Pallinghurst looking at new opportunities as portfolio matures

JSE-listed Pallinghurst Resources CE Arne Frandsen on Friday said the company intended to pursue a number of new investment opportunities, both within its current portfolio and in developing investment platforms, as its original portfolio...

Company Announcement: Views from the Trading Floor

Oil & Gas Tower Resources (LON:TRP) slipped 10% to 3.55p after the company announced has raised GBP5.41 million before expenses through a conditional placing of 180.33 million new ordinary shares at 3 pence per share. As previously announced, the...

Ian Harebottle

Position: CEO Gemfields Main Activity of the Company: Coloured gemstone mining and promotion

Gemstone producer’s Zambian assets improve outputs

Africa-focused coloured gemstones producer Gemfields’ October investor update reports that despite a potential global economic downturn the company’s increase in sales are sound evidence of the continuing demand for its products across all...

Coloured gemstone miners pursuing successful diamond model

Zambia’s coloured gemstones have returned to world markets in a blaze of lucrative African colour. Providing the new marketing thrust and also mining the coloured gemstones are South Africans, who are using the diamond industry as a model to...

Coloured gemstone miners pursuing successful diamond model

Zambia’s coloured gemstones have returned to world markets in a blaze of lucrative African colour. Providing the new marketing thrust and also mining the coloured gemstones are South Africans, who are using the diamond industry as a model to...

Resources Watch

This week: Coloured gemstones are frequently worth more than the finest diamonds, says Brian Gilbertson. Alexkor to restructure, and eyes new ventures in Southern Africa. And, a former banker says BEE is like a casino.

21/10/2011 (On-The-Air)

Zambia's coloured gemstones have returned to world markets in a blaze of lucrative African glory; Tin is a new money-spinner in Rwanda, and a South African is leading Rwanda’s latest tin-mining boom; and South Africa has run into yet another...

Coloured gemstones frequently worth more than finest diamonds – Gilbertson

Carat-for-carat, coloured gemstones frequently outvalue the finest diamonds. But despite that, little was done to realise greater value for coloured gemstones until the London Aim-listed Gemfields came on to the scene. Now the new order being...

Gemfields profit soars as emerald, beryl sales double

Aim-listed gemstone producer Gemfields on Monday reported a 729% increase in its full-year profit to $21.45-million, on the back of emerald and beryl sales doubling. Sales rose from just under $20-million in 2010, to $40.16-million in the...

Gemfields swings to profit as emerald sales pick up

Aim-listed Gemfields on Wednesday reported a maiden profit of $2,58-million for the 2010 financial year, compared with a loss of about $202-million in 2009, on the back of a recently completed strategic business review and an improved operating...

Gemfields’ third-quarter production falls 29%

Aim-listed Gemfields CEO Ian Harebottle believed that the company was making “tangible progress” in delivering on its goal of bringing a regular and reliable supply of emeralds and beryl to market, despite its third-quarter production having...