Namibia Trading Diamond Company

Diamond production down 14%

Diamond production down 14%

CHAMWE KAIRA Production in Namibia decreased by 14% to 500 000 carats, reflecting intentional action to lower production at Debmarine Namibia, partially offset by planned higher grade mining and better recoveries at Namdeb, the Anglo American production report for the third quarter ended 30 September revealed. Anglo American owns De Beers, which in turn is a 50-50 partner with the government in Debmarine Namibia, Namdeb Holdings and Namibia Trading Diamond Company (NDTC). De Beers said overall rough diamond production in Namibia, Botswana, South Africa and Canada decreased by 25% to 5.6 million carats, reflecting a production response to the prolonged…
Read More