Opic Confirms Commitment to Project Financing
OPIC has confirmed its commitment to $15 million in project financing for Diamond Fields International to acquire vessels for its Luderitz diamond concessions in Namibia.
Diamond Fields – Trans Hex Joint Venture Terminates
Trans Hex Group unilaterally suspended mining at Diamond Fields' Marshall Fork deposit and withdrew its vessel, leading Diamond Fields to declare the joint venture terminated as of July 5, 2002.
Namibian Minerals Corporation – Mv Kovambo Re-enters Production
Namibian Minerals Corporation's mining vessel MV Kovambo has resumed diamond production with its repaired NamSSol seabed mining tool on Namco's ML36A lease in Baker Bay, Namibia.
Diamond Fields Receives Financing Commitment for Funding of I …
Diamond Fields received final OPIC approval for up to $15-million (U.S.) in debt financing to acquire the first of two planned mining vessels.
Largest Diamond Recovered on Diamond Fields’ Luderitz Concession
Diamond Fields recovered a 17-carat diamond from its Luderitz concession offshore Namibia, the largest stone found since its joint venture with Trans Hex began in May 2001.
Afri-can Marine Appoints R.w. (dick) Foster as Resource Devel …
Afri-Can Marine Minerals appointed R.W. (Dick) Foster, a former De Beers geological manager, as resource development manager.
Afri-can Marine Minerals Corporation to Proceed with a Privat …
Afri-Can Marine Minerals will proceed with a private placement of up to $2.5-million to fund Namibia exploration and working capital.
Afri-can Marine Minerals Plans to Delineate Resources From It …
Afri-Can Marine Minerals has completed the design of a follow-up sampling program to delineate inferred and indicated resources on Namibia's block J marine diamond concession.
Diamond Fields International Files a Notice of Intention to M …
Diamond Fields International filed notice to buy back up to one million common shares over the next 12 months starting June 7, 2002.
Diamond Fields Announces Positive Third Quarter Results
Diamond Fields reported its first-ever quarterly net income of $69,912 for the quarter ended March 31, 2002, versus a $1,125,550 net loss a year earlier.