TanzaniteOne working on economic model for potential tsavorite mine

Aim-listed coloured gemstone producer Tanzanite One on Monday announced a maiden Joint Ore Reserves Committee (Jorc) compliant inferred resource of between 18,2-million tons and 24,9-million tons for its tsavorite project, in Tanzania. An...

Gemstone tussle intensifies as Tanzanite One rejects new Gemfields offer

The coloured-gemstone tussle took a new turn on Tuesday when Gemfields made a fresh cash-only bid for Tanzanite One, whose board again “strongly” recommended that shareholders reject it. Tanzanite One board objected to the “unsolicited...

TanzaniteOne becoming coloured gemstone play, resisting Gemfields offer

AIM-listed TanzaniteOne was diversifying into coloured gemstones with plans to develop tsavorite while simultaneously scrutinising a dozen different African project opportunities, the company said on Wednesday. TanzaniteOne company secretary...

Gemfields bids for Tanzanite One

London-listed Gemfields Resources has announced a £33-million offer for Tanzanite One to create the world’s leading miner of coloured gemstones. Gemfields, which owns the rights to the Fabergé luxury goods brand, said on Friday that the...

Green future awaits Tanzanian gem-miner

Following its acquisition of the Lemshuku-Shamberai Tsavorite project, coloured gemstone mining company Tanzanite One has initiated a bulk sampling project on the eluvia component of the resource, and is also considering diamond drilling in terms...

Balance sheet blues . . .

. . . But mechanisation and deeper-level mining promise reprieve for bruised Tanzanite One