Afri-Can arranges financing
Afri-Can completed a $500,000 private placement of 1,666,667 units at 30 cents each to fund geophysical surveys on its Woduna and Together Quando diamond concessions.
Namibian earnings drop in second quarter
Namibian Minerals reported second-quarter 2000 earnings of $1-million (U.S.), down from $5.4-million a year earlier, as diamond production fell to 98,500 carats for the half-year.
Namibian revises outlook; Nam 2 results
Namibian Minerals cut its 2000 production forecast to 225,000-250,000 carats after mining difficulties, vessel downtime and the withdrawal of MV Oceandia.
Namibian Minerals increases dividend in first quarter
Namibian Minerals reported first-quarter 2000 earnings of $2.2-million (U.S.) and raised its dividend 50 per cent to three U.S. cents per share.
Namibian receives ruling regarding Ocean Diamond
South Africa's Securities Regulation Panel ruled on appeal that Namco did not act in concert with a local consortium in its $60-million acquisition of Ocean Diamond Mining Holdings Ltd.
Diamond Fields ups Marshall Fork resource estimate
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 phase 3 Namibian sampling results
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 appoints feasibility study contractors
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.).
Namibian integration of Ocean Diamond progressing
Namco reports continued integration progress at Ocean Diamond Mining, with ODM's November-December 1999 production up 30 per cent and diamond prices rising in early 2000.
Diamond Fields awards contract to Seacore
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.