Major Shareholders - 28 June 2006
Merrill Lynch & Co.,Inc. – 9.85%
AMP Limited – 7.14%
Commonwealth Bank of Australia – 5.56%
Major Shareholders - current on KIM website
Merrill Lynch & Co Inc 5.74%
AMP Limited 9.73%
JPMorgan Chase & Co 5.08%
DRC diamond miner, Miba, reports massive export decline
By: Rodrick Mukumbira
Posted: '29-JAN-07 10:00' GMT © Mineweb 1997-2006
WINDHOEK (Mineweb.com) --Violent conflicts with illegal miners, the Democratic Republic of Congo’s volatile 2006 general elections and the murder in June last year of South African engineer Mike Baby, have been cited as the reasons behind the decline in diamond exports from the Société Minière de Bakwanga (Miba), the country’s main diamond mining company.
Despite more peaceful times, Miba recorded an export decline of 80 percent in the second half of 2006 compared to the same period in 2005. Official figures say it exported 545,000 carats of diamonds between June and December 2006, down from 2.5 million in the second half of 2005, thus making it impossible for the state-owned firm to pay 6,500 of its employees for four months.
British broadcaster BBC reports that main cause of the decline in diamond exports has been a violent conflict involving illegal miners at the state-owned firm's largest mine in the Kasaai region that has resulted in equipment worth US$10 million not being used because of a lack of security.
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KIM
kimberley diamond company nl.
