https://www.miningweekly.com
Gemfields|Gemstones
Gemfields|Gemstones
gemfields|gemstones

Gemfields increases production after disruptions of 2020

2nd August 2021

By: Donna Slater

Features Deputy Editor and Chief Photographer

     

Font size: - +

Gemstone miner Gemfields’ 75%-owned Kagem emerald mine, in Zambia, produced 10.34-million carats of gemstones, including emeralds and beryls during the first half of the year, while its Mozambique-based Montepuez ruby mine, in Mozambique, produced 2.05-million carats.

This is despite the Kagem mine not having produced in January and February, while production at its Montepuez mine was suspended in January.

Kagem’s production was up from the 9.38-million carats produced in the first half of 2020, but significantly down from the 42.48-million carats produced in the first half of 2019.

The mines’ total cash cost operating costs for the first six months were $11.83-million, down from $21.32-million for the full year of 2020.

In terms of gemstone sales, 270 000 ct of stones from the Kagem mine were offered for auction during March, all of which were sold for $31.4-million.

Montepuez’s first-half production of 260 000 ct was down from the 1.25-million carats produced during the corresponding period of 2020 and the 2.23-million carats produced in the whole of 2019.

The mine’s first-half total cash cost operating costs were $12.84-million, down from the $20.77-million of 2020 and $32.75-million of 2019.

As for gemstone sales, Gemfields offered 73 000 ct of stones in a March auction, of which 34 000 ct were sold for a combined value of $58.9-million.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.103 0.136s - 90pq - 2rq
Subscribe Now