New Lesotho diamond mine to open in 2011 – Namakwa

Africa-focused miner Namakwa Diamonds’ flagship Kao diamond project, in Lesotho, was on track for phase-one commercial production to start in September next year. In an interim management statement released on Tuesday, CEO Nico Kruger said that...

Namakwa upbeat on diamond prospects

Supply-side pressures would likely drive a surge in diamond prices in the second half of 2010 that would signal the start of a recovery for the diamond sector, leading to a positive recovery in 2011, LSE-listed Namakwa Diamonds said on Tuesday....

Namakwa Diamonds expands in DRC with $5m acquisition

London-listed Namakwa Diamonds has bought private mining operation Kasai Resource Mining (KRM), in the Democratic Republic of Congo (DRC), for $5-million, it announced on Tuesday. The acquisition would allow Namakwa to potentially raise its...