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Namibia Is Building The World’s Largest Diamond Mining Ship

AFRICANGLOBE - Five African commercial banks are investing up to $375 million in the construction of a new diamond mining vessel for a subsidiary of Anglo American’s diamond unit De Beers. Nedbank Namibia, RMB Namibia, Standard Bank, ABSA and Bank Windhoek agreed to provide 80% of the funding for the ship, which will be the world’s largest of its type. Debmarine Namibia – a 50-50 joint venture company between De Beers and the government of Namibia, will provide the balance of $94 million.
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