Namdeb seeks State recapitalisation as diamond prices erode revenue

Namdeb Holdings, comprising Namdeb and Debmarine Namibia, has approached the Namibian government for financial assistance as falling global diamond prices cut into revenue, The Namibian reports.


Today

Nornickel and Reksoft Implement "smart vision" to protect production

Nornickel has deployed a neural network-based video analytics system across its facilities, designed to prevent equipment breakdowns and production stoppages, the company’s press service reported.

Today

Lundin achieves record quarterly gold output at its flagship Ecuador mine

Vancouver-based Lundin Gold has reported that in the third quarter of 2026, gold production at its Fruta del Norte mine in southeast Ecuador hit a new quarterly record.

Today

Richemont, Signet in talks to join De Beers consortium – report

Luxury group Richemont and US retailer Signet Jewelers are in advanced talks to join the Global Diamond Consortium (GDC) bidding for De Beers, according to five people familiar with the matter, Bloomberg reports.

16 october 2026

Rio Tinto begins Q4 of 2026 with strong operational performance

The Anglo-Australian mining group Rio Tinto has reported its third-quarter 2026 results, highlighting strong operational performance.

16 october 2026

Betrayal of Trust: Uncovering Police Corruption in the Belgium Diamond Sector

18 may 2016

(idexonline.com) - In every society there are some who commit crimes. An investigative free press will not hesitate to expose those individuals and companies. All of us trust and rely on law enforcement institutions to make sure that those who violate laws are held accountable – and pay the price (including removal from society through prisons or death penalty). The police are there to ensure that the law is upheld – in fact, they represent the law, they are the face of the law. If the police themselves violate laws, fabricate evidence, make false arrests, use their power to extort, society cannot function. People start to fear the police – they may even feel compelled to take the law into their own hands. In recent years, many diamantaires in Antwerp have lost their trust in those whose sole task it is to police the diamond sector. One sensed that there were corrupt elements in the diamond police. That there were policemen who broke their social contract and abused their power for personal gain. Some diamantaires and companies became victims – some went bankrupt as their inventories had been arbitrarily and unnecessarily seized.