World's Biggest Floating Diamond Processing Vessel Sets Sail

Monday, November 27, 2000
The world's biggest floating diamond processing vessel will set sail for the first time within three weeks and should be in position off Namibia before Christmas, the Namibian Minerals Corporation (NAMCO) said. "This is the biggest offshore diamond processing plant in the world," NAMCO chairman Alastair Holberton told reporters on a tour of the ship in Cape Town harbor. "We expect that in its first work up year in operation it will harvest 200,000 carats of diamonds worth about $30 million," he added. Geologists estimate that up to three billion carats of diamonds lie off the Namibian and South African coasts. NAMCO has four mining vessels, including the new vessel, MV Ya Toivo, to comb the sea bed. Holberton said the latest project had cost NAMCO 200 million rand ($25.71 million). MV Ya Toivo's superstructure is in the final stages of being converted from a British navy nuclear submarine recovery vessel formerly named HMS Challenger. State of the art computers, global positioning satellite systems and high maneuverability allow the ship to be positioned over Namibia's extensive sub-sea diamond beds. A 185-ton underwater caterpillar-tracked vacuum will then be lowered to the seabed where it will begin to suck up the diamonds in clearly defined gravel beds. "It is the largest tracked submersible in the world," Holberton said. - (Reuters)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

DP World's H1 Volumes Rise

Ports operator DP World reported on Tuesday first-half 2016 gross container volumes up 1.2 percent on a like-for-like basis and up 2.5 percent on a reported basis.

Samil PwC Okays Hyundai's Management Improvement Plan

Hyundai Heavy Industries (HHI) is notified by Samil PwC, a local member of the global accounting firm PwC, that its 3.5 trillion won worth management improvement

Volvo Penta Names Brown Commercial Marine Sales Director

Dave Brown has joined Volvo Penta of the Americas as director of commercial marine sales.   In this new position, Brown will provide strategic and administrative

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0802 sec (12 req/sec)