Namibian integration of Ocean Diamond progressing
Namco reports continued integration progress at Ocean Diamond Mining, with ODM's November-December 1999 production up 30 per cent and diamond prices rising in early 2000.
Diamond Fields awards contract to Seacore
Diamond Fields has awarded Seacore Limited a $150,000 contract for detailed design and consultancy work as part of the final feasibility study for its Namibian sea diamond concessions.
Diamond Fields appoints new chairman
Diamond Fields International named Francis J. Waldron chairman and CEO, and appointed Mark Collins as COO to advance the Luderitz diamond project in Namibia.
Namibian year-end results
Namco reported 1999 full-year earnings of $17.1-million (U.S.) on revenues of $42.8-million, driven by record diamond production and the acquisition of Ocean Diamond Mining Holdings.
Namibian Minerals charters new vessel for exploration
Namibian Minerals (Namco) has chartered the vessel MV Zacharius under a five-year deal with a purchase option to explore its Namibian ocean diamond concessions starting in the third quarter.
Diamond Fields receives Marshall Fork scoping study
Diamond Fields International received an independent scoping study from AGRA Simons for a sea diamond mining operation at its Marshall Fork feature near Luderitz, Namibia.
Diamond Fields receives estimate for Marshall Fork
Diamond Fields International received a new resource estimate from MRDI/Agra Simons for the Marshall Fork feature on its Luderitz, Namibia sea diamond concessions, totaling 914,600 carats.
Namibian completes financing for marine diamond mining
Namibian Minerals secured a $25-million project loan from HSBC Equator Bank and Nedcor Africa to finance construction of its second marine diamond mining system, Nam II.
Namibian Minerals secures second mining licence
Namibian Minerals (Namco) has been granted its second mining licence, ML 103A, and awarded ISO 14001 environmental accreditation.
Diamond Fields sells test parcel diamonds
Diamond Fields sold 6,475 carats from Namibia's Marshall Fork feature for $158 (U.S.) per carat in Antwerp, netting $1-million.