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De Beers Cuts Production Amidst Sluggish Diamond Demand

Diamond mining giant De Beers has announced a reduction in its production forecast for the year, citing persistent weakness in global diamond demand, particularly in China. In its latest operational update, the company revealed that it would be adjusting its production plans to align with the subdued market conditions. While …

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Adamastor Arrives: New Era Dawns for Namibian Diamond Mining

Lüderitz, Namibia – A new chapter in Namibia’s diamond mining history unfolded today as the Adamastor, a state-of-the-art offshore diamond mining vessel, arrived at Lüderitz harbour. Owned by a consortium led by Paragon Investment Holdings through its subsidiary, Edgehill Resources, alongside Epia Investments and Lazare Kaplan International Inc, the vessel …

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Namibia’s Oil Boom: A New Wave of Drilling

 A flurry of exploration activity is set to kick off in Namibia’s offshore waters, with the arrival of the drilling rig Santorini signalling the start of a new wave of oil exploration. The Saipem-owned rig, en route to the Mopane field, owned by Portuguese energy giant Galp Energia, is the …

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