Namdeb to Raise Elizabeth Bay Diamond Output by 32 Percent

Bloomberg reported that Anglo American plc’s (LSE:AAL) Namdeb Diamond Corp. plans to raise diamond output at its Elizabeth Bay mine by 32 percent just one year after opening; it will also continue mining there until after 2015.

As quoted in the market news:

Elizabeth Bay, an open-cast operation 25 kilometers (16 miles south of the town of Luderitz that was shut for three years, produced 205,000 carats last year “despite technical challenges and a delayed ramp up,” Namdeb spokeswoman Pauline Thomas said in an e-mailed response to questions. “Ongoing improvements are bearing fruit and E-Bay is expected to produce in excess of 270,000 carats during 2013.”

Click here to read the full Bloomberg report.