| Business Summary | | Global
Diamond
Resources,
Inc.,
formed
on
January
7,
1987,
is
engaged
in
diamond
mining
and
exploration
through
its
wholly
owned
subsidiary
Global
Diamond
Resources
(SA)
(Pty)
Limited,
a
South
African
corporation.
The
Company
has
acquired
the
rights
to
two
mining
properties,
the
Grasdrif
Deposit
and
the
Caerwinning
Deposit,
and
owns
an
option
to
purchase
a
third
mining
property,
the
Montrose
kimberlite
pipe,
all
of
which
are
located
in
the
Republic
of
South
Africa.
The
Company's
activities
include
the
investigation
and
acquisition
of
mining
property
interests,
exploratory
work,
site
establishment
and
the
purchase
and
operation
of
mining
plant
and
equipment
in
the
process
of
development
as
well
as
full-scale
mining
operations
at
its
properties. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Global
Diamond
Resources
is
engaged
in
diamond
exploration
and
mining.
The
Company
owns
two
mining
properties
and
owns
an
option
to
acquire
a
third
mining
property.
For
the
six
months
ended
6/01,
diamond
sales
rose
23%
to
$1.5
million.
Net
loss
fell
59%
to
$323
thousand.
Sales
benefited
from
an
increase
in
carats
yielded
at
the
Grasdrif
Deposit.
Lower
loss
reflects
a
change
in
mining
policy
to
selectively
mine
payable
gravels
and
cost
reductions. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Johann De Villiers, 47 Chairman,
CEO, and Chief Financial Officer | $250K | Eugene Brill, 35 VP
of Investor Relations, Sec. | -- | Andries Janzen, 56 Director;
Managing Director of Global Diamond-SA | -- | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|