Namdeb for last two decades produced more than 15 million carats of diamonds worth N.dollars 41bn on land operations

WINDHOEK: The Namibian Diamond Mining Company, Namdeb, has for the last two decades produced more than 15 million carats of diamonds worth N.dollars 41 billion on land operations.

Namdeb’s Chief Executive Officer, Inge Zaamuani-Kamwi said N.dollars 12 billion were distributed to shareholders, of which 80 per cent went to the government.

She was speaking at an information-sharing session with the company’s stakeholders yesterday.

The session was aimed at giving perspective and reviewing the contribution of diamond mining to Namibia’s economy over the last 20 years.

Stakeholders present were also given insight into the marketing of diamonds worldwide.

She said these milestones are testimony of their mission which is to produce diamonds profitably, sustainably and responsibly for the benefit of their shareholders and other stakeholders whilst making a lasting contribution to Namibia.

Namdeb has contributed more than N.dollars 9 billion to the Namibian economy through royalties, taxes and dividends over the past 20 years from land operations.

SOURCE: NAMPA