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05:19Last update on: 12 Aug 2013
The Namibian
Mon 12 Aug 2013
SMS Of The Day * MINISTRY of Gender and Child Welfare, TEARS are rolling down as I write this SMS. The killing of women in Namibia is now like reciting a poem. Are we really getting the protection we deserve while women not being treated as part of this c Food For Thought * SO the Zimbabwe elections were free and peaceful and not free and fair? Bouquets And Brickbats * NURSES at Katutura Hospital must stop wearing those big plastic sandals at work because they are not the official working shoes. We want to see you looking smart and beautiful with your full uniform. SMS Of The Day * THIS nation is in dire need of a massive conference on housing. When we experienced a crisis in the education sector a crisis-control brain-storming conference was organised which resulted in the best deal ever for the Namibian child, nam Food For Thought * BOURGEOISIE has become a daily occupation if not the order of the day of the upper-echelons, President Hifikepunye Pohamba we urge you to revisit this unpatriotic geocentricism among your staff and the well-connected, for everybody to r Bouquets And Brickbats * COMMISSIONER of Prisons, can you please explain the strategies you use to appoint officers to certain positions? It is my observation that you are being fed with wrong information then you just promote individuals without making p SMS Of The Day * I THINK Paulus ‘The Rock’ Ambunda lost his belt because of this promoter and trainer. How can a world champion still be training at the Katutura Youth Complex where there is not enough equipment. I think they must follow the example of Ha Food For Thought * NAMIBIA Dairies are unable to match low prices of imported milk and this ultimately means the consumer will have to pay more for local milk. Look at the prices of the local chicken. All these profits are going in the pockets of a few in Bouquets And Brickbats * I AM pleased to hear that Cabinet has responded positively to the proposal of Namibia Dairies to support the industry. The restrictions which support the industry by reducing competition to ensure the survival of the industry is a SMS Of The Day * CEO’s golden handshakes. Somewhere on our statute books there must be a provision that if a board of directors suspends/dismisses a CEO without due regard to legal provision (substantive/procedural law) such board must carry the costs for Food For Thought * JACKY Asheeke was so right with her last column- why are the fathers of the dead children not being prosecuted? (Reference to the children who died in shack fires last week) Our justice system still protects men over women. In this cont Bouquets And Brickbats * ALEXACTUS Kaure, your column in Friday’s newspaper opened my eyes. One hardly finds impartial case study analysers in Namibia. Let’s not destroy the Polytechnic’s strong foundation (Tjivikua) as yet. At least wait until the transf
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NEWS - NAMIBIA
| 2013-08-06
Govt, De Beers negotiate sales agreement
Chamwe Kaira
THE Namibian negotiating team working on a new sales agreement between government and De Beers is expected to meet on Thursday this week to prepare a document to be used as a basis for the negotiations.
Mines and Energy minister Isak Katali yesterday said once the document is done, the team will submit it to the Cabinet Technical Committee.
“It (The document) will be presented to the Cabinet Technical Committee which I chair. The negotiations have not started,” Katali said.
In May 2011, government and De Beers signed a shareholder agreement which paved the way for a 50% government stake in De Beers Marine Namibia and the restructuring of Namdeb Diamond Corporation.
De Beers and government then formed a 50/50 Namdeb Holdings (Pty) which owns 100% of the two subsidiaries - Namdeb Land and Namdeb Sea (De Beers Marine Namibia).
The Botswana government owns a 15% stake in De Beers which means that the country is indirectly benefiting from the Namibian diamonds.There were reports last week that the Namibian government was also seeking to have access to Botswana diamonds through De Beers.
The other De Beers shareholder, Anglo American owns an 85% stake after buying out the Oppenheimer family’s 40% for US$1,5 billion. The deal brought to an end the Oppenheimer family’s 80-year ownership in the world’s largest diamond mining company.
The stake acquired by Anglo American in De Beers was initially offered to Namibian government. The State, however, turned the offer down.
Katali denied though that part of the meeting was to discuss a new shareholder agreement after some Cabinet ministers ostensibly floated the idea of acquiring shares in De Beers to access Botswana diamonds.
“In fact it will be negotiations on a new sales agreement and not a new shareholders agreement,” Katali said.
Asked if the government was happy with the current agreement with De Beers he said: “Its a 50/50 agreement, we should be happy.”
De Beers mines in Botswana, Canada, Namibia and South Africa.
Mines and Energy minister Isak Katali yesterday said once the document is done, the team will submit it to the Cabinet Technical Committee.
“It (The document) will be presented to the Cabinet Technical Committee which I chair. The negotiations have not started,” Katali said.
In May 2011, government and De Beers signed a shareholder agreement which paved the way for a 50% government stake in De Beers Marine Namibia and the restructuring of Namdeb Diamond Corporation.
De Beers and government then formed a 50/50 Namdeb Holdings (Pty) which owns 100% of the two subsidiaries - Namdeb Land and Namdeb Sea (De Beers Marine Namibia).
The Botswana government owns a 15% stake in De Beers which means that the country is indirectly benefiting from the Namibian diamonds.There were reports last week that the Namibian government was also seeking to have access to Botswana diamonds through De Beers.
The other De Beers shareholder, Anglo American owns an 85% stake after buying out the Oppenheimer family’s 40% for US$1,5 billion. The deal brought to an end the Oppenheimer family’s 80-year ownership in the world’s largest diamond mining company.
The stake acquired by Anglo American in De Beers was initially offered to Namibian government. The State, however, turned the offer down.
Katali denied though that part of the meeting was to discuss a new shareholder agreement after some Cabinet ministers ostensibly floated the idea of acquiring shares in De Beers to access Botswana diamonds.
“In fact it will be negotiations on a new sales agreement and not a new shareholders agreement,” Katali said.
Asked if the government was happy with the current agreement with De Beers he said: “Its a 50/50 agreement, we should be happy.”
De Beers mines in Botswana, Canada, Namibia and South Africa.
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