In July 2007, the Namibian arm of Diamond Trading Company announced competitive selection among the country’s diamond cutting factories to be included into the first list of NDTC sightholders. At that time, Hard Stone Processing (Pty) Ltd (HSP) was already working in Namibia as an independent manufacturer and its factory successfully occupied a strong position among the leading sightholders turning into one of the three top diamond cutting companies in Namibia. Its CEO Burhan Seber gave this interview to Rough&Polished.
Botswana diamond miner, Debswana recently said that the temporary dip in diamond prices will likely see the company producing just below its target of 25 million carats for 2011. However, Esther Kanaimba-Senai, the Group’s Manager for Corporate and Public Affairs, told Rough&Polished in an interview that Debswana was not in trouble.
Malca-Amit is a full service courier company with a 21 year record of providing the highest quality personalised service and the most efficient logistic solutions for diamonds, jewelry, gold, coins, bank notes, and valuable documents. Our correspondent in Brussels caught up with Nigel Paxman, CEO of the Malca-Amit Group of Companies, to find out more about this company.The Johannesburg Stock Exchange (JSE) suspended the listings of two South African junior miners after they failed to comply with the listing requirements of the bourse.
JSE said in a statement that Thabex and Kimberley Consolidated Mining (KCM) had failed to submit their provisional reports to the bourse within the stipulated three-month period.
This is not the first time Thabex has had its listing suspended on JSE.
It was suspended on October 1 last year for failing to submit its annual financial statements on time.
However, it was reinstated two weeks later after it had posted its annual report to shareholders.
Operations of the two diamond juniors had been badly affected with lower demand and prices for diamonds.
Thabex, which owned a 70 percent stake in Lesotho-based diamond-miner, Angel Diamonds announced that it would sell 9, 33 percent of its interest in the firm to UK diamond exploration company, Mantle Diamonds.
It had initially planned to sell 42 percent of its stake to Mantle for USD2-million.
Meanwhile, KCM announced in June that it was still in talks with China National Geological & Mining for a possible transaction that would strengthen its cash resources.
KCM scaled down active mining and prospecting operations at its Bo-Karoo mine due to a weak diamond market that was badly bruised by the global economic downturn.
Mathew Nyaungwa, Rough&Polished from Namibia
Rough&Polished
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