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Koryx Secures N$93 Million for Namibian Copper Mine

Windhoek, Namibia – Koryx, a mineral exploration and development company, has successfully raised an additional N$93 million to fund its flagship Otjihase copper project in Namibia. The company announced that it had closed a private placement of 14.7 million shares at N$6.30 per share. This capital injection will be used …

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De Beers Cuts Production Amidst Sluggish Diamond Demand

Diamond mining giant De Beers has announced a reduction in its production forecast for the year, citing persistent weakness in global diamond demand, particularly in China. In its latest operational update, the company revealed that it would be adjusting its production plans to align with the subdued market conditions. While …

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Adamastor Arrives: New Era Dawns for Namibian Diamond Mining

Lüderitz, Namibia – A new chapter in Namibia’s diamond mining history unfolded today as the Adamastor, a state-of-the-art offshore diamond mining vessel, arrived at Lüderitz harbour. Owned by a consortium led by Paragon Investment Holdings through its subsidiary, Edgehill Resources, alongside Epia Investments and Lazare Kaplan International Inc, the vessel …

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