De Beers sells last Namaqualand Mines mining right

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Published on Thursday, 14 September 2023 11:53

Written by editor

De Beers has sold the Buffels Marine Mining Right (BMMR), and associated assets as of August 7, 2023, to Kleinzee Holdings, a consortium led by Melki Mining and HolGoun Investment.

The BMMR was De Beers’ last mining right at Namaqualand Mines.

The diamond miner has been doing rehabilitation efforts since it suspended operations on the BMMR in 2010 while searching for a reputable operator for the mining permit.

“De Beers is pleased to hand over the BMMR to Kleinzee Holdings as they resume mining operations and create new opportunities for economic activity and employment,” said De Beers group managed operations managing director Moses Madondo.

Kleinzee chairperson Thiru Govender said that the firm is aware of the difficulties it faces in operating a mine that has been undergoing restoration since 2010 when operations ceased.

“We are committed to ensuring that the mine is operational within the shortest period, bringing much-needed employment and economic stimuli to Kleinzee and the surrounding towns,” he said.

Meanwhile,  De Beers said it continues to invest in exploration activities in South Africa’s Northern Cape Province.

-Africa News