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.Zimbabwe Mines Minister Obert Mpofu said his ministry had prepared an amended mining law to be presented to Cabinet for approval before it is debated in Parliament.
Reports, however, said it was not clear if the amendment bill would prescribe 51 percent local ownership of all mines.
Mpofu said the bill had been recharged, but declined to say if the amended bill would prescribe 51 percent local ownership of all mines in a country with the world's second largest platinum reserves after South Africa.
“The amendment is ready. As you know, when a draft bill is ready, it is taken to cabinet, to the cabinet committee on legislation and then back to cabinet for final approval,” Mpofu was quoted as saying by Mining Weekly.
He said the bill would be tabled in parliament later this year.
The Chamber of Mines said it had not seen the bill, but had proposed setting mining firms a target of 25 percent local ownership within 10 years, while giving empowerment credits for social investments and infrastructure spending.
Mathew Nyaungwa, Rough&Polished from Namibia
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