Namibian comments on Dow Jones article
Namibian Minerals denied a Dow Jones report of liquidation talks, confirming instead it is managing cash flow after losing the NamSSol crawler's undercarriage.
Afri-Can year-end net loss improves
Afri-Can Marine Minerals reported a fiscal 2000 net loss of $424,503, down from $6,119,507 in fiscal 1999, after consolidating Namibian marine diamond concessions.
Namibian loses undercarriage of NamSSol
Namibian Minerals lost the undercarriage of its NamSSol seabed crawler on the ocean floor after a failed recovery attempt off Namibia.
Namibian’s NamSSol sustains damage
Namibian Minerals' NamSSol seabed crawler suffered chassis damage during a recovery attempt off Luderitz Bay on Jan. 7, 2001.
Afri-Can completes blocks B and J aerial surveys
Afri-Can Marine Minerals has completed aerial and marine geophysical surveys of block B and begun a geophysical survey of block J, both north of Luderitz, Namibia.
Namibian’s NamSSol mining system damaged
Namibian Minerals' NamSSol seabed mining system parted in two and its undercarriage was left on the seabed during a Jan. 7 recovery attempt off Luderitz Bay.
Namibian Minerals first diamonds recovered from Nam 2
Namibian Minerals Corporation (Namco) recovered its first diamonds from the new Nam 2 seabed crawler aboard MV Ya Tolvo in mining licence 36 offshore Namibia.
Namibian completes construction of MV Ya Toivo
Namibian Minerals completed construction of its new mining vessel MV Ya Toivo, with sea trials nearing completion off South Africa.
Afri-Can plans detailed Woduna survey
Afri-Can has contracted Marine & Coastal Geoscience to run a $290,000, three-week geophysical survey covering 1,750 line-kilometres across the Woduna (block J) and Together Quando (block B) concessions starting Dec. 5.
Afri-Can Marine completes financing
Afri-Can Marine closed a $550,000 private placement of two million units at 25 cents each to fund exploration on its Woduna and Together Quando concessions.