Diamond Fields appoints new chairman
Diamond Fields International named Francis J. Waldron chairman and CEO, and appointed Mark Collins as COO to advance the Luderitz diamond project in Namibia.
Namibian year-end results
Namco reported 1999 full-year earnings of $17.1-million (U.S.) on revenues of $42.8-million, driven by record diamond production and the acquisition of Ocean Diamond Mining Holdings.
Namibian Minerals charters new vessel for exploration
Namibian Minerals (Namco) has chartered the vessel MV Zacharius under a five-year deal with a purchase option to explore its Namibian ocean diamond concessions starting in the third quarter.
Diamond Fields receives Marshall Fork scoping study
Diamond Fields International received an independent scoping study from AGRA Simons for a sea diamond mining operation at its Marshall Fork feature near Luderitz, Namibia.
Diamond Fields receives estimate for Marshall Fork
Diamond Fields International received a new resource estimate from MRDI/Agra Simons for the Marshall Fork feature on its Luderitz, Namibia sea diamond concessions, totaling 914,600 carats.
Namibian completes financing for marine diamond mining
Namibian Minerals secured a $25-million project loan from HSBC Equator Bank and Nedcor Africa to finance construction of its second marine diamond mining system, Nam II.
Namibian Minerals secures second mining licence
Namibian Minerals (Namco) has been granted its second mining licence, ML 103A, and awarded ISO 14001 environmental accreditation.
Diamond Fields sells test parcel diamonds
Diamond Fields sold 6,475 carats from Namibia's Marshall Fork feature for $158 (U.S.) per carat in Antwerp, netting $1-million.
Namibian Minerals nine-month results
Namibian Minerals reported nine-month earnings of $16-million on $35-million revenue and closed its acquisition of 92 per cent of Ocean Diamond Mining Holdings Ltd.
Namibian Minerals controls 92% of Ocean Diamond Mining
Namibian Minerals' general offer for Ocean Diamond Mining closed successfully, giving it 92 per cent of ODM shares after acceptances covering 27 million shares.