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De Beers
De Beers Finds Buyer for Namibia Mine
De Beers has sold the Elizabeth Bay mine for NAD 120 million ($8.2 million), a year after it ceased operations at the deposit. The miner chose Lewcor Group, a 100% Namibian-ownedconsortium, following an extensive search for...
Mining Sep 15, 2019 Rapaport News
Namdia Garners $143M in First Annual Sales
Namibia’s rough-diamond division is expanding its client base, after seeing strong sales in its first year of operations. Namdia garnered revenue of NAD 2 billion ($142.8 million) in the 12 months that ended February 28, and last...
Rough Markets Nov 07, 2018 Rapaport News
Namibia Predicts Diamond-Sector Slowdown
Economic growth from Namibia’s diamond-mining sector willslow this year due to depletion of resources from inland deposits, its nationalbank said. While the industry’s contribution to gross domestic product(GDP) will increase 11% in 2018, that...
Mining Jul 09, 2018 Rapaport News
De Beers Seeks Buyer for Namibia Mine 150
De Beers Plans to Sell Namibia Mine
De Beers’ joint venture with the Namibian government is seekinga buyer for its Elizabeth Bay operation, as the miner diverts resources to its marineprojects. Namdeb closed ElizabethBay between 2009 and 2011, when it revived it and...
Mining Feb 12, 2018 Rapaport News
Namdeb mine
De Beers to Close Four Namibia Mines
De Beers’ joint venture in Namibia will shut four diamondmines in the country by 2022 due to dwindling resources, Reuters reported lastweek.Namdeb, a 50:50 project with the nation’s government, willclose the Elizabeth Bay mine at the end...
Mining Oct 29, 2017 Rapaport News
Philippe Mellier
De Beers and Namibia Strike Long-Term Deal
De Beers and Namibia signed a 10-year salesagreement – their longest pact ever – that will “significantly increase” thequantity of rough diamonds made available for beneficiation.The deal for sorting, valuing and sales ofdiamonds from Namdeb,...
Mining May 17, 2016 Rapaport News
De Beers Mining Area 1 Namibia
De Beers Reduces 1Q Output by 10%
De Beers diamond production slid 10 percent to 6.9 millioncarats in the first quarter as the miner reduced output in response to marketconditions.Production from Debswana, a joint venture with the Botswanangovernment, fell 5 percent to 5.3 million carats in the three...
Mining Apr 21, 2016 Rapaport News
De Beers Mining Area 1 Namibia
Namibia to Launch Independent Rough Diamond Sales
Namibia will soon start rough diamond sales, independent of De Beers, after the two parties agreed to a new 10-year supply deal. Under the still-to-be-signed agreement, the government will be entitled to 15 percent of run-of-mine production recovered...
Mining Jul 21, 2015 Avi Krawitz
Namdeb CEO Leaves Post for Government Position
Inge Zaamwani-Kamwi, the CEO of Namdeb Holdings, will leave her post at the end of July, the company announced. Namdeb, the diamond-mining joint venture between De Beers and Namibia, added that it will announce Zaamwani-Kamwi's...
Mining Jul 01, 2015 Ronen Shnidman
Jwaneng Operations
De Beers 4Q Production -8%
De Beers rough diamond production fell 8 percent year on year to 8.366 million carats during the fourth quarter of 2014, Anglo American reported. Production for the full year 2014 rose 5 percent to 32.605 million carats....
Mining Jan 28, 2015 Avi Krawitz
Namdeb mine
NDTC's Annual Royalties to Namibia Approach $62M
The Namibia Diamond Trading Company (NDTC) paid $8.7 million (NAD 100 million) in diamond dividends to the government, bringing the total payout this year to $61.5 million, according to the New Era newspaper. Namibia's...
Mining Dec 09, 2014 Jeff Miller
De Beers 2Q Production +7%
De Beers production rose 7 percent year on year to 8.515 million carats in the second quarter of 2014, Anglo American reported. The increase was largely due to higher output at the company's Venetia mine, following pit flooding...
Mining Jul 17, 2014 Deena Taylor
Jwaneng Mine, Botswana
De Beers 1Q Production +18%
De Beers production rose 18 percent year on year to 7.532 million carats in the first quarter of 2014, Anglo American reported. The increase was largely due to easy annual comparisons since one year ago, production was...
Mining Apr 24, 2014 Deena Taylor
Jwaneng Operations
De Beers 4Q Production +13%
De Beers production rose 13 percent year on year to 9.132 million carats in the fourth quarter of 2013, Anglo American reported. Full year production grew 12 percent to 31.159 million carats. The increase reflected improved production at the...
Mining Jan 29, 2014 Deena Taylor
Jwaneng Mine, Botswana
De Beers 2Q Production +10%
Anglo American reported that its second quarter diamond production from De Beers grew 10 percent year on year to 7.931 million carats. The increase reflected improved grades at the Orapa and Jwaneng mines, offset by lower...
Rough Markets Jul 18, 2013 Deena Taylor
Namdeb Action May Force MUN Strikes
Namdeb Diamond Corporation requested a certificate of unresolved dispute for wage negotiations with the Mineworkers’ Union of Namibia (MUN) after five months of negotiations. MUN representative Shavuka Mbidhi noted that Namdeb’s request could potentially...
Mining Aug 20, 2012 Ricci Dipshan
Namdeb PDP
Namdeb Reaches Milestone in Search for Marine Diamonds
Namdeb reported that its probe drill platform (PDP) drilled 24 holes in 24 hours some 335 meters off the coast of Namibia in November. This is a significant milestone in exploring the marine portions of the group's mining licenses...
Mining Dec 21, 2011 Deena Taylor
Namdeb Seeks Civil Action Against Striking Workers, MUN
Namdeb proceeded with a civil action against its striking employees and the Mineworkers Union of Namibia (MUN) for an estimated $551,000 (NAD 4 million) a day in losses it has suffered since a strike began on August 16, according...
Mining Aug 23, 2011 Ricci Dipshan
Namibia, De Beers Sign Diamond Partnership Agreement
De Beers and Namibia reached an agreement in which the country will increase its shareholding in De Beers Marine Namibia (DBMN) to 50 percent from 15 percent. As part of the agreement, the shareholders have agreed to establish a new 50/50 joint venture holding company for Namdeb and DBMN. The new firm...
Mining May 18, 2011 Jeff Miller
Namdeb 2010 Rough Sales +49%
Namdeb Diamond Corporation reported that for the year 2010, the company increased the number of carats sold by 12 percent. Without citing exact figures, the company recorded a 58 percent increase in production, which would come to approximately 1.46 million carats by Rapaport calculations. Namdeb reported that diamond...
Mining Apr 28, 2011 Jeff Miller
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