Mining

Namibia has not been spared by the global diamond value chain slump bordering on a depression, with weak prices, soft retail demand, elevated inventories and fast-growing competition from lab-grown stones....

Debmarine is replacing two retired mining vessels, the Grand Banks and Coral Sea, with a N$1.1 billion next-generation crawler designed to restore part of the production capacity lost through their...

De Beers has confirmed a 5% decline in its Namibian rough diamond production for the second quarter of 2025, with the drop attributed to planned cutbacks in marine mining under...

Namibia’s Sixth National Development Plan (NDP6), launched by President Netumbo Nandi-Ndaitwah in Windhoek on Monday, sets targets to increase local ownership in mining ventures from 51 % in 2024 to 60 %...

Namibia’s diamond industry's direct fiscal contribution declined sharply in 2024, according to Anglo American’s newly released Tax and Economic Contribution Report 2024. The report, which tracks payments to governments across...

There are plans to lower rough diamond production at Debmarine Namibia and offset the output by mining in higher-grade areas and better recoveries at Namdeb. De Beers says production in...

Deep Yellow has once again deferred the Tumas project's final investment decision, and the construction of the processing plant has been delayed until an improved uranium price incentive supports greenfield...

De Beers' rough diamond production cuts have caught up with Debmarine, which recorded a decline in earnings of N$7.1 billion in just two years between 2023 and 2024. The company...

De Beers is actively assessing options with its partners to reduce rough diamond production in the future. The company has kept the 2024 production guidance unchanged at 23-26 million carats. This...

Namibia's production of rough diamonds decreased by 3% to 1.2 million carats in the quarter ending June 30, 2024. De Beers says planned lower production at Debmarine was partially offset...