Namibian names Evans as COO
Namibian Minerals (Namco) has appointed Bruce Evans as chief operating officer, effective immediately.
Namibian diamond production rises 42% in Q3
Namco's third-quarter 2000 diamond production rose 42 per cent to 65,000 carats from the prior quarter, though the company posted a $665,000 (U.S.) loss.
Namibian starts new exploration program
Namibian Minerals' new vessel MV Zacharias has started a five-year exploration program on the company's Namibian ocean diamond licences, incorporating areas from the Ocean Diamond Mining takeover.
Afri-Can arranges financing
Afri-Can completed a $500,000 private placement of 1,666,667 units at 30 cents each to fund geophysical surveys on its Woduna and Together Quando diamond concessions.
Namibian earnings drop in second quarter
Namibian Minerals reported second-quarter 2000 earnings of $1-million (U.S.), down from $5.4-million a year earlier, as diamond production fell to 98,500 carats for the half-year.
Namibian revises outlook; Nam 2 results
Namibian Minerals cut its 2000 production forecast to 225,000-250,000 carats after mining difficulties, vessel downtime and the withdrawal of MV Oceandia.
Namibian Minerals increases dividend in first quarter
Namibian Minerals reported first-quarter 2000 earnings of $2.2-million (U.S.) and raised its dividend 50 per cent to three U.S. cents per share.
Namibian receives ruling regarding Ocean Diamond
South Africa's Securities Regulation Panel ruled on appeal that Namco did not act in concert with a local consortium in its $60-million acquisition of Ocean Diamond Mining Holdings Ltd.
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.
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.