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Gemstones News
Gemfields achieves record yearly revenue from ruby, emerald auctions
By: Marleny Arnoldi 9th December 2022 UK-headquartered Gemfields has generated $66.8-million of revenue from 98 lots of rough rubies sold on auction between November 21 and December 8. The auction lots were made available for in-person and private viewings by customers in Bangkok, following which the auction took place through an... →
Anglo invests $200m to accelerate zero emissions haulage solution 
By: Martin Creamer 7th December 2022 Diversified mining company Anglo American has signed a binding agreement with First Mode, the specialist engineering technology company it partnered to develop the nuGenTM technology. The agreement is intended to accelerate the commercialisation of the climate-friendly truck and includes Anglo... →
Strong call for rapid green hydrogen investment by ramp-up backer
By: Martin Creamer 30th November 2022 A strong call for final investment decisions (FIDs) on a multiplicity of green hydrogen projects was made at the South Africa Green Hydrogen Summit in Cape Town yesterday by H2Global, a market ramp-up instrument that serves as an innovative form of subsidy scheme to smooth out bumps along green... →
Taking part in the South Africa Green Hydrogen Summit panel discussion are (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, and Tobias Bischof-Niemz.
South Africa’s mining market is dynamic and fast-moving, Siemens Large Drives finds 
By: Martin Creamer 25th November 2022 South Africa is a super dynamic and super fast-moving market, says Siemens Large Drives global solutions head Oliver Beck, who has just completed a week of discussions with customers to highlight sustainability solutions for mining. From his perspective, South African mining economy is at the... →
South Africa’s crime crisis ruling out economic growth, sustainability discussion hears
By: Martin Creamer 23rd November 2022 South Africa’s economic paradox is that it cannot grow economically if it has a burgeoning crime crisis but it is unable to solve the burgeoning crime crisis if it is not growing. That was the opening comment of outgoing Mineral Council South Africa CEO Roger Baxter, who anchored the second of... →
Platinum moving into meaningful deficit amid emergent source of new end-demand
By: Martin Creamer 22nd November 2022 Platinum is moving into meaningful deficit amid an emergent source of new end-demand in the form of green hydrogen. The 2022 surplus of 804 000 oz is projected to move into a deficit of 303 000 oz in 2023, according to the Platinum Quarterly of the World Platinum Investment Council (WPIC) for the... →
URA announces 29Mct emerald mineral resource estimate at Gravelotte
By: Darren Parker 21st November 2022 Exploration company URA Holdings, which has assets in South Africa and Zambia, has announced an independent maiden Joint Ore Reserves Committee (Jorc) 2012 mineral resource estimate of 29-million carats of contained emerald at its 74%-owned Gravelotte emerald mine, in Limpopo. The maiden Jorc... →
Gemfields' latest emerald auction generates nearly $31m in revenue
By: Marleny Arnoldi 18th November 2022 JSE- and Aim-listed Gemfields has generated $30.8-million in revenue from the sale of rough emeralds during an auction, comprising five sequential mini-auctions, held from October 30 to November 17. The company offered 37 lots for sale, of which 34 were sold, at an average price of $76.78/ct. →
Top green hydrogen/fuel cell collaboration boost for platinum-group metals
By: Martin Creamer 16th November 2022 A joint development agreement struck between global majors Nel Hydrogen US and General Motors is expected to speed up the development of green hydrogen technology that is competitive with fossil fuels. The aim of agreement is to help accelerate the industrialisation of Nel’s proton exchange... →
Qld makes plans to back small-scale miners
By: Esmarie Iannucci 10th November 2022 The Queensland government will introduce a suite of possible changes to support the continued operation of small-scale miners in the state, with a moratorium on new claims to end as scheduled on November 24. “The 12-month moratorium has served its purpose and allowed government to talk to... →
Investment needed for outgoing coal, incoming renewables, impacted communities, Mapungubwe highlights
By: Martin Creamer 8th November 2022 With South Africa having committed to transition away from coal, investments will not only be required for the retiring of coal plants and the ramping up of renewable energy, but also for coal communities, who will require alternative economic development plans to sustain the livelihoods of all... →
Gemfields to auction 187 775 ct Kafubu emerald cluster
By: Donna Slater 3rd November 2022 Gemstone miner Gemfields is set to put on auction the 187 775 ct (37 555 g) cluster of emeralds that was unearthed in the Chama pit of the miner’s 75%-owned Kagem emerald mine, in Zambia, in March 2020. Viewings of the cluster opened on October 31, with bidding to close on November 17. →
Green hydrogen truck trials going well – Anglo
By: Martin Creamer 1st November 2022 The 500 t world-first haulage truck powered by green hydrogen last week underwent fully loaded trialling that included tipping into the crusher at Anglo American Platinum's Mogalakwena platinum group metals mine in Limpopo. “The trials all went well,” Anglo American group technical director Tony... →
Clockwise from top left are Duncan Wanblad, Tony O’Neill, Stephen Pearce and Hilton Ingram.
Make green hydrogen part of official economic recovery plan, Dept of Science and Innovation urges
By: Martin Creamer 26th October 2022 South Africa should leverage the hydrogen opportunity as part of its official economic reconstruction and economic recovery plan. Dr Cosmas Chiteme, the director of hydrogen and energy at Department of Science and Innovation, highlighted this as the top key message on the way forward at the... →
Key Montepuez personnel return to site, operations resume
By: Donna Slater 24th October 2022 Key operational personnel have returned to Gemfields’ majority-owned Montepuez Ruby Mining (MRM) operation in Cabo Delgado, Mozambique, and basic operations have resumed. Operational employees and contractors were ordered out of the 75%-owned MRM operation on October 20 following an insurgent... →
Gemfields halts Mozambique operations after attack at nearby ruby mine
By: Reuters 20th October 2022 Precious gem miner Gemfields Group has stopped operations at its Montepuez ruby mine in Mozambique's Cabo Delgado province after an attack was reported at a nearby facility, it said on Thursday. "This morning, an attack attributed to insurgent activity has been reported at the neighbouring ruby... →
Sasol/Saldanha sign MoU for green hydrogen hub in Western Cape
By: Martin Creamer 18th October 2022 Integrated energy and chemicals company Sasol, already a seasoned grey hydrogen producer, and Freeport Saldanha Industrial Development Zone on Tuesday announced the signing of a memorandum of understanding (MOU) to facilitate a green hydrogen hub in the Western Cape. In terms of the MOU, the... →
Enabling exploration is urgently needed to put South African mining back in ‘sunrise’ mode
By: Martin Creamer 17th October 2022 High on the list of the steps that must be taken to stop South African mining from fading further into sunset mode is free access to geological information from State institutions such as the Council for Geoscience. Next is the provision of a modern, functional, and transparent mineral cadastre... →
Shell consortium accelerating electrification of mine haul trucks
By: Martin Creamer 12th October 2022 Transitioning oil, gas, fuels and lubricants company Shell has established a nine-member consortium to create electrification solutions for mining sites. The electrification offers a shift away from reliance on diesel. (Also watch attached Creamer Media video.) →
Development is only conversation South Africa should be having, Cutifani tells Joburg Indaba
By: Martin Creamer 6th October 2022 Development is the only conversation that South Africa should be having, former Anglo American CEO, director and consulting business executive Mark Cutifani said amid strong applause at the Joburg Indaba on Thursday – and mining should be recognised as an industry that can serve as a very... →
South Africa’s geological prospectivity fantastic, says Minerals Council CEO
By: Martin Creamer 5th October 2022 South Africa’s geological prospectivity is fantastic, Minerals Council South Africa CEO Roger Baxter told the Joburg Indaba on Wednesday. This is so even though only 15% of South Africa's surface area has been mapped at a high-resolution 50 000-to-1 geophysical level, and even though this... →
Helping world transition to net-zero carbon is mining's biggest opportunity, says Minerals Council president
By: Martin Creamer 5th October 2022 The biggest opportunity mining has as an industry is to help the world to transition to a net-zero carbon world, Minerals Council South Africa president Nolitha Fakude said on Wednesday. Fakude, who is also chairperson of Anglo American's management board in South Africa, highlighted this during... →
Investment required to meet mining’s decarbonisation, power challenges – PwC
By: Martin Creamer 4th October 2022 South Africa’s mining sector will be required to make major investments into alternative and renewable energy sources and energy planning to address the dual challenges of decarbonisation and reliable power supply, PwC said on Tuesday when it launched its SA Mine report, which highlights mining’s... →
Zimbabwe wants half of royalties paid in gems, precious metals
By: Bloomberg 30th September 2022 Zimbabwe wants gold, diamond and platinum miners to pay half of their royalties to the government in the commodities themselves and the rest in cash, as the southern African country seeks to build its mineral reserves. The Treasury was concerned that the country does not have reserves of the... →
Gemfields reports record interim auction revenues
By: Darren Parker 29th September 2022 Gemstones supplier Gemfields has reported “record-breaking” auction revenues and an “all-time high” cash position for the six months ended June 30, resulting in the company declaring an interim dividend of $15-million. Gemfields reported revenues of $193.2-million for the interim period, up from... →
Minerals Council ‘absolutely adamant’ about need for commercially available cadastre
By: Martin Creamer 29th September 2022 The key objective of transparency in applying for prospecting rights and mining rights – and openly managing them – can be enabled by a commercially available cadastre system. While South Africa does not have such a cadastre, fellow African countries that are already thriving on it include... →
Gemfields records revenues of $4.2m from ruby auction
By: Tasneem Bulbulia 27th September 2022 Aim-listed Gemfields generated revenues of $4.2-million from an auction of predominantly commercial-quality sapphire, corundum and low-quality ruby held from September 19 to 23. The gemstones were extracted by Montepuez Ruby Mining (MRM), which is 75%-owned by Gemfields and 25% by Mwiriti Limitada. →
Green hydrogen, fuel cells important part of any future energy system, says global strategist
By: Martin Creamer 27th September 2022 Green hydrogen and fuel cells will be a very important part of any future energy system, says Switzerland-based energy and sustainability consultancy strategist Dr David Hart. Among the electrolysers that convert renewable electricity into green hydrogen are proton exchange membrane (PEM)... →
South Africans urged to turn exploration into Big Hairy Audacious Goal 
By: Martin Creamer 24th September 2022 South Africans have been urged to rally around exploration as this country's Big Hairy Audacious Goal – a BHAG – so that what is described as "our lowest hanging economic fruit" can be turned to positive account. Council for Geoscience CEO Mosa Mabuza, who was speaking in support of the junior... →
New fund-raising product appropriate for junior miners, says JSE
By: Martin Creamer 23rd September 2022 The JSE has a new product that is appropriate for fund-raising by junior mining companies, JSE origination and deals head Sam Mokorosi said on Friday. Mokorosi, who was speaking at Minerals Council South Africa’s Junior and Emerging Miners Desk webinar, highlighted the new product against the... →
World’s largest battery-electric mine truck heading for commercial availability in 2024
By: Martin Creamer 21st September 2022 The world’s largest battery-electric truck for underground mining is on its way to becoming commercially available in 2024. Sandvik’s 65 t TH665B machine removes between 1 t and 2 t of carbon dioxide (CO2) a day, along with heat and noise. →
Kagem emerald sales remain strong as latest auction generates $32.9m
By: Creamer Media Reporter 20th September 2022 Gemstone miner Gemfields' latest auction of commercial-quality emeralds recovered from the Kagem mine, in Zambia, generated revenue of $32.9-million – the second-highest figure ever at a Kagem commercial quality auction. “The results announced today confirm once again that 2022 is the strongest... →
Minerals Council urges faster inclusion of private electricity suppliers
By: Martin Creamer 19th September 2022 The Minerals Council South Africa supports President Cyril Ramaphosa’s electricity recovery plan and urges more rapid private sector participation in resolving the country’s deepening electricity crisis. Minerals Council members have 6 500 MW of embedded energy projects in the pipeline which will... →
Ministers follow President in visiting Jagersfontein diamond disaster area
By: Martin Creamer 12th September 2022 Following the visit of President Cyril Ramaphosa to the Jagersfontein-Charlesville area in the Free State, Minerals Resources and Energy Minister Gwede Mantsashe will today visit the diamond tailings deposition dam that burst its banks, killing at least one person and destroying homes. Mineral... →
Google map of the Jagersgontein tailings dam, which has burst its banks.
South Africans called on to apply for funding to build South Africa’s hydrogen economy
By: Martin Creamer 19th August 2022 A call for funding applications to be submitted for the development of the hydrogen economy is made in an advertisement placed today by South Africa’s Technology Innovation Agency (TIA), an entity of the Department of Science and Innovation (DSI). The call is for funding applications to be... →
Environmental, social and governance elevating to safety-equalling status, mining webinar hears
By: Martin Creamer 11th August 2022 The shift from linear to circular value chains has the potential to impact all aspects of mining and requires a rethink, Anglo American Platinum sustainable impact head Stephen Bullock has told a Southern African Institute of Mining and Metallurgy (SAIMM) webinar. In a presentation on the... →
President Ramaphosa’s got it right, says ex-Eskom CEO on new energy plan
By: Martin Creamer 1st August 2022 African Rainbow Energy and Power CEO and former Eskom CEO Brian Dames concurs fully with the energy plan unveiled by President Cyril Ramaphosa. “I think he’s got it right,” was Dames's summing up of the President's energy initiative during a discussion at the Coal & Energy Transition Day, covered... →
De Beers pleased with strong set of first-half results
By: Martin Creamer 28th July 2022 In the six months to June 30, rough diamond production of the De Beers Group increased by 10% to 16.9-million carats, reflecting a strong operational performance and higher planned levels of production to meet continued strong demand for rough diamonds. Underlying earnings before interest tax... →
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