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Karma gold project, Burkina Faso Restricted

True Gold Mining has completed building the freshwater reservoir at its Karma gold project, which will provide water for mine construction and operational needs.
16th May 2014
 
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Karma gold project, Burkina Faso Restricted

True Gold has reported that its drill programme has extended gold mineralisation to an additional 2 000 m from the northern edge of the currently defined Kao deposit at the Karma gold project.
29th November 2013
 
DIAMONDS

Paragon clarifies Lemphane mining licence statement

Aim-listed diamond explorer Paragon Diamonds has clarified that its subsidiary, Meso Diamonds, had been awarded a mining lease for the Lemphane kimberlite project, in Lesotho. There had been some confusion over the ownership of the project.
16th October 2013
 
DIAMONDS

Namakwa tenders raise revenue of $4.5-million

Two recent diamond tenders in Antwerp have earned Africa-focused diamond miner Namakwa Diamonds about $4.5-million. The company sold 13 976 ct of diamonds mined at its Kao project, in Lesotho, at an average price of $274.5/ct, realising revenues...
12th March 2013
 
Diamonds

Namakwa Diamonds likely to delist from the Aim

Majority shareholders of Aim-listed Namakwa Diamonds have requested that a special general meeting of the company be convened to allow shareholders to consider a resolution as to whether the company's admission to trading on the Aim should be...
8th February 2013
 
DIAMONDS

Namakwa Diamonds making progress with strategic restructuring

Africa-focused Namakwa Diamonds’ revenue declined 41% to $51.02-million in the year ended August, following the reduction of third party trading activity. However, revenue generated from mining activities jumped 66% to $39.45-million on the back...
16th November 2012
 
DIAMONDS

Namakwa cuts guidance on lower output from Lesotho

Africa-focused Namakwa Diamonds has downgraded its production guidance for the 2012 financial year from 150 000 ct to 120 000 ct, as short-term production at its Kao mine, in Lesotho, would decline, while operational inefficiencies were addressed....
1st August 2012
 
DIAMONDS

Namakwa closes third diamond sale in Antwerp

London-listed junior Namakwa Diamonds has finalised the third sale in Antwerp, Belgium, of rough diamonds from its Kao mine, in Lesotho. The company said in a statement on Tuesday that the sale was its eighth in total, through Fusion Alternatives,...
24th July 2012
 
DIAMONDS

Restructure pays off for Namakwa, new CEO named

The successful restructure of London-listed Namakwa Diamonds’ operations in Lesotho and South Africa has turned the group’s mining operations cash-flow positive, reduced costs and positioned the company for the next stage of development, CEO...
3rd July 2012
 
DIAMONDS

Namakwa poised to become Lesotho’s biggest diamond producer – CEO

London-listed junior Namakwa Diamonds has completed its strategic restructuring and expects to become net-cash generative in the second half of the 2012 financial year, CEO Richard Collocott said on Thursday. The company started production from...
26th April 2012
 
DIAMONDS

Namakwa Diamonds says workers call wage strike

London-listed junior Namakwa Diamonds said on Wednesday that its 2012 production guidance remained intact at 20 000 ct, despite workers calling a strike over wages at its operations in South Africa’s North West province. The company stated that...
18th April 2012
 
DIAMONDS

Namakwa enters into new $10m loan, lowers Kao forecast

Africa-focused miner Namakwa Diamonds on Tuesday lowered its 2012 production target for its Kao mine, in Lesotho, and said it had entered a new $10-million loan facility with investment group Sputnick. The London-listed miner said it had...
10th April 2012
 
 
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