Africa Resources AB
NNGM:AFRI0.12
SEK
-0.01
(-4.76%)
ISIN
SE0009496482
Return %
Stock
S&P 500
1Y
-71.63
14.20
3Y
-84.92
81.12
5Y
-95.64
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Thomas Häggkvist
- Full Time Employees
- 1
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- Stockholm Sweden
- IPO Date
- May 31, 2018
- Website
- africaresources.se
- Similar Companies
- Business
- Africa Resources AB (publ) (AFRI:NGM) is a Sweden-based mineral exploration and extraction company focused on diamonds in Africa. The company holds a 75% interest in diamond concession 674 (Tshikapa River project), covering 36 square kilometers in the southeastern Democratic Republic of Congo near the Angolan border, with an independently verified NI 43-101 compliant inferred resource exceeding 2.4 million carats from an estimated 9.9 million cubic meters of gravel; it also maintains a partner agreement on adjacent concession 665 (8 square kilometers), entitling it to production rights and a 20% profit share from identified targets, with an inferred resource of 988,000 carats from 6.6 million cubic meters of gravel. Operations emphasize alluvial diamond extraction along the diamond-rich Tshikapa River, leveraging collaborations with local partners and expertise for sustainable development, including historical exploration via resistivity mapping conducted in 2016. Founded in 2005 and headquartered in Stockholm, the company targets the Democratic Republic of Congo market through these concessions, with approximately 4,000 shareholders and a focus on social responsibility via local employment and community contributions. No major acquisitions, funding rounds, partnerships, or operational expansions have been publicly reported in the last 1-2 years, with activities centered on maintaining its established diamond projects amid a stable exploration platform.