De Beers Group: From Little Date Seeds, Great Things Are Born

Gareth Mostyn discusses De Beers Group's work in Namibia and our partnerships with local suppliers
May 17, 2017 8:00 AM ET

De Beers Group: From little date seeds, great things are born

In Namibia, more than a third of the entire population is aged under 15 – this is almost 10 per cent more than the global average.

While this obviously creates some socio-economic challenges in terms of education, employment and welfare, it also presents a real opportunity to establish a new generation of Namibian leaders who can take the country forward from strength to strength.

In De Beers Group, we recognise this means that our partnership with Government must play a major role in creating a positive future for this youthful population.

Of course, investing in Namibia’s future is the right thing for us to do commercially, as it means we will have access to a better trained, more diverse workforce for our operations in-country, and it means there will be more effective infrastructure to support our activities.

But, as the single biggest contributor to the country’s economy, our partnership also has a vital moral responsibility to help create the conditions in which young Namibians can thrive.

And while the economic benefits of our activities – through royalties, dividends and taxes – are a big part of our contribution to Namibia’s future, we recognise that there are other ways in which we can help shape a brighter future for all Namibians.

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About De Beers
De Beers is a member of the Anglo American plc group. Established in 1888, De Beers is the world’s leading diamond company with expertise in the exploration, mining and marketing of diamonds. Together with its joint venture partners, De Beers employs more than 20,000 people across the diamond pipeline and is the world’s largest diamond producer by value, with mining operations in Botswana, Canada, Namibia and South Africa. As part of the company’s operating philosophy, the people of De Beers are committed to ‘Building Forever’ by making a lasting contribution to the communities in which they live and work, and transforming natural resources into shared national wealth. For further information about De Beers, visit www.debeersgroup.com.

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