Diamond Fields Says Leviev Deal Conditions Met

Canada’s Diamond Fields International Ltd said all conditions have been met for a mining joint venture with Lev Leviev’s Samicor Mining Services (Pty) Ltd and operations are due to start at the beginning of June.

Samicor will carry out diamond mining operations on Diamond Fields' marine mining license ML111 near Luderitz, Namibia.

Samicor is owned by LL Mining Corporation, the mining arm of the Leviev group of companies.

"We are pleased with the continued cooperation between DFI and Samicor and are now looking forward to the start of diamond production in the Marshall Fork area,” said Gregg Sedun, President and CEO of Diamond Fields International.