New African Mining AG
Listing of New African Mining
New African Mining AG / IPO Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Press release Successful listing of New African Mining Yesterday, the shares of Swiss based rough diamond company New African Mining AG were listed on the Frankfurt Stock Exchange. The first trading day saw the share price increasing, resulting in a gain of +4.7%. Zug/Frankfurt, July 4, 2007 – New African Mining AG (WKN A0MSTM, ISIN CH0031078220) listed on the Open Market of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) yesterday. On the basis of yesterday’s closing price of Euro 0.89, the company has a market capitalization of approximately Euro 70.1 million. New African Mining, with South African based operations, mines and sells rough diamonds in the extremely buoyant and lucrative diamond market. The company is extremely well positioned to focus on its strategy for the recovery of diamonds from tailings dumps and old, proven diamond mines by operating modern plants using the best available recovery technologies. Chairman David Hargreaves was pleased and said: 'We have created a sustainable platform for future growth with the timeous listing of our company. We are convinced to be able to implement our acquisitions strategy successfully and to form an attractive portfolio of diamond mines.' About New African Mining New African Mining (NAM), Zug/Switzerland, is in the business of mining and selling rough diamonds. NAM is structured as a holding company that owns and acquires dumps and mines through its wholly-owned subsidiaries. Up to date industrial mining techniques are being used. For further information please contact: Mail: info@newafricanmining.com Tel +41 44 500 54 17 DGAP 04.07.2007 ----------------------------------------------------------------------
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