Debmarine Namibia to invest $468m in its seventh diamond recovery vessel
Published on: Wednesday 15 May 2019
Debmarine Namibia, a joint venture between diamond miner De Beers and the Namibian government, has approved the construction of a new custom-built diamond recovery vessel, which will become the seventh such vessel in Debmarine’s fleet. The vessel, which will be built at a cost of $468-million, will start production in 2022 and is expected to add about 500 000 ct/y of production capacity to Debmarine Namibia’s output. This represents an increase of about 35% on current output levels.
