New board of NDTC announced

THE inaugural board of directors of the newly established Namibia Diamond Trading Company (NDTC) has been announced, with the Permanent Secretary of Ministry of Works, Transport and Communication, Shihaleni Ndjaba, appointed as its chairman.

Other members on the board are Festus Mbandeka, Erica Shafudah, Theo Saunderson representing the Government of Namibia, and Daniel Kali, Varda Shine, Brian McDonald and Mike Page of De Beers. At its first meeting held last week, the board discussed making the NDTC’s priority of completing the client selection and supply terms policy, so as to support the “creation of a vibrant Namibian, sustainable and competitive cutting and polishing industry”.On January 30, the Government and De Beers officially signed the new Namdeb (a joint venture between Government and De Beers) five-year sales contract which brought in new company – the NDTC.The Minister of Mines and Energy Erkki Nghimtina, said that 16 per cent of Namdeb’s production would be supplied directly to local cutting and polishing companies, and the NDTC would handle the sorting, valuing, selling and marketing of diamonds from Namdeb.At its first meeting held last week, the board discussed making the NDTC’s priority of completing the client selection and supply terms policy, so as to support the “creation of a vibrant Namibian, sustainable and competitive cutting and polishing industry”.On January 30, the Government and De Beers officially signed the new Namdeb (a joint venture between Government and De Beers) five-year sales contract which brought in new company – the NDTC.The Minister of Mines and Energy Erkki Nghimtina, said that 16 per cent of Namdeb’s production would be supplied directly to local cutting and polishing companies, and the NDTC would handle the sorting, valuing, selling and marketing of diamonds from Namdeb.