News

De Beers diamond venture puts Namibian mine on sale

by Bill Okonedo

February 9, 2018 | 2:30 pm
  |     |     |   Start Conversation

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 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, Reuters reports.

Tags: , , , ,

by Bill Okonedo

February 9, 2018 | 2:30 pm
  |     |     |   Start Conversation

Big Read |  

Analysis
Why hotel room rates may not reach the $300 mark soon

Why hotel room rates may not reach the $300 mark soon

With a seeming scramble for market share by international brands, the Nigerian hotel market is truly burgeoning. The market features...


Top 100 (300 x250)

BRIU

Diamond

Election Banner