The Namdeb Diamond Corp., a joint venture between the Namibian government and De Beers, has struck more diamond deposits after pushing the sea wall back at its land-based operations, according to a report on Bloomberg.com, quoted by IDEX Online.
The country’s finance minister Calle Schlettwein said that the discoveries of diamonds on land bordering the southern Atlantic coastal areas could extend ground-based mining operations by another 50 years. The area around Namibia’s Atlantic coast is thought to hold around 80 million carats of diamonds – and is the world’s richest marine deposit.
