De Beers' diamond venture in Namibia axing at least 130 jobs

By Cecilia Jamasmie / January 17, 2018 / www.mining.com / Article Link

Namibia's top diamond producer, Namdeb, a 50/50 joint venture company between the country's government and De Beers, has begun offering early and voluntary retirement to at least 130 of its 1,700 workers, Xinhua reports.

According to the agency, the move seeks to ensure the sustainability of Namdeb land-based operations, which is facing potential sales, Mineworkers Union of Namibia Oranjemund branch chairman, Mbidhi Shavuka, told The Namibian Sun (subs. required) in November.

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

Diamond mining accounts for roughly 20% of the southern African country's export earnings.

 

Recent News

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok