Namdeb’s life of mine is up to 2042. Namdeb’s performance and continued journey as a significant contributor and role player in the Namibian economy would not have been possible without the royalty remission.
Nambeb is currently enjoying a five-year,5% royalty remission, agreed with the government in 2021.
Namdeb’s 2023 production year is characterised by milestones including the historical production achievement of one million western-block square meters of area mined.
Namdeb obtained contestable customer approval from Namibia’s Electricity Control Board (ECB), a key milestone for the development of the Wind Farm which is a strategic imperative contributing towards energy cost reductions and the goal of becoming carbon neutral by 2030.
On a similar trajectory, Namdeb’s 2024 milestones included significant milestones of bedrock cleaning exceeding 1.4 million square metres – the highest record since 2004.
Namdeb produced 467608 carats in 2023. Orange River Mines team exceeded its prior record of 2.9 million tons per annum.
Groundbreaking work delivered with our strategic projects on an in-depth study on alternative dry stripping solutions, which has the potential to transform our stripping processes, and add significant life and much-needed improvement to our long-term plans.
Obtaining environmental clearance for the construction of the Kerbehuk wind farm, as well as the development of a biodiversity management plan to ensure a net-positive environmental impact.
Exploration in Namdeb’s Southern Coastal Mine (SCM) focused on marine surveys, geophysics, large diameter drilling and sampling, sonic drilling and linear assay bulk samples to inform resource extension and development.
Various offshore echo sounder surveys were conducted to inform operational requirements and continuous updates and improvement of the geological model.
Modelling of various deposits were conducted in the Orange River areas, as well as high level financial evaluation.
Additional drilling and bulk sampling programmes have been designed and are proposed going forward.
Non-diamond exploration activities continued throughout 2023.
The first phase of exploration on the highest ranking prospect yielded encouraging results.
A portfolio of non-diamond prospects has been drafted and ranked following an analysis of historical data and focused fieldwork.
Despite the softening demand and lower prices for diamonds registered in 2023, Namdeb recorded a remarkable production performance which increased by 13.5% in 2023.
The higher production was due to increased mining capacity and successful ramp-up of operations and improved asset reliability through the acquisition of new machinery and equipment.
Namdeb continued collaboration with key stakeholders and focused their community impact initiatives towards a sustainable Oranjemund. –Namdeb/Chamber of Mines of Namibia
