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IMDH auctions Namibian marine diamonds in Antwerp

08 February 2019
Bonas-Couzyn NV and International Mining and Dredging Holdings (Pty) Ltd (IMDH) announced that from February they will be offering IMDH’s Namibian marine-mined rough diamonds for sale in Bonas-Couzyn’s Antwerp offices.
IMDH is involved in offshore exploration, dredging and marine mining as well as specialized vessel & tool design. Its Namibian subsidiary, Nutam Operations (Pty) Ltd (NUTAM), has been contracted by license holder Diamond Fields (Namibia) to undertake mining operations within its ML111 offshore Namibian mining license and to sell the production recovered.
The first sale from IMDH brings to market approximately 47,000 carats of original marine goods of gem quality, mined by the specialist mining vessel, the Ya Toivo.
Regular ROM production tenders will be held with Bonas-Couzyn in Antwerp throughout 2019.
The viewings for the first sale are scheduled to take place by appointment only from Monday, 11th February until Friday, 15th February.
This comes as Diamond Fields Resources Inc. announced that the initial mining campaign on its ML111 licence area offshore Namibia had been successfully concluded, with a second parcel of diamonds recovered from ML111 as part of this initial campaign phase expected to shipped in due course.
“As previously announced on December 20, 2018, an initial shipment of a 25,151.60 carat parcel of diamonds (gross weight unpolished rough diamonds as endorsed in the relevant Kimberley Process Certificate) were recovered from the ML111 licence during the first 25 days of mining, between November 11, 2018 and December 5, 2018. The shipment is undergoing independent valuation and initial sorting in preparation for sale through International Mining and Dredging Holdings (Pty) Limited which is operating the campaign on behalf of DFR via its subsidiary Nutam Operations (Pty) Ltd.”
Final production figures for the initial campaign will be announced following Government evaluation and verification of production, the company said.
“The Company and the operators will undertake a review of initial operational and financial performance following the sale of the diamond parcels, which is expected in the first quarter of 2019. The six months’ (non-continuous) mining programme on ML111 is thereafter expected to recommence later in 2019.”
DFR is a TSX Venture Exchange listed exploration and mine development company with assets in Madagascar and Namibia.
In Namibia, International Mining and Dredging Holdings (Pty) Limited is undertaking an initial six month (non-continuous) offshore diamond mining program on DFR’s ML 111 licence area. The ML 111 concession has a ten-year mining licence, effective until 4 December 2025, and lies within Luderitz Bay between Diaz Point in the south and Marshall Rocks in the north and at depths of 15 to 70 metres. staffwriter/wires

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