Diamond Fields International reported a second consecutive quarterly operating profit for its Marshall Fork diamond joint venture with Trans Hex for the quarter ended Dec. 31, 2001.
Afri-Can Marine Minerals reported that De Beers Marine recovered 23 gem-quality diamonds totaling 4.65 carats from 338 samples on the Block J concession offshore Namibia.
Diamond Fields reported January 2002 mining results from its Trans Hex joint venture on the western fork of Marshall fork offshore Namibia, with grades 170 per cent of feasibility estimates.
Afri-Can Marine Minerals reported a first-quarter fiscal 2002 net loss of $223,123, up from $120,327 a year earlier, for the period ended Nov. 30, 2001.
Afri-Can Marine Minerals closed a $532,450 private placement of 2,315,000 units and announced a further $199,985 placement, with proceeds funding Namibian exploration.