De Beers Diamond Venture Puts Namibian Mine On Sale

By Nyasha Nyaungwa

Namdeb, a 50/50 joint venture between the Namibian government and Anglo American’s diamond unit De Beers, has put the Elizabeth Bay Mine on sale, a company spokesperson said on Friday.

 The company name of De Beers is displayed in Hong Kong, China September 14, 2016. REUTERS/Bobby Yip
The company name of De Beers is displayed in Hong Kong, China September 14, 2016. REUTERS/Bobby Yip

The sale comes three weeks after the diamond miner wrote to staff offering voluntary redundancies that will affect at least 130 of its 1,700-strong workforce.

Editing by James Macharia

Source: af.reuters.com

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