Public Companies

Diamond Fields has awarded Seacore Limited a $150,000 contract for detailed design and consultancy work as part of the final feasibility study for its Namibian sea diamond concessions.

Diamond Fields International named Francis J. Waldron chairman and CEO, and appointed Mark Collins as COO to advance the Luderitz diamond project in Namibia.

Diamond Fields International received an independent scoping study from AGRA Simons for a sea diamond mining operation at its Marshall Fork feature near Luderitz, Namibia.

Diamond Fields International received a new resource estimate from MRDI/Agra Simons for the Marshall Fork feature on its Luderitz, Namibia sea diamond concessions, totaling 914,600 carats.

Diamond Fields sold 6,475 carats from Namibia's Marshall Fork feature for $158 (U.S.) per carat in Antwerp, netting $1-million.

Diamond Fields reported progress on its sampling and test mining program at the Marshall Fork and Elephant Basin marine diamond concessions near Luderitz, Namibia.

Diamond Fields reported a net loss of $1,572,530 for fiscal 1999, ended June 30, with cash reserves rising to $9,308,999 after raising nearly $11-million.

Diamond Fields International began phase 3 of advanced diamond sampling on its Luderitz Sea concessions in Namibia with De Beers Marine on Aug. 28.

Diamond Fields has commenced phase 2 of its advanced sampling program on the Luderitz Sea diamond concessions in Namibia, using De Beers Marine's vessel mv Coral Sea.

Diamond Fields International elected Frank Waldron, a Mony Group senior vice-president, to its board of directors.