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.Emerging mid-tier diamond producer and explorer Pangea Diamondfields said it will sell its Dimbi project in the Central African Republic (CAR) to an unnamed “senior” employee.
Pangea chief executive Boris Kamstra said in a statement that the consideration for the disposal was a 5 percent royalty payment based on future gross sales revenue from the sale of diamonds from Dimbi.
In addition, he said, a payment of $500,000 would be paid either from the proceeds of the first sales of diamonds in the event that the new owner chooses to operate the project or from the proceeds of asset sales should the purchaser choose not to operate the project.
“While Pangea considers the fundamentals of the Dimbi project attractive, the logistical support required to maintain a commercial-scale operation and the long lead-times associated with the procurement of equipment and spares are considered to be unviable at the company's planned scale of operations,” Kamstra said.
He noted that the disposal enabled Pangea to retain exposure to the project should a future mining operation be established.
Meanwhile, Pangea said it will close its Etoile project, also in CAR.
Mathew Nyaungwa, Rough&Polished from Namibia
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