Namibia
Namibia Extends Diamond Royalty Relief to 2042, Securing Mine Life and Bolstering Economic Stability
In a pivotal move to safeguard its vital diamond mining sector, Namibia has extended significant royalty relief, initially enacted in 2021, through to 2042. This critical policy intervention primarily benefits Namdeb Diamond Corporation (Pty) Limited, a 50:50 joint venture between the Namibian government and De Beers Group (LSE: AAL)