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Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited
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To: bill who wrote (1982)3/19/1999 5:14:00 PM
From: George J. Tromp  Read Replies (1) of 2251
 
Thanks Bill for the posting:

Nasdaq Trading Symbol: NMCOF
TSE Trading Symbol: NMR
NSE Trading Symbol: NMC

LONDON, England, March 18 /CNW/ - Namibian Minerals Corporation (NAMCO)
is pleased to announce the results of recent diamond sales. Sales of 51 325
carats realised revenues of US$7.8 million for an average price of US$153 per
carat. This represents an increase of 16% on the previous quarter's price of
US$132 per carat.
The parcel of 51 325 carats was sold in two stages. A sale of 23 780
carats in March realised an average price of US$181 per carat and a sale of 27
545 carats in February realised an average price of US$128 per carat. The
higher price achieved in March reflected the inclusion of a quantity of larger
sized stones (two carats and above) and further price appreciation across all
diamond size categories.
The Company is encouraged by the continued improvement in rough diamond
prices and by the strong demand for its production.
Namco is the world's second largest marine diamond producer with
concessions in Namibia and South Africa. Production during the first quarter
of 1999 has continued to exceed expectations.

ON BEHALF OF THE BOARD OF DIRECTORS OF NAMIBIAN MINERALS
CORPORATION
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