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Pink Diamond 150
30-Carat Fancy Pink Set for Antwerp Sale
Lesotho-focused miner Namakwa Diamonds will sell a29.59-carat, fancy-pink rough stone in Antwerp this fall.The company discovered the diamond at its KAO mine in theAfrican country on June 12, according to brokerage firm Bonas-Couzyn, whichwill facilitate...
Rough Markets Aug 27, 2018 Rapaport News
namakwa orange
Namakwa's Tender Nets Nearly $2M
Namakwa Diamonds sold 3,163 carats of rough diamonds for approximately $1.7 million, or $537 per carat. The tender was held in Kimberley, South Africa and consisted of production from the group's subsidiaries.Namakwa's chief executive,...
Rough Markets Nov 27, 2012 Jeff Miller
namakwa orange
Namakwa Diamonds Names New Executives
Namakwa Diamonds named Craig Campbell its new chief financial officer and appointed him to the board, where he joins Melissa Sturgess, a non-executive chair person, Theo Botoulas, the company's chief executive, Martiens Mulder...
Mining Sep 05, 2012 Jeff Miller
Namakwa Diamonds
Namakwa Diamonds Tender Nets $4M
Namakwa Diamonds closed its third sale of Kao rough diamonds in Antwerp, its eighth auction to date conducted by Fusion Alternatives, the tender partner of I Hennig & Co. All 51 lots offered, totaling 14,495 carats, were...
Rough Markets Jul 24, 2012 Jeff Miller
namakwa orange
Namakwa Names Botoulas as New Chief Executive
Namakwa Diamonds' chief executive, Richard Collocott, has resigned and will be replaced by Theo Botoulas. The company did not provide a reason for Collocott's departure. Botoulas has more than 20 years experience in mining operations,...
Mining Jul 03, 2012 Jeff Miller
Namakwa's Offering to Raise $55M
Namakwa Diamonds expects to raise approximately $55 million after shareholders approved issuing more shares. Funds were expected to pay down debt and provide working capital. The diamond-mining junior expects to repay approximately $45 million in debt."During the first half of this year, we have been focused...
Mining Jun 28, 2012 Jeff Miller
Namakwa Diamonds
Namakwa Diamonds Picks Fusion Alternatives to Tender Kao Production
Namakwa Diamonds' Lesotho subsidiary, Storm Mountain Diamonds, selected Fusion Alternatives and I. Henning & Co. to market run-of-mine diamond production out of the Kao mine. Under this agreement, the first offering of rough diamond...
Rough Markets Apr 26, 2012 Jeff Miller
Namakwa Diamonds
Jarvirne Increases Share in Namakwa to 32%
Jarvirne Limited nearly tripled its stake in Namakwa Diamonds to 32.39 percent, according to the junior miner's filing with the London Stock Exchange. Jarvirne Limited is indirectly owned by Eduard Prutnik and holds 98,65,158 shares,...
Mining Jan 20, 2012 Jeff Miller
Namakwa Sells $6M From Inventory During 1Q
Namakwa Diamonds Limited issued an interim, first-quarter management statement for the three months that ended on November 30, 2011. Rough and polished diamond trading inventory sold at cost for $6.36 million. The mining company has drawn $25 million from a $40 million loan with...
Mining Jan 12, 2012 Jeff Miller
Namakwa Diamonds
Namakwa Sells DRC Assets for $6M
Namakwa Diamonds sold its mining and exploration operations in the Democratic Republic of the Congo (DRC) as planned, on a "going concern basis" for $6.25 million. The sale was made to Hall Farm Avenue Ltd., the...
Mining Sep 23, 2011 Jeff Miller
Namakwa Diamonds
Namakwa Secures Funding, Shareholders to Vote on Share Issue
Namakwa Diamonds entered into definitive agreements with Jarvirne Limited to secure a $40 million, two-year loan facility and refinance $19.5 million with respect to its Trading & Beneficiation Division by way of a share capitalization of 61,750,000...
Financial-Legal Sep 08, 2011 Jeff Miller
Namakwa Diamonds
Namakwa to Sell DRC Assets, Negotiating Alternative Credit Facility
Namakwa Diamonds Limited announced a number of strategic changes today, including the loss of a credit facility and proposed sale of some assets. The mining company stated that a "committed facility" of about $30 million, which was...
Mining Sep 01, 2011 Jeff Miller
Namakwa Diamonds 1H Loss Unchanged at $12M
Namakwa Diamonds Limited posted a pre-tax year on year loss of $11.9 million for the first fiscal half that ended February 28, which was unchanged from one year ago. Revenue rose 34 percent to $45.5 million. Mining division rough diamond production was up 111 percent and...
Financial-Legal Apr 14, 2011 Jeff Miller
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