Namibian Minerals nine-month results
Namibian Minerals reported nine-month earnings of $16-million on $35-million revenue and closed its acquisition of 92 per cent of Ocean Diamond Mining Holdings Ltd.
Namibian Minerals controls 92% of Ocean Diamond Mining
Namibian Minerals' general offer for Ocean Diamond Mining closed successfully, giving it 92 per cent of ODM shares after acceptances covering 27 million shares.
Diamond Fields makes progress on Namibia sampling and testing
Diamond Fields reported progress on its sampling and test mining program at the Marshall Fork and Elephant Basin marine diamond concessions near Luderitz, Namibia.
Namibian to acquire remaining shares of Ocean Diamond Mining
Namibian Minerals (Namco) has made a formal offer to acquire the remaining shares of Ocean Diamond Mining Holdings it does not own, at 8.25 South African rand per share.
Diamond Fields year-end results
Diamond Fields reported a net loss of $1,572,530 for fiscal 1999, ended June 30, with cash reserves rising to $9,308,999 after raising nearly $11-million.
Namibian to acquire Ocean Diamond Mining Holdings shares
Namibian Minerals (Namco) is offering 8.25 South African rand per share, valuing Ocean Diamond Mining Holdings at $63-million (U.S.), to acquire the 30.8 million ODM shares it does not already own.
Diamond Fields begins phase 3 Namibia sampling program
Diamond Fields International began phase 3 of advanced diamond sampling on its Luderitz Sea concessions in Namibia with De Beers Marine on Aug. 28.
Namibian Minerals orders new exploration tool
Namibian Minerals has placed a $1.3-million contract with Wirth to build a new seabed exploration tool for Namco's Namibian and South African concessions.
Namibian’s chairman and CEO appointed to Ocean Diamond Mining board
Namibian Minerals chairman and CEO Alastair Holberton has been appointed chairman of Ocean Diamond Mining Holdings, with operations director Peter Looijen also joining the ODM board.
Namibian increases diamond resources
Namibian Minerals raised its total estimated diamond resources to 2.9 million carats after a bulk sampling program at Feature 022 of its Hottentot Bay grant in Namibia.