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Worlds largest diamond mining ship

Namibia to build world's largest diamond mining ship.According to new a report, five African commercial banks are investing up to $375 million in the construction of a new diamond mining vessel for a subsidiary of Anglo American’s diamond unit De Beers.

Nedbank Namibia, RMB Namibia, Standard Bank, ABSA and Bank Windhoek agreed to provide 80% of the funding for the ship, which will be the world’s largest of its type.

Debmarine Namibia – a 50-50 joint venture company between De Beers and the government of Namibia, will provide the balance of $94 million.

“The highest quality diamonds in the world are found in our ocean,” Debmarine Namibia Chief Executive Otto Shikongo said in a statement.

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