De Beers announces marine diamond deal with Namibian govt

Diamond giant De Beers on Wednesday confirmed speculation that the Namibian government would lift its stake in the company’s marine mining business in the country from 15% to 50%. De Beers and the Namibian government already have 50-50 joint...

Miners eye sea as land resources diminish

The diminishing nature of some land-based mineral resources (the resource determines where you mine and whether you mine – not a nongovernmental organisation focus which is, in fact, a welcome interest) has increased the importance of marine...

Miners eye sea as land resources diminish

The diminishing nature of some land-based mineral resources, [the resource determines where you mine and whether you mine - not an NGO focus which is in fact a welcome interest] has increased the importance of marine mining and has reignited the...

Project delays, mine shutdowns and cutbacks

A chronological summary of project delays, mine shutdowns and production cutbacks announced by miners around the world in response the falling metals prices and tightening financial markets. Begins July 2008.

Namdeb cuts output as economic crisis hurts wholesale market

Namibian diamond producer Namdeb and De Beers Marine Namibia would immediately reduce production for the remainder of 2008 and early 2009, as a result of high inventory levels and low liquidity impacting on wholesale clients’ ability to purchase...

Diamonds around the world

Rough diamonds are currently mined in 25 countries and on every continent except Europe and Antarctica, from openpit, underground and offshore sites Creamer Media�s Research Channel reports in its diamond research report in 2006.

De Beers' Namibian unit upgrades mining vessel

The conversion of De Beers Marine Namibia�s diamond mining vessel, Debmar Atlantic was completed recently allowing for a 30% increase in the vessels mining capacity.

Mining sector to grow 7,4% in 2007, says central bank

The Namibian mining sector �€“ the country's main foreign-exchange earner �€“ is projected to grow by 7,4% this year, slowing from last year's 13,6% growth rate, the Bank of Namibia said last week.

De Beers expects to expand marine gem output from SA waters

By this time next year, the Peace in Africa should be recovering diamonds from South Africa’s seabed. The Peace in Africa will be the vessel with which diamond company De Beers makes its maiden foray to recover valuable diamonds from the...

De Beers sees more marine-gem potential off SA

By this time next year, the Peace in Africa should be recovering diamonds from South Africa’s seabed. The Peace in Africa will be the vessel with which diamond company De Beers makes its maiden foray to recover valuable diamonds from the...

Innovation key as land-reserves dwindle

The year 2004 was a difficult year for Namdeb, as it felt the effect of the unfavourable exchange rate and the declining land reserves.

De Beers Marine Namibia to raise output 21%

Marine diamond producer De Beers Marine Namibia said on Wednesday that its newly acquired vessel, the Gariep, would boost the company's 2004 output by 21%, following a R515-million conversion.