Tuesday 30 September 2014

Namibia: massive rough diamond is missing during strike

In all the commotion caused by a recent miner strike in Namibia over wages and medical and education fees, a massive rough diamond has gone missing, Mining.com reports. The stone is said to weigh a whopping 78 carats, and based on the prices paid for similar-sized diamonds in the recent past, it could be worth as much as $6 million.

The loss of a precious gem was not what Namdeb feared when one thousand five hundred employees of the Namibia Diamond Trading Company went on strike during the summer. As the IDI reported at that time, Namdeb threatened to take the Mineworkers Union of Namibia to court over the strike, claiming that it was affecting two essential emergency services crucial to its operations – the seawalls and mining de-watering. In a letter, Namdeb noted that failure to return to work “might result in loss of life and destruction of a national asset due to the strike."

The Namibian reported in August that Namdeb CEO Inge Zaamwani-Kamwi said that the strike cost the diamond company and the government about $930,000 a day and that it could even lead to the closure of the company.

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