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Namakwa receives New Africa Mining Fund backing

AUSTRALIAN listed Namakwa Diamond and its South African black empowerment partner Zaico have announced a deal with New Africa Mining Fund which will result in $7 million in development funding for the Namakwa diamond project.

Brad Ricks
Namakwa receives New Africa Mining Fund backing

This is the first investment by NAMF in a project since the private equity fund was formed to provide risk capital for the South African junior mining sector, according to Namakwa. NAMF recently announced...

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