Namakwa Diamonds

Namakwa Diamonds is an integrated diamond resource group with:

• a flagship kimberlite mining project in Lesotho, aluvial and kimberlitic operations in South Africa and the Democratic Republic of Congo and marine concessions in Namibia, which together provide an independently verified resource base of more than 25 million carats; and
• an experienced diamond trading and manufacturing division with operations in South Africa, Botswana, the Democratic Republic of Congo and Israel.

The Company’s core strategy is to:

• increase volumes from current mining assets to take advantage of impending global shortages of supply; and
• maximise returns from the sale of own and third party diamond production.

Recent history has seen Namakwa Diamonds progress from a family trading business, established more than 30 years ago, to a mining and trading group with a primary listing on the main market of the London Stock Exchange since December 2007.  Following the downturn in the diamond industry in 2008 / 2009, the Company focused on a strategy of consolidation, resulting in its development into a miner of scale, with the acquisition of a majority interest in the Kao kimberlite pipe in Lesotho (the largest undeveloped and 4th largest diamondiferous pipe in southern Africa), and additional alluvial and kimberlitic mining concessions in the Democratic Republic of Congo.  The expansion of the mining division was supported by the recruitment of a highly experienced mining team with a proven track record.

Further details of Namakwa Diamonds’ Mining Division and Sales & Trading Division can be found in the Operations section of the website.

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