Public Companies

Diamond Fields sold 7,127 carats at a record $239 per carat. The July 8, 2004 sale totaled $1.7 million (U.S.).

Diamond Fields JV recovered 20,916 carats off Namibia's coast. The 22-day run yielded 59,578 stones, split 50/50 with Samicor.

Diamond Fields expanded Greenland holdings and drilled in Norway. It budgeted $750,000 (U.S.) for 2004 exploration.

Diamond Fields and Samicor began mining at ML111 near Luderitz. The $30-million MV Kovambo carries a 50-ton-per-hour processing plant.

Diamond Fields appointed Jack McOuat to its board of directors. It also posted a $641,973 (U.S.) net loss for the quarter ended March 31, 2004.

Diamond Fields International acquired two mineral licences in Liberia. One targets diamonds near Nimba, the other gold near Cestos.

Diamond Fields and Samicor cleared all joint venture conditions. Mining on ML111 near Luderitz is set to start by early June, 2004.

Diamond Fields International acquired Ogna project in Norway. Drilling starts mid-May 2004 under a 1-per-cent net smelter royalty.

DFI closed its acquisition of the remaining 30% stake in IGC. It now owns 100%, paying 612,572 shares held until Aug. 1, 2004.

Diamond Fields sampled its Valozoro nickel deposit in Madagascar. Grades reached 8.56 per cent nickel in some samples.