Due to resources dwindling Beers’ joint ventures will close four diamond mines by 2022.
Namdeb is a DeBeers project with the government of Namibia, Will
close the Elizabeth Bay mine at the end of 2018 followed by the Daberas
deposit at the end of 2019 and Sendelingsdrif in 2020. The main asset
Southern Coastal will close in 2022.
Production saw a shift to offshore assets this past year. For the
first nine months of 2017, Debmarine’s production surged 22% to 1.1
million carats.
Subdued world economic growth will make the next few years
challenging, mainly due to negative impacts forecast in exchange rates
and other indices.
Source:
DCLA