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Namco announces US$9 million insurance payout

MARINE diamond miner Namibian Minerals says it expects to receive a US$9 million business interruption insurance payout within seven days after its insurer approved its claim yesterday.

Greg Tubby

The US$9 million payout will cover operating costs and loss of profits resulting from an accident in January which disabled its NamSSol seabed crawler mining system. An all risks claim accepted in June...

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