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Gemstones News
Kagem signs wage deal with Zambian unions
By: Marleny Arnoldi 26th January 2022 Emerald mining company Kagem Mining has signed a collective agreement with unions, which will result in employees receiving e a 10% increase in basic salary for this year, followed by a further 10% increase for 2023 across the board. The collective agreement follows negotiations between... →
Kagem optimistic about Zambia’s gemstone future
By: Tasneem Bulbulia 11th January 2022 Gemstone miner Kagem Mining has reinforced the Zambian government’s optimistic outlook for the future of Zambia’s gemstone and wider mining sector. Kagem on January 7 hosted Mines and Minerals Development Minister Paul C Kabuswe at its mine site in Lufwanyama as he toured the gemstone-rich... →
Gemfields launches transparency-measuring initiative
By: Donna Slater 10th January 2022 Gemstone miner Gemfields is calling on governance bodies, mining organisations, industry observers and host governments to adopt the G-Factor for Natural Resources – a new measure promoting greater transparency regarding the level of natural resource wealth shared with the governments of host... →
Gemfields simplifies stake in Sedibelo Platinum Mines
By: Donna Slater 7th January 2022 With ongoing plans to dispose of its entire interest in Sedibelo Platinum Mines (SPM), gemstone miner Gemfields confirms that interposed vehicle Pallinghurst Ivy Lane Capital (Ivy Lane), which held an interest of 27.64% interest in SPM, has been unbundled. By November 2020, Gemfields had held its... →
Minerals Council backs State capture commission’s recommendations 
By: Martin Creamer 6th January 2022 Minerals Council South Africa on Thursday endorsed the recommendations of the first report of the Commission of Inquiry into State Capture. The Minerals Council said these recommendations, aimed at preventing endemic and corrosive corruption in organs of the state and within the private sector,... →
Gemfields earns record revenues at latest Montepuez ruby auctions
By: Creamer Media Reporter 10th December 2021 Gemstone miner Gemfields' latest series of mini-auctions for rubies mined at the Montepuez mine, in Mozambique, has generated a record $88.4-million in revenue. Of the 107 lots on offer during the seven mini-auctions, held between November 8 and December 9, 104 were sold. The average price... →
Leading mining companies commit to contract transparency
By: Martin Creamer 9th December 2021 Members of the International Council on Mining and Metals (ICMM) on Thursday announced their commitment to disclose all mineral development contracts from the start of January this year, wherever they operate, marking a significant step by about a third of the global mining and metals industry to... →
Gemfields' latest emerald auctions generate a record $37.9m in revenue
By: Creamer Media Reporter 7th December 2021 A series of five emerald mini-auctions in November and December has generated a record $37.9-million in revenue for gemstone miner Gemfields. All carats on offer were sold and the emeralds were sold for an average of $150.65/ct. →
Exploration debate highlights Nema challenge 
By: Martin Creamer 3rd December 2021 The withdrawal of a portion of the National Environmental Management Act (Nema) has created a major challenge for mineral exploration in South Africa, the Industrial Development Corporation (IDC) co-sponsored exploration webinar heard on Thursday. Taking part in the panel discussion under... →
Use renewables to cut carbon and create hydrogen, use hydrogen to cut diesel – Cutifani 
By: Martin Creamer 2nd December 2021 Use renewables to cut carbon and create hydrogen, and then use the hydrogen that has been created to replace diesel. Anglo American CE Mark Cutifani proposed this climate blueprint while also outlining his London- and Johannesburg-listed mining company’s entry into crop nutrients that can free up... →
Law firm creates outsourced compliance solution for mining industry
By: Martin Creamer 25th November 2021 A specialist mining law firm, which prefers people to paper, has created an outsourced compliance solution for Africa’s mining industry. NSDV will not simply rely on the paper trail when a client calls with an issue, but instead phone, WhatsApp, or drive there and chat to the officials. →
Expect to be unemployed from age 40, Miller warns graduates entering mining
By: Martin Creamer 15th November 2021 Because of the collapse of investment in greenfields exploration in South Africa, any mining graduate entering the profession today can expect to be unemployed from the age of 40, said AmaranthCX director and founder Paul Miller on Monday, when he pointed out that South Africa is now at an... →
Mineral exploration should be incentivised, says IDC’s Thabiso Sekano
By: Martin Creamer 12th November 2021 Mineral exploration should be incentivised so that South Africa’s great mineral endowment can be optimally leveraged to lower unemployment, improve export revenues, and strengthen this country’s gross domestic product (GDP). That is the view of Industrial Development Corporation (IDC) mining,... →
Minerals Council backs Eskom leadership, urges govt to cut procurement red tape
By: Martin Creamer 10th November 2021 Minerals Council South Africa on Wednesday supported the Eskom leadership team in its efforts to stabilise South Africa’s electricity supply and urged government to focus on shortening the bureaucratic processes hindering Eskom’s ability to procure urgently required spares for power stations and... →
Gemfields unearths largest gem to date at Kagem, names it Chipembele
By: Donna Slater 8th November 2021 Gemfields has uncovered a 7 525 ct (1 505 g) gemstone, which it has called Chipembele – meaning “rhino” in Bemba (an indigenous dialect in Zambia), at its Kagem emerald mine in Zambia. The discovery of Chipembele follows the 6 225 ct Insofu – Bemba for “elephant”, which was discovered in 2010;... →
Zambian emeralds to go on auction on Nov 23
By: Marleny Arnoldi 3rd November 2021 International auction house Phillips will, this month, put on sale the largest collection of Zambian emeralds ever to be offered on auction. Part of the proceeds will go to the Gemfields Foundation, which supports community and conservation projects in Africa. →
Policy-not-law charter judgment going long way towards providing certainty – NSDV
By: Martin Creamer 19th October 2021 The court judgement that the mining charter is policy and not law goes a long way towards providing regulatory certainty, says NSDV mining law senior associate Muhammed Khan – but it is not the end of the road, he cautions in a 1 500-word analysis entitled The Great Mining Charter Debate. Khan... →
Incentive needed for smaller end of stock exchange to survive – Miller
By: Martin Creamer 18th October 2021 An incentive is needed for the listing of companies on the smaller end of the stock exchange, which is facing an existential crisis, said AmaranthCX director and owner Paul Miller on Monday. Reacting to the groundswell of headlines about delistings and lack of listings on the Johannesburg Stock... →
Gemfields appoints Sacco to the board
By: Marleny Arnoldi 12th October 2021 Aim- and JSE-listed Gemfields has appointed Patrick Eugenio Sacco non-independent and nonexecutive director, effective immediately. The company says Sacco has experience in the iron-ore, manganese, manganese alloys and chrome ore industries. →
South Africa’s exploration investment lowest since democracy began, Joburg Indaba hears
By: Martin Creamer 7th October 2021 South Africa’s mining industry is at its lowest level of exploration investment since democracy began in 1994, the Joburg Indaba heard on Thursday. “Never have we spent less – and this is a pity because significant promises were made about an exploration plan for the country,” Joburg Indaba... →
South Africa in danger of missing out on commodity boom, Joburg Indaba hears
By: Martin Creamer 6th October 2021 A much more enabling environment is needed to ensure that South Africa does not miss out on yet another commodity boom, the Joburg Indaba heard on Wednesday. “We know that we’ve missed at least one commodity boom,” Foskor chairperson, Industrial Development Corporation director and founding... →
Innovative wireless sensor approach could make exploration cheaper – Prof
By: Martin Creamer 5th October 2021 An innovative wireless sensor method of mapping the subsurface of the earth could make exploration cheaper and mining safer, says Professor Musa Manzi, the award-winning director of the Seismic Research Centre of the School of Geosciences at the University of the Witwatersrand. The method, which... →
Investment in mining crucial to ensure continued contribution to economy – PwC
By: Martin Creamer 5th October 2021 Investment in the mining industry is crucial to ensure its continued contribution to the South African economy, says PwC in its thirteenth edition of SA Mine 2021, a series of publications that highlights trends in the South African mining industry. In a year of doom and gloom on so many fronts,... →
Giant private mining companies getting away with no obligation to report anything publicly
By: Martin Creamer 4th October 2021 A globally significant chrome producer operating six chrome mines and employing 7 000 people inside South Africa – with a social labour plan obligation on every mine, with tax and royalty obligations paid to the State – is permitted to operate in this country with no ongoing public disclosure... →
AHIL increases stake in Gemfields to 26.17%
By: Creamer Media Reporter 30th September 2021 Assore International Holdings Limited (AHIL) has increased its stake in gemstone miner Gemfields to 26.17%. This followed the sale by Dr Christo Wiese and his family and associates of about 154.66-million shares in Gemfields. →
Sibanye-Stillwater moving to radical transparency on public tailings disclosure
By: Martin Creamer 29th September 2021 Gold, platinum and green metals company Sibanye-Stillwater is moving towards the embrace of radical transparency when it comes to public disclosure on matters relating to tailings facilities against the backdrop of 230 significant tailings failures having taken place globally. Sibanye-Stillwater... →
Sibanye-Stillwater CEO Neal Froneman
Assore buys more shares in Gemfields
By: Mariaan Webb 22nd September 2021 Manganese and iron-ore company Assore has increased its shareholding in emerald and ruby miner Gemfields to 12.74%. The privately-held company last week bought an additional 90 533 595 shares of Gemfields, taking its holding to 147 947 454 shares. →
Gemfields records strong six-month performance
By: Tasneem Bulbulia 16th September 2021 JSE-listed Gemfields expects to report a net profit after tax of $23.8-million for the six months to June 30, compared with the $56.7-million net loss after tax reported for the comparative six-month period in 2020. In rand terms, the net profit after tax is expected to be R346-million. →
South Africa’s junior mining dearth result of unintended consequence – AmaranthCX
By: Martin Creamer 14th September 2021 South Africa’s junior mining dearth is a result of savings no longer flowing through to primary capital raising and stock exchange listings, as the Jacobs Committee expected them to do. The unintended consequence is that there are no longer small investors for small companies. This has negatively... →
Assore International Holdings acquires 5% interest in Gemfields
By: Simone Liedtke 9th September 2021 Mining holding company Assore International Holdings has acquired a beneficial interest of 5% in coloured gemstones miner and supplier Gemfields. Conducted as an off-market block trade and online share price services, Assore International Holdings now holds more than 58.4-million Gemfields shares. →
IDC in discussion on the introduction of an exploration fund – Demana
By: Martin Creamer 23rd August 2021 The Industrial Development Corporation (IDC) is in discussion on the introduction of a fund to underpin much-needed exploration in South Africa. This was stated by Reginald Demana, the IDC’s head of mining and metals, infrastructure and energy, in a wide-ranging Zoom interview with Mining Weekly.... →
South Africa on verge of nice breakthroughs in hydrogen, says new SAIMM president
By: Martin Creamer 17th August 2021 South Africa is on verge of nice breakthroughs in hydrogen, says newly elected Southern African Institute of Mining and Metallurgy (SAIMM) president Isabel Geldenhuys. Speaking to Mining Weekly in a Zoom interview, Geldenhuys expressed the view that all the big mines with big moving machinery... →
Gemfields generates highest-ever emerald auction revenue
By: Simone Liedtke 12th August 2021 Gemstone miner Gemfields has generated about $23.1-million in auction revenues – an all-time record for commercial-quality emerald auctions – at its auction held from July 28 to August 11. The emeralds sold at this auction were extracted by Gemfields’ 75%-owned subsidiary Kagem Mining, in Zambia. →
Friendly South African face could quickly attract exploration investment – Bristow
By: Martin Creamer 11th August 2021 South Africa looks a lot like the global gold mining industry in that it has not encouraged reinvestment in its mining industry’s future, says Barrick Gold president and CE Dr Mark Bristow. "In fact, if anything, South Africa has harvested what it received back in 1994," adds Bristow, a hugely... →
Barrick president and CE Dr Mark Bristow.
Gemfields increases production after disruptions of 2020
By: Donna Slater 2nd August 2021 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... →
De Beers bounces back to 2019 levels with outstanding performance
By: Martin Creamer 29th July 2021 Global consumer demand for diamonds continued to recover from the impact of Covid, supported by fiscal stimulus in the US and the roll-out of vaccines, De Beers Group said on Thursday when it was credited with helping Anglo American to achieve an all-time record half-year, a period in which De... →
Exploration trailblazer Orion cracks retail investor code with 14 000-plus SA backers
By: Martin Creamer 21st July 2021 More than 14 000 South Africans now own shares in the discovery and development mining company Orion Minerals, which is reflective of retail investment that can be stimulated in South Africa to support essential local minerals exploration. What is also extremely promising is that the dual listed... →
Mine achieves massive earnings boost after employing four more people
By: Martin Creamer 19th July 2021 Guided by a value driver tree (VDT) study, an opencast mine increased its earnings massively after employing four additional operators at comparatively negligible cost. The operation’s earnings before interest, taxes, depreciation and amortisation (Ebitda) soared hugely from $634.3-million to... →
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