West Coast Resources is a diamond-mining company with operations in the Namaqualand region of the Northern Cape. The Company is owned by Trans Hex Group Ltd (40,0%), RECM and Calibre Ltd (27,2%), the State (Department of Public Enterprises) (20,0%), Dinoka Investment Holdings (Pty) Ltd (8,8%) and the Namaqualand Diamond Fund Trust (4,0%).
West Coast Resources has contracted Trans Hex to manage the Company’s operations and to market the diamonds it produces.
Mining activities commenced in December 2015.
Production for the Company’s second financial year, which ran from 1 April 2016 to 31 March 2017, totalled 80 506 carats at an average grade of 33,28 carats/100 m3, an average stone size of 0,27 carats per stone and an average price of US$166 per carat.
As at the end of June 2017, the Company had created 216 permanent jobs and 79 part-time employees were employed as a result of the Company’s operations. West Coast Resources plans to create approximately 686 jobs, directly and indirectly, by 2020.