Public Companies

Trans Hex Group has acquired the mining vessel Ivan Prinsep from Namibian Minerals Corp and will place it into commercial operations at Marshall Fork by mid-June, about 5.5 months ahead of schedule.

Diamond Fields International received formal approval from Namibia's Minister of Mines and Energy for its joint venture with Trans Hex Group to mine offshore licence 111.

Diamond Fields International and Trans Hex Group have signed a joint venture agreement to mine diamonds from two areas of Diamond Fields' offshore Namibian licence ML 111.

Diamond Fields International has received formal documentation for mining licence ML111, offshore Luderitz, Namibia, from the country's minister of mines and energy.

Diamond Fields will get a $2-million (U.S.) loan and 24-per-cent stake in Diamond Tenders (Belgium) N.V. in exchange for exclusive diamond marketing rights.

Namibia's Minister of Mines and Energy has given notice of intent to grant Diamond Fields International's Namibian subsidiary mining licence ML111 offshore Luderitz.

Diamond Fields has appointed Francis Waldron as president, effective immediately, replacing Daniel Johnson in that role.

Diamond Fields' board approved proceeding, subject to financing, with development of the Sea Diamonds project offshore Luderitz, Namibia, following a positive feasibility study.

Diamond Fields International received a positive September 2000 feasibility study for its Sea Diamonds offshore diamond project near Luderitz, Namibia.

Diamond Fields International's revised Marshall Fork resource estimate rose 43 per cent to 569,000 carats based on a new geophysical survey.