Namdia Eyes 50 Percent of Namdeb’s Diamond Production

Namdia Eyes 50 Percent of Namdeb’s Diamond Production

Bymajorwavesen

Desert Diamond Company Namdia’s Executive Management wishes to buy at least 50% of Namdeb Holdings’ diamond production, said its Finance Executive Officer Sven von Blottnitz. Blottnitz said this in a recent interview, while explaining the recent N$30,9 million write-off of the investment value in the Okahandja-based Namgem diamond polishing factory. The finance executive said despite…

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Angola foresees production of 14 million Carats of Diamonds

Bymajorwavesen

Daniel Terungwa Angola has predicted a production of 14 million carats of diamonds per year. This was announced by the country’s Minister of Mineral Resources, Oil and Gas, Diamantino de Azevedo. Azevedo announced this after the signing of a contract on mining investment related to the concession of the Chiri, in Angola’s eastern Lunda Norte…