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NDTC's Annual Royalties to Namibia Approach $62M

Dec 9, 2014 2:54 PM   By Jeff Miller
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RAPAPORT... 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 Minister of Mines and Energy, Isak Katali, claimed that the diamond industry  represented the largest mineral royalty for the government. In addition, Katali confirmed that progress was being made on creating additional diamond cutting and polishing factories to further expand its beneficiation objectives, the report noted.

Tags: diamond, dividends, Jeff Miller, mining, Namdeb, Namibia
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