Sign in | Join us  
      
 Popular Searches:diamond,cbn,tuck point blade,cup wheel,saw blade, brown fused alumina
Home -- Information


  Featured Companies
 • Yantai Cct Metal…
 • Dymend Tools Co.,…
 • Henan Boreas New…
 • Yancheng Xiehe Machinery…
 • EKF Industrial Supplies…
 • Ruishi New Material…
 • MORESUPERHARD
 • Henan Banner New…
 • Zhengzhou best synthetic…
 • Zhengzhou Haixu…

 Print  Add to Favorite
Custom your font size:     

De Beers to Close Four Namibia Mines


Post Date: 30 Oct 2017    Viewed: 1173

De Beers’ joint venture in Namibia will shut four diamond mines in the country by 2022 due to dwindling resources, Reuters reported last week.

Namdeb, a 50:50 project with the nation’s government, will close the Elizabeth Bay mine at the end of 2018, the Daberas deposit at the end of 2019, Sendelingsdrif in 2020 and the main asset, Southern Coastal, in 2022, Reuters said, citing a statement in the local media by a senior union figure.

The Elizabeth Bay and Daberas mines are “well beyond their original planned life of mine,” Namdeb corporate-affairs manager Pauline Thomas said in a statement to Rapaport News.

“The next few years will remain challenging, mainly due to subdued world economic growth, which negatively impacts forecast exchange rates and other indices,” Thomas explained. “We are constantly investigating new mining opportunities, however it is equally important that we plan responsibly for the possible closure of operations that reach the end of their economic life span.”

Namdeb's operations include land-based mines, as well as Debmarine Namibia, which searches for diamonds offshore. Land-based production amounted to 404,000 carats in 2016, while output at Debmarine — which includes five vessels that mine diamonds from the ocean floor — stood at 1.2 million carats.

Production in the country saw a shift toward the offshore assets this year. In the first nine months of 2017, Debmarine’s production surged 22% to 1.1 million carats, while land-based output declined 7% to 267,000 carats.


Superhard Material of China

Superhard Material of China

Abrasives and Grinding Products of China

Abrasives and Grinding Products of China

Coated Abrasives of China

Coated Abrasives of China

Chia International Abrasives & Grinding Exposition

China International Abrasives & Grinding Exposition

Home | About Us | Members | Contact | Advertising Quotation
Supported by Yuanfa Information Technology co.,Ltd
Copyright ©Abrasivesunion 2006. All rights reserved
Page rendered in 0.0232 seconds
增值电信业务经营许可证:豫B2-20202116  ICP备案:豫B2-20100036-2