Public Companies

Diamond Fields reviewed marine diamond deposits at Luderitz Blue Bay. ML111 grades may prove out over 2 million square metres of seabed.

Diamond Fields sold its entire diamond shipment from Luderitz. It fetched $132.52 per carat for 3,532 carats in Antwerp.

Diamond Fields recovered diamonds from ML111 offshore Namibia. The MV Anya has recovered about 4,700 carats of gem-quality diamonds to date.

Diamond Fields resumed diamond production at Luderitz, Namibia. Grade results are due in January 2003.

Diamond Fields settled its Trans Hex lawsuit over Luderitz claims. It will receive about $800,000, and MIL reinstated its $2-million note.

Jean-Raymond Boulle's dissident directors won control of DFI's board. About 66% of votes backed the slate at DFI's Nov. 21, 2002 AGM.

Yukon's Supreme Court dismissed Diamond Fields' proxy challenge. Board size, five or nine seats, now hinges on the chair's rulings.

Yukon's Supreme Court adjourned Diamond Fields' 10 a.m. AGM. It was pushed to 6 p.m. pending a court ruling expected at 4 p.m.

Boulle-controlled MIL will fight DFI's bid to block dissident proxies. DFI's annual meeting is set for Nov. 21, 2002.

MV Anya sets sail toward Diamond Fields' Luderitz concessions. It is due to arrive within five days to resume mining.