Satya Capital invests £2,1m in Namakwa Diamonds

African investment firm Satya Capital has invested about £2,1-million in Southern African junior miner Namakwa Diamonds through a share subscription. The investment firm had subscribed for just under six-million new ordinary Namakwa shares at...

Namakwa Diamonds signs deal with Andre Messika

unior miner Namakwa Diamonds has signed a cooperation agreement with the operating company of Andre Messika, a diamantiare based in Paris and Tel Aviv. The Aim-listed Namakwa would assist Andre Messika to secure greater access to a regular supply...

Namakwa Diamonds granted right to mine Lesotho kimberlite pipe

A joint-venture (JV) subsidiary of London-listed Namakwa Diamonds has been granted a mining lease and mining rights for one of the largest kimberlite pipes in Lesotho and Southern Africa. The diamond-miner on Tuesday told shareholders that the...

Xstrata invites ex-Anglo Fauconnier to join board

Anglo-pursuing Xstrata plc has invited former Anglo executive Dr Con Fauconnier to join its board as a non-executive independent director. London-listed diversified miner Xstrata said on Monday that Fauconnier would act as an independent external...

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...

Namakwa CEO says LSE listing accelerated growth

London-listed gem producer Namakwa Diamonds on Wednesday reported that the year ended August 31, had been one of the "most intense periods of change and growth" in the company's history. CEO Nico Kruger said in a statement to shareholders that...

Sallies director resigns

JSE-listed fluorspar producer Sallies announced on Monday that nonexecutive director Jean Nel had resigned with immediate effect.

Diamond group raising funds for SA, Brazil projects

Australia-listed diamond company Namakwa Diamonds announced today that it intends using the one-for-one non renounceable entitlements for which it has applied to raise about $4,3-million as part of recapitalisation to underpin its 2006 exploration...

Diamond miner acquires new prospects

Australian diamond producer Namakwa Diamonds has moved to expand its growth focus internationally through acquiring an interest in a portfolio of highly prospective diamond exploration projects in the Kimberley region of Western Australia.

Namakwa Diamonds set to sparkle

Namakwa Diamonds listed on the Australian Securities Exchange in March 2001, its stated intention being to establish a long-life diamond-mine on South Africa’s West Coast.