Namakwa Diamonds

Namakwa Diamonds’ strategy of backward integration from diamond trading to diamond mining has created a unique public investment proposition and a diamond mining group of scale.

To complement the Group’s Sales & Trading Division, today the Company also holds a Mining Division focussed on kimberlite and alluvial production and near-production assets in three key resource areas – the Kao Valley (Lesotho); the Tshikapa Triangle (DRC) and the North West Province (South Africa) – with further assets primed for development in Namaqualand (alluvial, South Africa) and the Tidal resource  (marine, Namibia).  Further opportunities will be considered by the Mining Division if they represent an advanced stage of development, consistent with the Company’s philosophy of developing resources with a short time to delivery.

The Company’s growth strategy is driven by the diamond industry supply / demand dynamic and an aim to strengthen its position within the value chain.  This strategy is becoming increasingly important in the context of:

• decreasing global supplies of quality rough diamonds to meet consumer demand; and
• the evolving legislative environment in African diamond producing countries, where governments are increasingly requiring diamond mining companies to beneficiate new production in the country of origin.

The traditional diamond industry value chain
(ex De Beers)