Diamond Mining
Kasai Sud Diamant (KSD)
Kasai Sud Diamant SARL (KSD) is a diamond company incorporated in April 2006, dedicated to the research, exploitation and commercialisation of mineral substances (diamond). Its registered office is Avenue Katanga N°2, App. A1, Kinshasa/Gombe. The company is managed by Franck Nyimilongo Pieme and held by New Terra-Z SARL and Ets II & M Fils.
KSD holds two exploitation permits near Tshikapa in the Kasai province: PEPM 9709 (34 carrés, 28.90 km², granted 23 December 2019, 10-year validity) and PE 571 (26 carrés, 22.10 km², granted 13 September 2006, 15-year validity) — a combined 60 carrés covering 51 km². Both titles are in renewal under force majeure, with the possibility of an additional three-year period.
Artisanal diamond exploitation is already under way on PE 571, and exploration spend is estimated at USD 11 million, recoverable before tax and profit-sharing.
Key Facts
- Incorporated April 2006 — SARL, share capital USD 2,000 (100 shares)
- Permits: PEPM 9709 (28.90 km²) and PE 571 (22.10 km²) — 60 carrés / 51 km² total
- Artisanal diamond exploitation under way on PE 571
- Exploration spend estimated at USD 11M, recoverable before tax and profit-sharing
- Manager: Franck Nyimilongo Pieme
- Shareholders: New Terra-Z SARL and Ets II & M Fils
Partnership Options
- Equity participation (prise de participation)
- Joint venture to develop the exploitation
- Possibility to acquire the title or the company
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