Wednesday , April 24 2024

New US$142 million mining vessel on the cards

Debmarine has announced plans to construct the world’s largest custom-built diamond mining vessel.

The new vessel projected to cost approximately US$142 million (N$2 billion), is expected to commence operations in 2021.

According to De Beers, the ship will work alongside five other mining vessels in the Debmarine Namibia fleet, enhancing the business’ ability to recover diamonds off Namibia’s Atlantic coastline.

The 176 metres long vessel will be two metres longer than the largest vessel currently in the fleet, the mv Mafuta.

“This is an exciting undertaking not only for the business, but also for the wider Namibian industry. We will remain focused throughout on safety, quality, timely delivery and cost containment,” said Otto Shikongo, Chief Executive Officer of Debmarine Namibia said.

Bruce Cleaver, Chief Executive Officer of De Beers Group said there is a great amount of potential in Namibia’s marine diamond deposits and the new vessel will support strategy to continue to grow our offshore operations.

“Earlier this year, we launched the mv SS Nujoma, the world’s largest diamond sampling and exploration vessel, and this has improved our ability to target our mining activities.”

“The acquisition of a new, custom-built mining vessel will help capitalise on the work of the mv SS Nujoma, thereby supporting the long-term future of Namibia’s diamond sector,” Cleaver said.

The new vessel is expected to create 130 new jobs alongside Debmarine Namibia’s current workforce of 900 employees.

Currently, the business has signed a Memorandum of Understanding with Kleven Verft AS, the company responsible for building the mv SS Nujoma, for the construction of the new vessel.

Namibia is a 50/50 joint venture between the Government of the Republic of Namibia and De Beers Group.

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