Afri-Can Completes Diamond Estimate
Afri-Can Marine Minerals Corporation (TSXV:AFA) announced it completed its geophysical survey on the 3403 marine diamond concession in Namibia.
Articles Tagged "namibia"
Afri-Can Begins Geophysical Survey at Diamond Mine
Afri-Can Marine Minerals Corporation (TSXV:AFA) has started a geophysical survey at its marine diamond concession in Namibia.
Afri-Can Approved to Purchase 20% of Thyme Investments Diamond Property
Afri-Can Marine Minerals Corporation (TSXV:AFA) announced it has been approved to acquire 20% of shares from Thyme Investments, the owner of the 3403 marine diamond concession in Namibia.
Namibia Q2 Diamond, Uranium Output Down
Reuters Africa reports Namibia's diamond output dropped to 208,000 carats as economic woes hit demand.
De Beers Namibia Workers Will Strike
Bloomberg reports Namdeb said workers plan to start a strike tomorrow over housing allowances.
Namibia’s Economic Growth Driven by Jump in Mining Production
Bloomberg reported that Namibia's economy grew by 4.6% last year, in part due to a significant growth in the mining industry.
Diamond Miners Ramp Up Production
Diamond mining firms looking to cash in on higher prices and increased demand for stones are starting to ramp up production. The one major company that is curtailing operations, De Beers, is cutting production 5 percent per year for 5 years to increase mine life.
Kimberley Process Certification Scheme has met in Namibia
World diamond industry leaders have convened in Windhoek, Namibia’s capital, for a three-day meeting of the Kimberley Process Certification Scheme to discuss the ongoing battle against conflict diamonds. For full story, click here
Diamond- rich Namibia’s Economy will shrink by 0.6%
Namibia’s central bank governor declared that the diamond-rich southern African nation’s economy will shrink by 0.6 percent in 2009 as mining slows in the global economic slump. For full story, click here
Namibia’s diamond miner not asking for govt bailout
Namibia’s largest diamond miner, Namdeb, Monday maint ained that its balance heet was healthy, dismissing speculations that it had re q uested a bailout from government to strengthen its cash flow. For full story, click here
