The main producer of diamonds in Namibia is now Namdeb

Deputy Prime Minister, the presidential envoy in the Far East, Yuri Trutnev, the end of May undertook a working visit to Angola and Namibia. In Angola, in the framework of the visit Trutnev signed an agreement between Alrosa and Endiama of Angola to establish a venture to develop diamond deposits Luaxe (Luashe). In Namibia Trutnev, who co-chairs the Russian-Namibian Intergovernmental Commission, held talks on the expansion of economic cooperation in the development of mineral resource base in the nuclear field, mechanical engineering. In an interview to "Interfax" Trutnev told about the results of his talks with the Namibian authorities.

In order to enhance diamond cutting in Russian ALROSA opened in 2016 Eurasian Diamond Center (EATS) in Vladivostok, which reduced the time required to deliver the products to the two or three days. Indian KGK Group expressed its intention to establish a diamond cutting production in the Far East and said it is willing to invest about 500 million rubles in the construction of cutting and polishing enterprises in Primorye capacity of at least 15 million carats, according to the statements of the Corporation's development of the Far East.

"First you have to create an example of the competitiveness diamond cutting industry in the Russian Federation on the EATS site. Let us show that we can. Then let's see what else you need to establish mechanisms in order to create in Russia more jobs in this area. If we feel that the process of moving, but we need certain measures of state support, we are ready to consider different proposals. You can, for example, from ALROSA to take a little less dividends, but the use of the company's profits to support the cutting and polishing businesses, "- said Trutnev.

Namibian shelf

Asked about the possibility of working in offshore fields, he said: "The interest in this company has. This is an economic issue. I believe that the administrative intervene in such subjects do not need to. It is necessary to calculate how much it cost to ship, what is the content of diamonds in the excavated materials and their possible cost, the payback period of the project. As a result, the attractiveness of the project is compiled pattern. "

"There is only one problem - the content [in the areas of the shelf] are very different, in some areas of the difference in content is almost 100 times. Therefore, the economic analysis will be somewhat rough, "- said Trutnev.

However, Alrosa wary of such projects, said Deputy Prime Minister, it is the acquisition of new equipment and exit to a new kind of production. "They will think now while no decisions have been taken", - he added.

ALROSA also received an offer to cooperate with Namibia in diamond sales, Trutnev said. Acquire for this license and develop deposits necessarily, he said. "There was an offer to work together in terms of sales. We have gone from De Beers for more than 10 years ago, Namibia is now a step-by-step away from De Beers. Why not think about joint initiatives in marketing? This would save money and work more efficiently, "- said Deputy Prime Minister.

The main producer of diamonds in Namibia is now Namdeb (on an equal footing owned De Beers and the Namibian government). Last year, Namdeb produced 1.57 million carats, cut its output by 11%. Nevertheless, the "daughter» Debmarine increased its operations in the offshore Namibia last year.

ALROSA's presence in Africa is now limited to Angola, where the Russian manufacturer owns 33% in the Catoca mine, which occupies the 4th place in the world in terms of production. In late May, an agreement was signed between Alrosa and Endiama of Angola to establish a venture to develop diamond deposits Luaxe (Luashe). Moreover, ALROSA jointly with Botswana Diamonds is engaged in exploration of diamond deposits in Botswana, another region of De Beers's presence, the leading country of the cost of mined diamonds.
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