Namibian Minerals Corporation (Namco) recovered its first diamonds from the new Nam 2 seabed crawler aboard MV Ya Tolvo in mining licence 36 offshore Namibia.
Afri-Can has contracted Marine & Coastal Geoscience to run a $290,000, three-week geophysical survey covering 1,750 line-kilometres across the Woduna (block J) and Together Quando (block B) concessions starting Dec. 5.
Afri-Can Marine closed a $550,000 private placement of two million units at 25 cents each to fund exploration on its Woduna and Together Quando concessions.
Namco's third-quarter 2000 diamond production rose 42 per cent to 65,000 carats from the prior quarter, though the company posted a $665,000 (U.S.) loss.
Diamond Fields' board approved proceeding, subject to financing, with development of the Sea Diamonds project offshore Luderitz, Namibia, following a positive feasibility study.
Namibian Minerals' new vessel MV Zacharias has started a five-year exploration program on the company's Namibian ocean diamond licences, incorporating areas from the Ocean Diamond Mining takeover.
Diamond Fields International received a positive September 2000 feasibility study for its Sea Diamonds offshore diamond project near Luderitz, Namibia.