Matengu to conclude that the moratorium had been killed off and that LL NP and other companies can now proceed with marine mining
activities while LL NP may "construct its fertilizer factory" in Luderitz.
The leading marine mining
company, Debmarine Namibia has appointed Standard Bank Namibia to be the Lead Arranger and Lender of a US$60 million or about N$600 million facility, for the acquisition of the biggest marine diamond production vessel of its kind in the world, known as the 'Mafuta, which in Oshiwambo means seas, oceans or great seas.
Al-Naimi said the meeting discussed matters related to joint investment in minerals and training of national cadre in marine mining
s specialist marine mining
expertise to bear on this world-class deposit.
However, he notes that 5 years ago, the International Marine Minerals Society, based in Honolulu, adopted its own code for environmental management of marine mining
Until now, Trans Hex marine mining
operations have been confined to shallow water of less than 20 metres in the Namibian concession.
IMD is an international marine mining
contractor with state-of-the-art geophysical survey and sampling equipment.
The key objective of the benthic survey programme, Debmarine said, is to investigate the effects of marine mining
on benthic communities of soft-sediment habitats to determine the rate of recovery of these communities after disturbance by mining operations.
The minister noted that it is pleasing that Debmarine Namibia continues to lead the world in marine mining
technology and I hope that Debmarine Namibia can grow further to enhance its position as a true global leader.
David Heydon commented, "I am excited to team up with Diamond Fields, one of the few established marine mining
Namco scored a major coup last year when it acquired South African marine mining
operation, Ocean Diamond Mining (ODM) in fierce competition with Rembrandt-controlled Transhex Mining.
Production is steadily increasing to 50 tons per hour at the plant and our new shallow-water marine mining
equipment is presently undergoing "wet quarry testing" and should be in operation shortly.