THE Namibian Diamond Trading Company (NDTC) handed over its second dividend cheque to the Ministry of Mines and Energy worth N$80 million yesterday, bringing the total dividends paid this year to N$240 million.
“This has been an exceptionally good year for the company, during which revenue grew from N$9 billion in 2012 to an all time high of N$11 billion, representing an increase of 26,5% for the year,” NDTC chief executive officer ShihaleniNdjaba boasted.
He said this positive growth in revenue is largely attributed to relatively high diamond production coupled with favourable foreign exchange rates.
In a speech read on his behalf by his deputy Willem Isaack, the Minister of Mines and Energy, Isaack Katali, said they were happy the agreement signed between NDTC and government was bearing fruits.
“It’s clearly visible today this agreement paved the way for rough diamonds mined in Namibia to be sold to the international markets but most importantly for a percentage of the rough diamonds to be retained and sold to contracted local right holders in Namibia, who in turn cut and polish them for sale to local jewellers and for export,” he said.
Stay informed with The Namibian – your source for credible journalism. Get in-depth reporting and opinions for
only N$85 a month. Invest in journalism, invest in democracy –
Subscribe Now!
