12.2-million (U.S.) on revenue of $4.7-million after the NamSSol accident halted diamond production and led to provisional liquidation of nine subsidiaries.
Namibian first quarter financial statements delayed
Namco will delay its Q1 2001 interim financial statements past the May 30 deadline, expecting to file by June 6, 2001.
Diamond Fields/Trans Hex commences commissioning of JV
Diamond Fields and Trans Hex began commissioning the mv Ivan Prinsep at Marshall Fork, Namibia on May 24, 2001, ahead of schedule.
Namibian earns two cents per share in year 2000
Namibian Minerals Corporation reported 2000 earnings of $1.0-million (two cents per share) on revenues of $41.8-million, down from $17.1-million a year earlier.
Namibian completes Leviev Group transaction
The company completed its Leviev Group transaction and had its three Namibian subsidiaries discharged from provisional liquidation last week.
Diamond Fields names Heyes, Jones as managers
Diamond Fields International appointed Charles F. Heyes as engineering manager and Ivor J. Jones as metallurgical manager ahead of marine diamond production offshore Luderitz, Namibia.
Namibian Minerals arranges financing
Namibian Minerals raised a further $2.6-million (U.S.) through a private placement of 10-per-cent special notes.
Namibian resumes mining operations on board MV Ya Toivo
Namco resumed mining operations aboard its MV Ya Toivo vessel over the weekend after court-ordered liquidation extensions.