{"id":2041,"date":"2026-10-08T14:27:35","date_gmt":"2026-10-08T14:27:35","guid":{"rendered":"https:\/\/www.kenzoll.com\/?p=2041"},"modified":"2026-10-08T14:27:35","modified_gmt":"2026-10-08T14:27:35","slug":"operations-at-namibias-elizabeth-bay-mine-to-restart","status":"publish","type":"post","link":"https:\/\/www.kenzoll.com\/?p=2041","title":{"rendered":"Operations at Namibia\u2019s Elizabeth Bay Mine to Restart"},"content":{"rendered":"\n<figure class=\"wp-block-image is-resized\"><img decoding=\"async\" src=\"https:\/\/rapaport.com\/wp-content\/uploads\/2026\/10\/1280x720-Elizabeth-Bay-mine-in-Namibia-credit-De-Beers.jpg\" alt=\"Elizabeth Bay mine image\" class=\"wp-image-63342\" style=\"aspect-ratio:1.7777777777777777;width:1280px;height:auto\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The Bottom Line<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Kenzoll Capital partners with MSF Commercials to revive the Elizabeth Bay mine, which holds 10.5 million carats of diamond resources.<\/li>\n\n\n\n<li>The project includes a $50 million investment aimed at restarting production and exploring other minerals.<\/li>\n\n\n\n<li>Namibia\u2019s diamond exports have fallen sharply, with the industry\u2019s decline threatening national economic growth.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dutch private equity investor Kenzoll Capital is partnering with the Namibian-registered MSF Commercials to restart operations at Elizabeth Bay diamond mine.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Namibian deposit holds 10.5 million carats of onshore and offshore diamond resources, Kenzoll Capital said Wednesday. The Sperrgebiet Diamond Mine, formerly known as Elizabeth Bay, is expected to receive $50 million in investment, some of which will go toward exploration for other minerals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe\u2019re committed to getting the mine producing again, providing jobs and economic value to an area that has relied heavily on diamonds for over a century,\u201d said Kenzoll Capital CEO Corn\u00e9 Melissen. \u201cThis partnership is part of our long-term commitment and investment in Namibia, with diamonds as the starting point and critical minerals to follow.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kenzoll Capital has already invested more than $10 million in Namibia, with the aim of supporting local employment and the wider economy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The country\u2019s diamond exports declined 67% from a peak of NAD 5.1 billion ($306.9 million) in 2022 to NAD 1.7 billion ($102.3 million) in 2025, with the Bank of Namibia calling the industry slump a major threat to growth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">De Beers initiated the&nbsp;<a href=\"https:\/\/rapaport.com\/news\/de-beers-finds-buyer-for-namibia-mine\/\" target=\"_blank\" rel=\"noopener\">sale<\/a>&nbsp;of the Elizabeth Bay mine in 2019, as it could no longer run the deposit economically. The final sale took place the following year. The consortium that purchased the facility included Lewcor Group as majority owner and MSF Commercials as a minority shareholder.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Image: Elizabeth Bay mine. (De Beers)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bottom Line Dutch private equity investor Kenzoll Capital is partnering with the Namibian-registered MSF Commercials to restart operations at Elizabeth Bay diamond mine. The Namibian deposit holds 10.5 million carats of onshore and offshore diamond resources, Kenzoll Capital said Wednesday. The Sperrgebiet Diamond Mine, formerly known as Elizabeth Bay, is expected to receive $50 &hellip; <a href=\"https:\/\/www.kenzoll.com\/?p=2041\" title=\"Operations at Namibia\u2019s Elizabeth Bay Mine to Restart\" class=\"read-more\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[],"class_list":["post-2041","post","type-post","status-publish","format-standard","hentry","category-energy-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kenzoll.com\/index.php?rest_route=\/wp\/v2\/posts\/2041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kenzoll.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kenzoll.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kenzoll.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kenzoll.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2041"}],"version-history":[{"count":1,"href":"https:\/\/www.kenzoll.com\/index.php?rest_route=\/wp\/v2\/posts\/2041\/revisions"}],"predecessor-version":[{"id":2042,"href":"https:\/\/www.kenzoll.com\/index.php?rest_route=\/wp\/v2\/posts\/2041\/revisions\/2042"}],"wp:attachment":[{"href":"https:\/\/www.kenzoll.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kenzoll.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kenzoll.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}