Namibian Minerals Corporation second-quarter results
Namibian Minerals Corporation reported record six-month earnings of $10.6-million (U.S.) on diamond production of 192,100 carats and raised its 1999 production target to 260,000 carats.
Diamond Fields new director
Diamond Fields International elected Frank Waldron, a Mony Group senior vice-president, to its board of directors.
Namibian Minerals acquires one-third holding in Ocean Diamond Mining
Namibian Minerals Corp. (NAMCO) has acquired a 33.5 per cent stake in Ocean Diamond Mining Holdings Ltd. for about $17-million (U.S.), becoming its largest shareholder.
Namibian appoints board member
Namibian Minerals Corporation has appointed Loine Geingos to its board of directors and to the board of subsidiary Namco Namibia (Pty) Ltd.
Diamond Fields International appoints new director
Diamond Fields International has appointed Frank Potter, who has over 35 years of international finance experience, to its board of directors.
Namibian increases measured and indicated Luderitz Bay diamond resources
The company increased measured and indicated diamond resources at features 019 and 020 in its Luderitz Bay mining licence threefold, from 292,000 to 1,155,000 carats.
Diamond Fields Namibian prospecting licence renewed
Diamond Fields Namibia's exclusive prospecting licence EPL 1607, covering about 540 square kilometres offshore near Luderitz, has been renewed for two years.
Namibian Minerals declares dividend
Namibian Minerals declared its first dividend of two cents per share, payable June 1, 1999, to shareholders of record as of May 10, 1999.
Diamond Fields receives $6-million through exercise of warrants
Diamond Fields International received $6-million (US$4-million) from the exercise of 9,999,999 warrants at 40 U.S. cents per share by MIL Investments.
Namibian increases three-month income
The company raised its 1999 diamond production target to 200,000 carats after a record 116,100-carat quarter and reported Q1 earnings of $5.2-million (U.S.).