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Diamond Deal Brings Hope to Factories

THE new diamond sales agreement between De Beers and the government has brought hope to local diamond manufacturers that they will now start receiving enough and good quality diamonds for cutting and polishing. In December last year, the manufacturers appealed to the government to save them from collapse. At the …

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Contract mining offers edge in depressed market

There is a direct correlation between the market size of contract mining and the commodities cycle/prices and investment patterns in capital projects Historically, mining was a highly protected industry and had a low propensity for outsourcing, but more operations are being outsourced across Africa, says global consultant and adviser Deloitte. …

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De Beers and Namibia ink new decade-long Namdeb sorting, valuation, sales accord

Diamond major the De Beers Group of Companies and the Namibian government have signed a new ten-year sales agreement for the sorting, valuing and sales of Namdeb Holdings’ diamonds, representing the longest-ever signed agreement between the two partners. Namdeb Holdings is a 50:50 joint venture (JV) between the Namibian government …

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