Namco sinks into watery grave
Out of working capital and with no hope its subsidiaries will resume operations, marine diamond miner Namibian Minerals is heading into permanent dry dock as liquidators sell off the company’s assets….
Namibian Minerals Corporation
Namco puts subsidiaries in dry dock
Unable to secure additional funding from its bankers and principal lenders, marine diamond miner Namibian Minerals (NMR-T) has been forced to shut down certain of its South Africa and Namibia subsidia…
Juniors take spotlight on slew of mixed news
The Toronto Stock Exchange posted its strongest gain in weeks during the Nov. 27-Dec. 3 report period, thanks to a rally in the energy and financial sectors plus the release of positive economic news …
Namco sets production record
Marine diamond miner Namibian Minerals (NMR-T) cranked out 117,050 carats during the July-to-September period, eclipsing the quarterly record of 116,560 carats set in early 1999.”The third quarter is …
Benchmark’s woes cast shadow over resource sectors
The Oct. 14-20 report period saw the Toronto Stock Exchange plunge to levels not seen in four years as the proposed U.S.-led war on Iraq gained steam and the banking and high-tech sectors issued more …
Afri-Can tops up Block J stake (October 07, 2002)
With a final payment of $125,000 to its Australian partner, Woduna Mining Holding, Afri-Can Marine Minerals (AFA-V) has boosted to 70% its interest in the Block J marine diamond concession, 105 km nor…
Namco revival still iffy
With all four of its production vessels at sea, Namibian Minerals (NMR-T) is producing considerably more diamonds these days, but whether it can rise from the red remains unclear.The company (Namco), …
Producers rise as broad market blows
The Toronto Stock Exchange composite index began the Aug. 21-27 report period on an upswing and stayed that way until the final day, when it reversed to 6,642.83 for a modest loss of 12.46 points over…
Afri-Can ups stake in Block J
Using proceeds from a private placement, Afri-Can Marine Minerals (afa-v) will renew sampling at the Block J marine diamond concession, 105 km north of Luderitz, Namibia.Block J extends 45 km northwar…
Namco hits a sweet spot (August 05, 2002)
Marine diamond miner Namibian Minerals (NMR-T) has set a 1-day production record, hauling up an astonishing 16,417 carats from 1.9 sq. km of Feature 22.The parcel, which includes 54,240 stones, was re…
Trans Hex weighs anchor at Marshall Fork
An internal dispute between Trans Hex Group of South Africa and Diamond Fields International (DFI-T) has ended their joint venture in Namibian coastal waters a little more than a year after it began.O…
Namibian Minerals trims losses as output rises
Although still deep in the red, Namibian Minerals (NMR-T) is making headway at increasing alluvial diamond production off the coast of Namibia.In early 2001, two years after its spectacular debut, the…