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RAPAPORT... Diamond Fields International Ltd. is terminating an agreement with Afri-Can Marine Mineral Corp. regarding the company's Namibian marine diamond concessions. Diamond Fields will now develop the properties independently and is planning a resource development program with an aim to recommence mining before the end of 2015. The offshore explorer expects the first marine survey work to commence in October.
Ian Ransome, the CEO of Diamond Fields, said, "We have identified a number of potential resource targets on the concessions, which we now intend to fully explore. We are extremely excited about the future prospects for this project."
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