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.Namibia-focused Kalahari Minerals has fully closed its off-market takeover bid for minerals-exploration company Coronet Resources.
This follows acceptances with respect to 99.44 percent of the issued shares in Coronet.
Kalahari, which has uranium, gold and base metal interests in Namibia had proposed the off-market takeover bid on December 17, offering one of its shares for every 1,705 Coronet shares.
Coronet owned a 7.65 percent interest in Kalahari.
The firm issued 15.9-million of its shares to the Coronet shareholders which accepted the offer, saying that the new shares would start trading on the Aim on March 8.
It would now also start with the compulsory acquisition of the remaining shares in Coronet, in a process that would likely take up to six weeks.
Kalahari held a 41 percent stake in Extract Resources, which was exploring for uranium at the Rossing South project, in Namibia.
The open pit mining operation was expected to deliver about 14.8-million pounds of uranium oxide a year once developed.
Mathew Nyaungwa, Rough&Polished, from Namibia
Rough&Polished
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