Friday, 24 August 2012

JV partner sought for diamond mine in Namibia

Three businessmen acquired a diamond mine in the south of Namibia along the Orange River where you find the best gem quality diamonds in the world. 

This mine has a valid mining license and management will be able to renew the license for 10 years. Management has the sole mandate on this mine from the liquidators. 

Management has all the reports and intelligence on the mine. 

Management also has access to all the trained personnel that will be needed on this mine. 

The owners need to put up a new plant on the mine, because the old plant is too small and out of order. 

The owners have the knowhow to revamp the mine and to get it into full production. 

Capital is needed to do this and therefore the management is looking for a joint venture partner to go with us into a joint venture.

The partners will receive 70% ownership of the newly registered company, mine, equipment and license. 

Dividends will also be paid out 70/30 after all capital was paid back to the funders. 

We will be able to manage the mine and the production. We can be in full production within 3 months after receiving the funds. We have a detailed business plan and a 5 year budget plan on all income and expenses. We would welcome it if interested parties can visit us and the mining area for their own account. 


Should you need more info or have any questions you are welcome to contact Leon Nienaber on lnienaber @ live.com

About the region:

In 2005 Namibian diamond production amounted to an estimated US$ 0.9 Billion about 7% of the global contribution. In carat terms Namibia produces about 98% of gem quality diamonds, making it one of the world's largest producers of gem quality diamonds. Namibia produced a total of 1.4 Mct in 2003. In 2003 it was estimated that onshore operations account for about 55% of production and offshore operations for 45% of production.

It is estimated that over 100 Mct have been produced since mining began in 1908. Diamonds are mined along ancient river terraces along the banks of the Orange River, paleo beach deposits along the south western and western coast of Namibia, as well as from marine deposits situated offshore.

Geological reports of the area have been carried out in the past which indicate that the three blocks have inferred reserves of 9.5 million tonnes of diamondiferous deposits. In addition the paleo areas in blocks 10, 11 and 12 have inferred reserves of another 7 million tonnes. The reports suggest that there are between 321,250 and 477,500 cts of diamonds to be extracted from the three blocks.

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