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The project is laying off thousands of workers just as it begins exporting iron ore after decades of delays and corruption scandals.

Reuters | December 18, 2025 | 10:26 am

Company will resume production gradually and focus on mandatory training for employees and contractors, according to a memo.

Reuters | December 18, 2025 | 9:58 am

Diamond income has traditionally boosted Namibia's state coffers, accounting for about 30% of export earnings.

Reuters | December 17, 2025 | 7:21 am

A royalty rate of 5% would continue to apply for gold prices between $1,200 and $5,000 per ounce, according to the revised budget bill.

Reuters | December 17, 2025 | 7:13 am

Petra Diamonds shares jump on 425-carat discovery at Cullinan