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De Beers to extend life of Namibia mines to 2042

Cecilia Jamasmie | October 14, 2021 | 7:01 am News Africa Europe Diamond 

Namdeb, a joint venture between the Namibian government and diamond giant De Beers, announced on Thursday the approval of new long-term business plan that will allow it to extend its land-based mines’ life by 20 years to 2042.  Under the new deal, De Beers — which also mines diamonds...

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