Alpha Petroleum, a Nigeria-based company, has secured a milestone $200 million contract for diamond mining in Namibia.
The contract, awarded by NAMDEB—a joint venture between the Namibian government and De Beers Group—marks Alpha Petroleum’s first significant entry into the Namibian market. Operations are slated to begin on October 1, 2024, targeting offshore diamond-rich gravels in Namibia.
Scope of Work
The project will deploy a cutting-edge shallow water mining vessel to extract, process, and recover diamonds from designated sections of NAMDEB’s sea mining license. Alpha Petroleum aims to produce between 30,000 and 60,000 carats of diamonds annually, strengthening Namibia’s role in the global diamond market. The extracted diamonds will be processed at the Contractors Treatment Facility in Luderitz, Namibia.
This initiative is expected to generate significant economic benefits, particularly in the Halifax Island and Kerbehuk mining zones. Dr. Babajide Agunbiade, Founder and CEO of Alpha Energy Resources, expressed pride in winning the competitive bid, emphasising the project’s importance to the company and Namibia. The contract further solidifies Alpha Petroleum’s standing in marine mining and highlights Nigeria’s expanding influence in the global mining industry.
