The Industry Standard: Intelligence for the Information Economy

  September 5, 2001
  NEWS & ANALYSIS
   Headlines
   Money & Markets
   Tech & Telecom
   Media & Marketing
   Metrics & Stats
   Policy & Politics
  SEARCH
   
  advanced search
  SERVICES
   Company Index
   Newsletters
   Wireless
  PRINT EDITION
   Read the Magazine

Home > Company Index > Metals & Mining > Diamonds & Other Precious Stones > Namibian Minerals Corporation

Namibian Minerals Corporation
 PROFILE
Did an undersea mining accident sink Namco? Namibian Minerals Corporation (Namco) has suspended its offshore diamond mining activities and placed its mining subsidiaries in Namibia and South Africa in provisional liquidation. Until an accident destroyed one the company's multimillion dollar seabed crawlers, Namco was the world's #2 marine diamond mining company, behind De Beers Marine. Namco used its remote-controlled seabed crawlers (the NamSSol and second-generation NamSSol II) to excavate seabed sediment and transport it to surface mining ships for processing. The company's Namibian subsidiaries have been released from the liquidation proceedings. Israeli diamond firm the Leviev Group controls about 40% of Namco.

 COMPETITION
Anglo American plc (AAUK)
De Beers Consolidated Mines Limited (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 41.80
1-Yr. Sales Growth: (2.3)%
Employees: 480
Revenue per employee: $87,083.33

 KEY PEOPLE
• J. Alastair Holberton
    CEO
• Eliezer Nefussy
    CFO

 CONTACT INFO
243-247 Pavilion Rd.
London SW1X OBP, United Kingdom
Phone: 44-(0)-8900
Fax: 44-(0)-8889
Online: Web Site

Company Data   News, quotes & more       

Hoovers Online   Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.


ADVERTISEMENT
FEATURED LINKS
Home |  Customer Service |  About Us
Australia |  Brazil |  China |  Korea |  Norway |  Poland |  Sweden |  Taiwan

Copyright ©2001 Standard Media International. Privacy Policy
Stock data provided by Stockpoint and its data suppliers. Copyright © 1995-2001