After nearly a nine-month hiatus, marine diamond miner Diamond Fields International (DFI-T) has resumed diamond recovery from its mining license 111, near Luderitz, Namibia.
The company has completed commissioning of its recently acquired mining vessel MV DF Discoverer. The 68-metre vessel is equipped with twin 24-inch airlifts, a 30 tonne-per-hour dense medium separation plant, and twin Caterpillar diesel engines.
“The resumption of mining with the MV DF Discoverer is a historic moment for the company as, for the first time, we are producing diamonds with our own vessel and retaining 100% of diamonds mined," said DFI’s CEO Gregg Sedun in a prepared statement.
Last year, DFI and equal partner Samicor Mining Services recovered 52,826 carats of 95% gem-quality diamonds from the Marshall Fork area (on ML 111) on a contract basis between June 9 and October 7. The stones were valued at more than US$10 million. On October 14, DFI suspended the operation, planning to resume activities on its own in 2005.
The new sent shares in DFI 3, or more than 7%, higher to 45 in afternoon trading in Toronto on June 22.
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