Kenzoll Capital

30 Oct

Adamastor diamond mining vessel launches new era for offshore mining

ObserverObserver MoneyKenzoll Capital, LK Mining

Staff Reporter Namibia’s offshore diamond mining industry has been augmented by the arrival of the Adamastor diamond mining vessel at Lüderitz harbour. Lazarus Jacobs, a representative of LK Mining, in a statement on Wednesday, said the arrival of the vessel in Namibia, marks a new era for Kenzoll Capital and its local partners in the offshore mining sector. “Acquired by Amsterdam-based private equity firm Kenzoll Capital, the vessel’s arrival heralds a transformative chapter in Namibia’s offshore mining capabilities, with operations set to begin in Hottentots Bay,” the statement reads. The Adamastor, equipped with cutting-edge marine mining technology, is designed for…

Paragon Investment Holdings enters offshore mining industry

ObserverMainEdgehill Resources, Kenzoll Capital, LK Mining

Niël Terblanche Paragon Investment Holdings, through its subsidiary Edgehill Resources, has made an entrance into the offshore diamond mining sector. Partnering with Kenzoll Capital and other key stakeholders, Paragon is part of the joint venture behind the acquisition of the Adamastor, a state-of-the-art mining vessel set to operate in Hottentots Bay. This move positions Paragon as a new player in the lucrative offshore diamond industry, which is crucial to the country's economy. LK Mining’s representative, Lazarus Jacobs, has expressed optimism about the project’s potential, highlighting the favourable marine conditions and the high recovery rate of diamonds in the area. “The…