{"id":1927,"date":"2024-09-03T15:35:45","date_gmt":"2024-09-03T15:35:45","guid":{"rendered":"https:\/\/www.kenzoll.com\/?p=1927"},"modified":"2025-04-09T10:08:51","modified_gmt":"2025-04-09T10:08:51","slug":"paragon-ventures-into-offshore-diamond-mining-with-kenzoll-capital","status":"publish","type":"post","link":"https:\/\/www.kenzoll.com\/?p=1927","title":{"rendered":"Paragon ventures into offshore diamond mining with Kenzoll Capital."},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/content.thebrief24.com\/wp-content\/uploads\/2024\/09\/03175605\/paragon-vessel--1-1024x768.jpeg\" alt=\"\" class=\"wp-image-14380\"\/><\/figure>\n\n\n\n<p>Paragon Investment has ventured into offshore diamond mining in Hottentots Bay, through a partnership involving its subsidiary Edgehill Resources and Kenzoll Capital, an Amsterdam-based private equity firm.<\/p>\n\n\n\n<p>Kenzoll Capital acquired the offshore mining vessel Adamastor, marking the firm\u2019s expansion into Namibia with a focus on diamond mining.<\/p>\n\n\n\n<p>Paragon Investment Holdings co-founder Lazarus Jacobs said the venture is executed through LK Mining, a joint venture that includes Paragon\u2019s subsidiary Edgehill Resources, Epia Investments, and Lazare Kaplan International Inc.&nbsp;<\/p>\n\n\n\n<p>\u201cThis collaboration positions Kenzoll Capital as a key player in Namibia\u2019s mining sector, leveraging advanced marine mining technology,\u201d he said.<\/p>\n\n\n\n<p>The Adamastor is equipped to operate at depths of 90 to 150 metres, utilising remotely operated vehicles and hydraulic systems for efficient diamond extraction.<\/p>\n\n\n\n<p>The vessel features onboard processing facilities and a dynamic positioning system, making it highly suited for deep-sea mining.<\/p>\n\n\n\n<p>\u201cThis investment aligns with Kenzoll Capital\u2019s strategy of targeting frontier markets, complementing its interests in gold mining in Zimbabwe and oil exploration in Egypt. Namibia\u2019s stable political environment and reputation for producing high-quality diamonds offer promising prospects,\u201d said Tjeripo Hijarunguru of Epia Investments.<\/p>\n\n\n\n<p>The Adamastor is expected to arrive in Namibian waters by October 2024. LK Mining representatives, Jacobs and Hijarunguru expressed optimism about the potential of the Hottentots Bay concession, highlighting its high diamond recovery rates.&nbsp;<\/p>\n\n\n\n<p>\u201cThe expected yield of 0.2 to 0.4 carats per cubic metre&nbsp;underscores the region\u2019s rich diamond deposits and favourable marine conditions for preservation,\u201d the representatives said.&nbsp;<\/p>\n\n\n\n<p>The venture marks Paragon\u2019s entry into the mining sector, with the potential to boost Namibia\u2019s economy and further establish Kenzoll Capital\u2019s presence in the global diamond market.<\/p>\n\n\n\n<p>read the original article here:<\/p>\n\n\n\n<p><a href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:ugcPost:7227633841350336512?commentUrn=urn%3Ali%3Acomment%3A%28ugcPost%3A7227633841350336512%2C7227722366817107968%29&amp;dashCommentUrn=urn%3Ali%3Afsd_comment%3A%287227722366817107968%2Curn%3Ali%3AugcPost%3A7227633841350336512%29\">https:\/\/thebrief.com.na\/2024\/09\/paragon-ventures-into-offshore-diamond-mining-with-kenzoll-capital\/<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paragon Investment has ventured into offshore diamond mining in Hottentots Bay, through a partnership involving its subsidiary Edgehill Resources and Kenzoll Capital, an Amsterdam-based private equity firm. Kenzoll Capital acquired the offshore mining vessel Adamastor, marking the firm\u2019s expansion into Namibia with a focus on diamond mining. Paragon Investment Holdings co-founder Lazarus Jacobs said the &hellip; <a href=\"https:\/\/www.kenzoll.com\/?p=1927\" title=\"Paragon ventures into offshore diamond mining with Kenzoll Capital.\" class=\"read-more\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[],"class_list":["post-1927","post","type-post","status-publish","format-standard","hentry","category-energy-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kenzoll.com\/index.php?rest_route=\/wp\/v2\/posts\/1927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kenzoll.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kenzoll.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kenzoll.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kenzoll.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1927"}],"version-history":[{"count":1,"href":"https:\/\/www.kenzoll.com\/index.php?rest_route=\/wp\/v2\/posts\/1927\/revisions"}],"predecessor-version":[{"id":1928,"href":"https:\/\/www.kenzoll.com\/index.php?rest_route=\/wp\/v2\/posts\/1927\/revisions\/1928"}],"wp:attachment":[{"href":"https:\/\/www.kenzoll.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kenzoll.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kenzoll.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}