Namibia’s rough diamond production increased by 9 per cent during 2023 to 2.33m carats. Marine diamonds, which account for the majority of its output, were up 8 per cent to 1.86m carats, according to Debmarine Namibia figures. Land-based production, overseen by Namdeb, increased 14 per cent to 468,000 carats. Despite the overall annual increase, fourth […]

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The government of Namibia could seek an increased share in its sales agreement with De Beers, after the mining giant agreed a phased move to a 50/50 split with Botswana. Namdia, the state-owned diamond company currently receives 15 per cent of the diamonds produced by Namdeb, the 50/50 joint venture between the government and De […]

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Namdeb Holdings Limited, a joint venture between the Namibian Government and Anglo American’s diamond unit De Beers Group, said on Thursday that it has sold Elizabeth Bay Mine and its associated marine assets as a going concern to Lewcor, a 100% Namibian-owned consortium. Namdeb, which unsuccessfully explored a variety of options to extend the life […]

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