Diamond

Namibia’s diamond industry, once a glittering jewel in the country’s economic crown, is facing a period of turbulence. A slowdown in global demand, coupled with potential new regulations, threatens to cast a shadow over the sector. Minister of Mines and Energy, Tom Alweendo, painted a sobering picture during his recent …

Driven predominantly by the significant boost in diamond production, Namibia’s mining sector continued to expand in 2022, posting a growth rate of 21.6 percent. This is according to Namibia’s Chamber of Mines Annual Review for 2022 released recently. In addition to the strong economic performance of mining, the report says there …

Because Debmarine Namibia’s new mining vessel is expected to start production in the second quarter of 2022, diamond mining is expected to grow strongly in 2022 and 2023. Debmarine Namibia’s N$7 billion diamond recovery vessel, the Additional Mining Vessel (AMV3), will retrieve diamonds from the seabed off Namibia’s coast using …

Economic analysts believe that the industrial sector is set to benefit from planned expansions of existing diamond, gold, and tin mining operations; the possible resuscitation of mothballed zinc, copper, and uranium mines; and the development of new ‘battery mineral’ mines. Namibia’s prospects look more positive as growth is expected to …

Namdeb, a joint venture between the Namibian government and diamond giant De Beers, announced on Thursday that a new long-term business plan had been approved, allowing the company to extend the life of its land-based mines by 20 years, to 2042. De Beers — which also mines diamonds offshore through …

Namibia’s Oranjemund, where Namdeb’s mine is adjacent to the Orange River’s estuary, is a key location for diamond extraction. By the time it reaches the ocean, the river has travelled through most of southern Africa and is rich in minerals. The current slows and the rocky fragments settle out at …

Namibia Statistics Agency’s most recent trade statistics has revealed that mining production across various commodities boosted exports significantly in June 2021, with exports increasing by 14.1 per cent to N$8.6 billion, up from N$5.4 billion the previous month. According to the Statistics Agency, key commodities accounted for just over 70% …

Namibia, a major producer of diamonds and uranium, announced on Wednesday that locals who hold mineral exploration licenses would no longer be able to sell them to foreigners, in an effort to reduce speculation in the field. Mines and Energy Minister Tom Alweendo revealed that effective April 1, Namibian mining …

According to the Bank of Namibia (BoN), diamond output was down 14,7 per cent in real terms in 2020, and growth is projected at 2,8 per cent in 2021 and 16,9 per cent next year. Namibia expects robust growth in diamond and uranium mining this year after the two sub-sectors …

Debmarine Namibia’s latest additional recovery vessel has started to take a perfect shape after the installation of the helideck a week ago in Damen Mangalia Shipyard, Romania. Helideck with the diameter of 22.8m with a total weight 49.2 tonnes will be the largest in the Debmarine Namibia fleet and designed …