Namdeb is set to open a new diamond mine in Namibia as it seeks to boost funds to finance the technology required to mine huge diamond reserves buried in the shallow and mid-waters of the Atlantic Ocean.
The diamond mine, Sendelingsdrif, is set to become the second-largest deposit within the Orange River Mining Licence Area, after Daberas.
“The new mine will generate much needed funds for the further development of other strategic projects required in order to [have sustainable operations beyond 2050],” Namdeb chief executive Inge Zaamwani-Kamwi was quoted as saying by New Era newspaper.
Sendelingsdrif was expected to yield about 45,000 carats per annum, with a single average size of 1.5 carats.
This would also help contribute to Namdeb’s annual target of 600,000 carats from land-based operations.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
