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In 2005, she was purchased by De Beers, and converted to a subsea diamond-mining ship by A&P Tyne over the course of 11 months. The ship's new name, Peace in Africa, may have implied that it was providing an alternative to blood diamonds. [6] [12] In 2013, still under ownership of De Beers Marine Namibia, the vessel was renamed to MV Mafuta.
The Namibia Diamond Trading Company (NDTC) is a 50/50 joint venture between the Republic of Namibia and the DTC; the mining and sorting arm of De Beers.Namibia is a known source for gem quality diamonds and is the fourth-largest exporter of nonfuel minerals in Africa. [1]
De Beers Diamond Jewellers (DBDJ) was established in 2001 as a 50:50 joint venture between The De Beers Group of Companies and LVMH, the French luxury goods company. [81] The first De Beers boutique opened in 2002 on London's Old Bond Street as the brand's flagship store. Since then, stores have opened in various cities around the world.
The issues that Namibia are facing due to their colonialist past are also linked to already existing diamond mining. Companies such as De Beers contributed to the suspicious approach on foreign exploitation by the people of Namibia. Their extraction which involve copper and diamonds in the area has woken the colonialist past and has created ...
De Beers tried its hand at growing a lab-grown diamond jewelry business for six years before ditching it earlier this year. But a segment of that failed attempt has flourished—and it has nothing ...
A Marine officer can be posted outside the Marine unit and progress up the ranks to the singular appointment of Chief of Defence Force. The highest rank an enlisted member can attain is Warrant Officer Class 1, but the highest appointment they can hold is the Namibian Defence Force Sergeant Major .
Namibian Navy sailors on parade in downtown Windhoek on 20 March 2015 during Namibia's Independence celebration. Development of Namibia's navy has been slow. The force was only formally established on 11 September 1998 as a maritime wing, and in 2004 as a fully-fledged navy, fourteen years after independence.
The 350-page report found that De Beers had overmined the diamond reserves ahead of Namibia's independence: The excessive depletion of the deposit was a preferential depletion of the more valuable deposits to the detriment of the low grade deposits, and therefore a breach of the provisions of Clause 3 of the Halbscheid Agreement.