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.

Namakwa receives New Africa Mining Fund backing Namakwa receives New Africa Mining Fund backing Namakwa receives New Africa Mining Fund backing Namakwa receives New Africa Mining Fund backing 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.

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