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Johannesburg - Namakwa Diamonds continues to pursue a strategic review of its mining operations in the North West province of South Africa, including talks with its labour unions, the diamond mining company said on Thursday.
No decision has been taken yet, the company said while noting the recent fall in its shares.
Namakwa had said in October that its focus was to reduce unit costs in its mining operations and preserve cash as it moved towards steady state production.
At 08:40 GMT, shares in Namakwa Diamonds were down 4.5% at 17.5 pence on the London Stock Exchange. They hit a new 52-week low of 15 pence earlier in the session.
The shares have lost more than a sixth of their value in the last three months.