Public Companies

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.

Diamond Fields International reported phase 3 sampling results from its Namibian sea diamond concessions near Luderitz, collected by De Beers Marine aboard the Douglas Bay between August and December 1999.

Diamond Fields International has appointed additional contractors for the final feasibility study on its sea diamond concessions near Luderitz, Namibia, due in July at an estimated cost of $500,000 (U.S.).

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.