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Namakwa Diamonds making progress with strategic restructuring

By: Megan Wait Africa-focused Namakwa Diamonds’ revenue declined 41% to $51.02-million in the year ended August, following the reduction of third party trading activity. However, revenue generated from mining activities jumped 66% to $39.45-million on the back of diamond sales from its Kao mine, in Lesotho,... 

Namakwa enters into new $10m loan, lowers Kao forecast

By: Idéle Esterhuizen Africa-focused miner Namakwa Diamonds on Tuesday lowered its 2012 production target for its Kao mine, in Lesotho, and said it had entered a new $10-million loan facility with investment group Sputnick. The London-listed miner said it had concluded that the previously agreed loan from shareholder... 

Namakwa Diamonds targeting 200 000 ct in FY12

By: Henry Lazenby With its Kao mine processing plant ramping up to its 500 t/h nameplate capacity and the first 3 900 ct of diamonds to go on tender in Johannesburg in January, LSE-listed Namakwa Diamonds said on Thursday it expects to generate positive cashflow from its flagship Lesotho mine in the first quarter... 

Namakwa raises $9,5m in Johannesburg diamond sale

By: Loni Prinsloo London-listed Namakwa Diamonds on Monday reported that it had raised $9,52-million by selling 22 841 ct of diamonds from its operations in South Africa, Lesotho and the Democratic Republic of Congo (DRC). The sale included a 7,53-ct vivid orange diamond, which it sold for $1,33-million, fetching... 

Company Announcement: 7.53ct Vivid Orange sells for record price of US$176,713 per carat

Attached please find a press release on: The Trading & Beneficiation Division of Namakwa Diamonds, the integrated diamond resource group focused on Southern Africa, is pleased to announce the result of the recent sale of Namakwa and Storm Mountain Diamonds’ products, held in Johannesburg.  

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