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Debmarine Namibia diamond recovery vessel, Namibia

21st June 2019

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Debmarine Namibia diamond recovery vessel.

Location
Namibia.

Project Owner/s
Debmarine Namibia, a 50:50 joint venture between De Beers Group and the Namibia government.

Project Description
The project involves the construction of a new custom-built diamond recovery vessel, which  will become the seventh in the Debmarine Namibia fleet, with the capacity to add 500 000 ct/y to production, a 35% increase on Debmarine Namibia’s current levels.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an internal rate of return of more than 25% and a payback of three years.

Capital Expenditure
The project is estimated at $468-million.

Planned Start/End Date
Production is expected to begin in 2022.

Latest Developments
Debmarine approved the project in May 2019.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Too early to state.

Contact Details for Project Information
De Beers Group (South Africa), Pranill Ramchander, tel +27 11638 2592 or email pranill.ramchander@angloamerican.com.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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