Debmarine Plans New Exploration and Sampling Vessel

(IDEX Online News) – Debmarine Namibia has named its new planned N$2.3 billion ($194 million) vessel after the company’s founding president, Sam Nujoma.

The MV Nujoma, a diamond exploration and sampling vessel, will be build in Norway and is expected to be delivered in July 2017.

According to The Namibian, Debmarine will cover 25 percent of the total cost of the vessel, while Standard Bank Namibia and RMB Namibia, a unit of FNB Namibia, will cover remaineder

The MV Nujoma will become the sixth vessel owned by Debmarine Namibia.

Debmarine Namibia (Pty) Limited is owned wholly by Namdeb Holdings (Pty) Ltd, which is a 50/50 joint venture between the government of the Republic of Namibia and De Beers Centenary AG.

The company mines off the south west coast of Namibia. Debmarine Namibia accounts for more than half the total diamond production in Namibia and offshore deposits are estimated to be 80 million carats.