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Market NewsNewsNamibia Gov, De Beers JV seeks buyer for Elizabeth bay mine

Namibia Gov, De Beers JV seeks buyer for Elizabeth bay mine

Namdeb, a 50/50 joint venture between the Government of the Republic of Namibia and De Beers Group, has announced it is to seek a buyer for its Elizabeth Bay mine to secure its long-term future, miningreview.com reported.

The mine was commissioned in 1991 and is located along the south-western coast of Namibia near the town Lüderitz, said the miningreview.com report. It employs around 160 people and produced around 200, 000 carats in 2017, it said.

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