Elizabeth Bay is a mining town on the southern coast of Namibia, 25 km south of Lüderitz. It was formerly considered a ghost town. Diamonds were first discovered in the region around 1908. However, it wasn't until 1989 that the government of Namibia spent $53 million on the exploration and creation of a new diamond mine on the site. The mine had a projected life-span of ten years and was expected to produce 2.5 million carats of diamonds. The mine was officially opened by Sam Nujoma on 2 August 1991 and stopped being operational around 1998. By 2000, the town was considered a ghost town. Because of being located in a restricted area, a permit is required for a visit. In 2005 it was announced that the mine would be expanded, thus furthering its lifespan by eight years. The mine is currently operated by Namdeb. It is owned jointly by De Beers and the Namibia Government. As of 2009 the Elizabeth Bay mine was operating at a $76 million loss. Elizabeth Bay is home to forty percent of the world's Cape fur seals.

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