Diamond Fields International plans to relocate to SA

WINDHOEK – Diamond Fields International Ltd (DFI) has announced that it will relocate its head office from Vancouver in Canada to Cape Town, South Africa in an effort to reduce its overhead and to bring its management closer to its base of operations in Africa.

In a press statement, the diamond-mining company said it is anticipated that the closing of the Vancouver office will bring about significant savings in overhead as DFI already maintains an operational office in Cape Town. DFI said the effective date of this transfer will occur in the first quarter of 2006 and will be announced in due course by the company.Recently, the company also announced the departure of its Chief Executive Officer (CEO) and President, Gregg Sedun, who has reportedly left the company to pursue other endeavours.Sedun has since been replaced by Roger Daniel, DFI’s former Director of Operations who was based in Cape Town.’Sedun will continue on as a Director of Diamond Fields and has agreed to assist the company to make an orderly transition.On behalf of the Board of Directors, the Company would like to extend its appreciation to Sedun for his many significant contributions to the Company as well as his tireless effort in managing the Company’s affairs over the last two years,’ DFI said.The new President and CEO Daniel, is according to records, a registered professional geologist and Fellow of the South African Institute of Mining & Metallurgy, with over 35 years world wide practical mining experience encompassing mineral exploration, project assessment, and mine and project management at both operating and board level.His career has covered a wide range of metals and minerals including diamonds, gold, nickel, copper and other metals and has included projects and mining property valuations throughout Africa and other continents.Daniel served 10 years with the Gold Fields Group of Companies in South Africa (becoming Chief Geologist at a major South African Witwatersrand gold mine), as well as six years with Namibian Minerals Corporation (Namco) as Project Director in the successful early stage development of its marine diamond project in southern Africa.Daniel joined DFI in April 2001 as Operations Director and was appointed to DFI’s main board in mid-2003.-NampaDFI said the effective date of this transfer will occur in the first quarter of 2006 and will be announced in due course by the company.Recently, the company also announced the departure of its Chief Executive Officer (CEO) and President, Gregg Sedun, who has reportedly left the company to pursue other endeavours.Sedun has since been replaced by Roger Daniel, DFI’s former Director of Operations who was based in Cape Town.’Sedun will continue on as a Director of Diamond Fields and has agreed to assist the company to make an orderly transition.On behalf of the Board of Directors, the Company would like to extend its appreciation to Sedun for his many significant contributions to the Company as well as his tireless effort in managing the Company’s affairs over the last two years,’ DFI said.The new President and CEO Daniel, is according to records, a registered professional geologist and Fellow of the South African Institute of Mining & Metallurgy, with over 35 years world wide practical mining experience encompassing mineral exploration, project assessment, and mine and project management at both operating and board level.His career has covered a wide range of metals and minerals including diamonds, gold, nickel, copper and other metals and has included projects and mining property valuations throughout Africa and other continents.Daniel served 10 years with the Gold Fields Group of Companies in South Africa (becoming Chief Geologist at a major South African Witwatersrand gold mine), as well as six years with Namibian Minerals Corporation (Namco) as Project Director in the successful early stage development of its marine diamond project in southern Africa.Daniel joined DFI in April 2001 as Operations Director and was appointed to DFI’s main board in mid-2003.-Nampa