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 (67,2%), 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 third financial year, which ran from 1 April 2017 to 31 March 2018, totalled 173 920 carats at an average grade of 27,84 carats/100 tons, an average stone size of 0,23 carats per stone and an average price of US$153 per carat.
As at the end of June 2018, the Company had created more than 260 permanent jobs and 69 part-time employees were employed as a result of the Company’s operations.