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![namibia_diamond_mining_projected_to_maintain_high_growth_in_2018_central_bank_39084.jpg [19659007] Namibia diamond mine expected to maintain strong growth in 2018 - Central Bank </p>
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<p> According to Xinhua Net, diamond mining in Namibia is expected to maintain a high level of growth in 2018 before contracting in 2019 in Due to the depletion of onshore diamond deposits According to the July outlook, diamond mining is expected to grow by 10.9% in 2018. </p>
<p> BoN added that "this sector should then contract by 5.3% in 2019 ". Due to the lower production of landmines during this year, the Elizabeth Bay Luderitz mine is expected to close due to the fact that it has not generated profits in recent years. </p>
<p> In addition, the central bank said DebMarine Namibia is expected to significantly increase its output in the medium term.By the meantime, looking at other minerals mined in southwestern Africa, BoN said the Uranium mining growth is expected to slow in 2018 before accelerating in 2019 with the increase in production from the Husab mine. [19659009] At the same time, BoN has indicated that the growth of the minerals sector should slow down in 2018 and 2019 and become negative in the medium term.</p>
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