Namibian arranges financing
Namco arranged $10.25-million (U.S.) in financing through Canaccord Capital, comprising an $8.25-million share sale and $2-million in convertible debentures, subject to approvals expected in March, 2001.
Namibian comments on Dow Jones article
Namibian Minerals denied a Dow Jones report of liquidation talks, confirming instead it is managing cash flow after losing the NamSSol crawler's undercarriage.
Diamond Fields receives papers for mining licence ML111
Diamond Fields International has received formal documentation for mining licence ML111, offshore Luderitz, Namibia, from the country's minister of mines and energy.
Afri-Can year-end net loss improves
Afri-Can Marine Minerals reported a fiscal 2000 net loss of $424,503, down from $6,119,507 in fiscal 1999, after consolidating Namibian marine diamond concessions.
Diamond Fields arranges loan; stake in Diamond Tenders
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.
Namibian loses undercarriage of NamSSol
Namibian Minerals lost the undercarriage of its NamSSol seabed crawler on the ocean floor after a failed recovery attempt off Namibia.
Diamond Fields to receive mining licence for Namibian
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.
Namibian’s NamSSol sustains damage
Namibian Minerals' NamSSol seabed crawler suffered chassis damage during a recovery attempt off Luderitz Bay on Jan. 7, 2001.
Afri-Can completes blocks B and J aerial surveys
Afri-Can Marine Minerals has completed aerial and marine geophysical surveys of block B and begun a geophysical survey of block J, both north of Luderitz, Namibia.
Namibian’s NamSSol mining system damaged
Namibian Minerals' NamSSol seabed mining system parted in two and its undercarriage was left on the seabed during a Jan. 7 recovery attempt off Luderitz Bay.