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Zambia : Hichilema is Following the Corrupt Path of Rhodes, Oppenheimer

Lusaka - Zambia: By Fred M'membe President of the Socialist Party

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Namdeb extends life of mine for land operations by up to 20 years

Namdeb extends life of mine for land operations by up to 20 years
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NAMDEB extends life of mine for land operations by up to 20 years

Joint venture between De Beers and Government of Republic of Namibia announces new plan, supporting economic, commercial, employment and community benefit, following receipt of royalty relief Namdeb Diamond Corporation (Proprietary) Limited (‘Namdeb’), a 50:50 joint venture between De Beers Group and the Government of the Republic of Namibia, today announced the approval of a new long-term business plan that will extend the current life of mine for Namibia’s land-based operations as far as 2042.

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De Beers gets royalty relief in Namibia deal - African Business

The new twenty year agreement slashes royalties paid by the joint company, Namdeb, for the next four years, and gives the crucial Namdeb mines, a new lease on life. But is it a good deal for Namibia?

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