Namco nabs Ocean Diamond Mining
The world’s second-largest producer of marine diamonds just got bigger. Namibian Minerals (NMR-T), or Namco, has acquired a 92% interest in Ocean Diamond Mining, a fellow marine producer based in Sout…
Namibian Minerals Corporation
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — TSE climbs with a little help from base metals
The Toronto Stock Exchange 300 index jumped 150.44 points during the report period ended Nov. 2 to finish at 7,215.32. Resource stocks were mixed: the metals and minerals sub-group rose 10.57 points t…
INVESTMENT COMMENTARY — Namco gets nod for successful marine diamond mining
With production results exceeding expectations and profits rolling in from the sale of top-quality gemstones, mining analysts are taking renewed interest in Namibian Minerals (NMR-T).Using new underwa…
DIAMOND PAGE — Namibian poised to acquire Ocean Diamond
Namibian Minerals (NMR-T) has made formal its takeover bid for Ocean Diamond Mining Holdings, a fellow marine diamond miner listed on the Johannesburg Stock Exchange.Namibia, which announced its inten…
Companies (October 18, 1999)
Aber ResourcesAfrioreAnglo AmericanAnglogoldAntares Mining & ExplorationAsarcoAshanti GoldfieldsAshton Mining of CanadaAsia Pacific ResourcesAtna ResourcesBarrick GoldBattle Mountain GoldC…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Stocks decline as spot gold settles to US$320 per oz.
After several weeks of excitement, gold started to settle down during the holiday-shortened Oct. 6-12 report period, with spot prices restricted to within the US$315-325-per-oz. range. Over the week, …
DIAMONDS — Innovation pays for Namco
Using a proprietary technique, Namibian Minerals (NMR-T) is making a name for itself as a profitable miner of alluvial diamonds off the coast of Namibia.Since early 1998, Namco has cranked out more th…
MINING MARKETS & INVESTMENT NEWS — Eastern Markets — Golds weaken, base metals regain some strength
The Toronto Stock Exchange made solid gains during the trading period Aug.18-24, with the TSE 300 composite index up 116.79 points to close at 7,169.80 — a gain of 1.7% over the five trading days.The…
MINING MARKETS & INVESTMENT NEWS — Eastern Marktes — Miners relieved as gold breaks US$260 barrier
The Aug. 11-17 report period saw continuing strength from gold, with spot prices shooting up US$4.60 to US$261.50 per oz. on the London morning fix of Aug. 18.Over the week, the World Gold Council ann…
Namibian upgrades resource
Marine diamond miner Namibian Minerals (NMR-T) has upgraded resources in two zones at its Luderitz Bay mining licence, off the coast of Namibia.Measured and indicated resources in adjoining “features”…
Companies (July 05, 1999)
Aegean GoldAgnico-Eagle MinesAnglogoldAsarcoAthlone MineralsAthlone ResourcesAurizon MinesBarrick GoldBattle Mountain GoldBema GoldBlack Hawk MiningBolivar GoldfieldsBroken Hill Proprieta…
Conference promotes ‘African renaissance’
Despite low commodity prices and the political turmoil engulfing many African states, the mood at this year’s Investing in African Mining conference (also known as Indaba) was guardedly optimistic, as…