Diamond Fields receives $6-million through exercise of warrants
Diamond Fields International received $6-million (US$4-million) from the exercise of 9,999,999 warrants at 40 U.S. cents per share by MIL Investments.
Namibian increases three-month income
The company raised its 1999 diamond production target to 200,000 carats after a record 116,100-carat quarter and reported Q1 earnings of $5.2-million (U.S.).
Namibian Minerals sales shows diamond price increase
Namibian Minerals sold 51,325 carats for $7.8-million (U.S.), averaging $153 per carat, a 16 per cent increase over the previous quarter.
Diamond Fields sells parcel of 4,450 carats
Diamond Fields International sold a parcel of 4,450 carats in Antwerp for an average of $164 (U.S.) per carat.
Diamond Fields sells parcel of diamonds for $164 (U.S.)/carat
Diamond Fields International sold a 4,450-carat parcel in Antwerp for an average of $164 (U.S.) per carat from its Namibian offshore phase 1 sampling program.
Namibian’s seven-month earnings
Namibian Minerals Corporation (Namco) reported earnings of $3.1-million (U.S.) from its Luderitz Bay marine diamond mining operation for the seven months ended Dec. 31, 1998.
Namibian’s mining vessel christened
Namibian President Sam Nujoma christened the mining vessel MV Kovambo. The ceremony took place on Feb. 5, 1999, with Namibia's first lady.
Namibian Minerals beats annual production target
Namibian Minerals Corporation exceeded its annual production target of 150,000 carats in under 10 months, driven by improvements to its NamSSol mining system.
Namibian achieves record monthly production
Namibian recorded monthly production of 26,000 carats in December 1998, taking output to more than 126,000 carats over its first nine months of production.
Diamond Fields receives results from Namibia
Diamond Fields International completed phase 1 sampling of its Luderitz sea diamond concessions in Namibia, recovering 4,484 carats at an average grade of 1.28 carats per square metre.