GOLD 1286.74 $/ozChange: -8.83
PLATINUM 1402.00 $/ozChange: -26.50
R/$ exchange 10.49Change: 0.06
R/€ exchange 14.48Change: 0.11
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Gemfields secures $15m unsecured loan from key shareholder

Aim-listed Gemfields has inked a $15-million unsecured, 12-month working capital facility with specialist natural resources investment company and key shareholder Pallinghurst Resources, the funds of which will be used to “smooth" the company's...
17th April 2014

Resources Watch Video Available

This week: Pallinghurst brings in new technology to boost its platinum business. And, Gemfields is doing the ‘De Beers-equivalent’ in emeralds.
17th April 2014

Gemfields rolls out ‘the art of colour’ Video Available

Creamer Media's Shannon de Ryhove speaks to Mining Weekly editor Martin Creamer about gemstones miner Gemfields' 'art of colour' strategy.
16th April 2014

Gemfields doing ‘De Beers-equivalent’ in emeralds Video Available

Pallinghurst chairperson Brian Gilbertson London-listed coloured-gemstones mining and marketing company Gemfields, which Pallinghurst chairperson Brian Gilbertson says is doing for emeralds what De Beers did for diamonds, is now aspiring to repeat the performance in rubies. Gemfields, in...
11th April 2014

Gemfields achieves record revenue at gem auction

Kagem emerald mine in Zambia London-listed Gemfields marked a “record revenue” year after its third auction of the year achieved revenue of $36.5-million after selling 15 of the 17 lots of gemstones on offer. The company reported in a statement on Wednesday that...
26th February 2014

Gemfields achieves record revenue of $16.4m at low-grade gem auction

Gemfields has sold 5.6-million carats of low-grade emerald and beryl for a record $16.4-million at its most recent auction in Lusaka, Zambia. The auction, which was the second offering of gems mined by the company at its Kagem emerald mine, in...
18th November 2013

Gemfields revenue drops 42%, operations performing well

Aim-listed coloured gemstone miner Gemfields on Thursday reported a 42% drop in revenue to $48.4-million and a net loss of $22.8-million for the year ended June 30, mostly owing to disruptions in the company’s emerald auction schedule. This was...
3rd October 2013
Legislative Environment

Zambia’s economy set to grow by 8.1% in the next few years

The completion of major copper mining projects in Zambia next year is expected to contribute to economic growth of 8.1% from 2014 to 2016, advisory firm KPMG states.
13th September 2013

Gemfields nets $31.5m in Lusaka auction

The 583 448 ct of rough emerald and beryl that Gemfields put on auction in Lusaka last week have earned the Aim-listed junior $31.5-million in revenue. The company reported on Monday that 37 companies had attended the auction, which was moved to...
22nd July 2013

Gemfields shifts emerald auction to Lusaka

Aim-listed Gemfields, which earlier this month had to postpone its Singapore auction, said on Monday it would now sell its higher-grade rough emeralds in Lusaka, Zambia, at a July 15 to 19 auction. The firm would auction rough emeralds mined by...
1st July 2013

Gemfields in talks with Zambia over Singapore gem sale

Aim-listed Gemfields said on Monday that it was in discussions with the Zambian Mines Ministry over the auctioning of emeralds outside the country. The company had to postpone its June 10 to 14 emerald auction in Singapore, pending clarification...
10th June 2013

Gemfields warns of possible Zambia ban on overseas gemstone auctions

Aim-listed gemstone miner Gemfields has warned shareholders of a possible ban by the Zambian government on the sale of domestically mined gemstones outside of the country, which would severely impact on the company’s revenue. If instituted, the...
8th April 2013
Topic Multimedia
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Resources Watch Video
Gemfields rolls out ‘the art of colour’ Video
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