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Namibia: Namdeb Extends Land-Based Operations Until 2042

De Beers: “Namdeb’s future is now secure”
diamond mining truck Namibia
Credit: Namdeb

Namdeb Diamond Corporation, a 50:50 joint venture between De Beers Group and the government of Namibia, has introduced a new long-term business plan that will extend the current life-of-mine (LoM) of its land-based operations by 20 years to 2042.

 

Alluvial Mining
Credit: Free Wind 2014 / Shutterstock.com

 

According to Mining Weekly’s report, the Namibian government has offered Namdeb “royalty relief from 2021 to 2025, with the royalty rate during this period reducing from 10% to 5%.” The new business plan is expected to add about N$40-billion for Namibia, according to the report. The new plan will also create 600 new jobs.

 

Namibia or Zimbabwe
Credit: Chaim Even Zohar

 

De Beers CEO Bruce Cleaver commented: “This new business plan […] means that Namdeb’s future is now secure and the company is positioned to continue making a significant contribution to the Namibian economy, the socioeconomic development of the Oranjemund community and the lives of Namdeb employees.”



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