New Developments Of The Mining Methods And Technology For The Excavation Of Marine Deposits At The Example Of Namibia's Off-Shore Diamond Operations - Intro: Diamonds In Namibia ? National Economical Importance Of 100 Years Of Diamond Mining

- Organization:
- Society for Mining, Metallurgy & Exploration
- Pages:
- 8
- File Size:
- 828 KB
- Publication Date:
- Jan 1, 2011
Abstract
The mining industry is one of the three pillars of the Namibian economic development, besides tourism and the fishing industry. Generating 20 % of the GDP and more than 50 % of the export income, half of this amount derives from the diamond mining industry. In 2008, the annual production of 2.2 mio carat achieved an income higher than 1.44 billion Namibian Dollars (more than 750 mio Euro). After the global recession in early 2009, which also caused a significant downcrease in production to only 0.93 mio Carat, the diamond mining industry easily restored itself and the production figures for 2010 are expected to be even higher than those achieved in 2008. Compared to other diamond producing countries, Namibia is mainly producing diamonds of highest quality (jewellery quality), with less than 10 % of the mined diamonds not falling into this category. This high quality stands also for the worldwide highest prize achieved per carat. With 370 $US per carat it is more than four times higher than that of the average South African stone. In 1908 the finding of the first diamonds in the Namib desert close to the coastal town of Lüderitz was reported by a Mr Stauch, railway inspector for the then German colonial railway company. This event immediately triggered a Diamond Rush and subsequently the set-up of the restricted diamond mining area ?Sperrgebiet? through the German colonial administration. In 1913, only five years after the first mining operations had started, the steadily increasing production allowed for more than 20 % of the diamond production worldwide. After the First World War, the new South African government concentrated all mining activities in one organization, CDM (Consolidated Diamond Mines of South West Africa) which in following decades conducted an extensive and detailed exploration of the whole Sperrgebiet and started numerous new diamond mining operations.
Citation
APA: (2011) New Developments Of The Mining Methods And Technology For The Excavation Of Marine Deposits At The Example Of Namibia's Off-Shore Diamond Operations - Intro: Diamonds In Namibia ? National Economical Importance Of 100 Years Of Diamond Mining
MLA: New Developments Of The Mining Methods And Technology For The Excavation Of Marine Deposits At The Example Of Namibia's Off-Shore Diamond Operations - Intro: Diamonds In Namibia ? National Economical Importance Of 100 Years Of Diamond Mining. Society for Mining, Metallurgy & Exploration, 2011.