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Gemstones News
Gemfields seeking alternatives to auctions
By: Simone Liedtke 18th September 2020 Gemstone miner Gemfields says it is unable to provide guidance as to when it might be able to host its next auction, or generate meaningful revenue from sales, with its financial results for the first half of this year, ended June 30, reflecting the "immense impact” of the Covid-19 pandemic and... →
Gemfields expects to swing to interim loss
By: Marleny Arnoldi 14th September 2020 JSE- and Aim-listed Gemfields has advised that its net loss after tax will likely be $56.7-million, or R959-million, for the six months ended June 30. This compares with a profit after tax of $12.4-million, or R177-million, posted in the six months ended June 30, 2019. →
Pandemic puts strain on Zambian mining sector
By: Mc'Kyla Nortje 11th September 2020 Amid the challenges facing the Zambian mining industry, partially because of Covid-19, government has committed to waiving penalties and interest on the late payment of taxes, explains advisory firm KPMG Zambia tax partner Michael Phiri. The Central Bank has also set aside about R9-million, which... →
China possesses huge gemstone potential – Gemfields
By: Donna Slater 9th September 2020 Gemstone miner Gemfields, which operates the Kagem mine, in Zambia, and the Montepuez ruby mine, in Mozambique, has identified “huge potential” to market Zambia’s responsibly-sourced emeralds to consumers in China, the miner reveals in its first report on coloured gemstones in China. The report,... →
South Africa’s green revolution gathering momentum 
2nd September 2020 The Covid-19 pandemic has presented countries around the world with immense challenges, as the impact of the virus has affected every aspect of everyday life as we know it, write Dr Cosmas Chiteme, Dr Rebecca Maserumule and Prof Dmitri Bessarabov. (Chiteme and Maserumule are senior managers at... →
Master Drilling aligning with opencast mines going underground in changing world 
By: Martin Creamer 26th August 2020 South Africa-based drilling company Master Drilling, which is active in 23 countries, is aligning itself with the transitioning global requirement of opencast mines going underground. “As the world is changing, so are the mines,” said Master Drilling technology director Koos Jordaan at the... →
Electra Mining Africa 2020 going digital with Connect – and it’s free of charge
By: Martin Creamer 20th August 2020 The Electra Mining Africa Connect week will enable exhibitors to promote their products and services free of charge alongside industry-related informative webinars, media activations and product showcase opportunities from September 7 to 11. For the first time in 48 years, Electra Mining Africa... →
Awesome new proudly South African face mask kindling international interest 
By: Martin Creamer 13th August 2020 An awesome new proudly South African face mask, with a replaceable filtration system at its heart, is attracting international interest. The innovative and timely Hudaco Air Mask is a lockdown-period product of the Johannesburg Stock Exchange-listed Hudaco Industries group. (Also watch attached... →
Mine export values back but volumes need boosting – Minerals Council
By: Martin Creamer 10th August 2020 South Africa’s mine export values have bounced back encouragingly but volumes still need boosting. June’s export value was 13% up on May. →
‘Historic dumps’ do not appear to be MPRDA regulated – law firm
By: Martin Creamer 20th July 2020 South Africa’s ‘historic dumps’ – mine dumps created prior to the promulgation of the Minerals and Petroleum Resources Development Act (MPRDA) which took effect in 2004 – do not appear to be regulated under the MPRDA, and the common law owners of such dumps do not require a right under the MPRDA... →
Global mining sharing knowledge in response to Covid-19
By: Martin Creamer 14th July 2020 The International Council on Mining & Metals (ICMM) has been convening many knowledge-sharing sessions in response to the coronavirus. Among ICMM’s 27 mining and metals company members and 36 association members are South Africa’s African Rainbow Minerals, Anglo American, AngloGold Ashanti,... →
World’s biggest ruby mine reports coronavirus outbreak
By: Bloomberg 14th July 2020 The world’s biggest ruby mine, Gemfields’ Montepuez operation in northern Mozambique, has reported an outbreak of coronavirus. The company had already placed the operation under care and maintenance in April due to the pandemic, and on July 12 “a few” employees carrying out critical work tested... →
Positive reaction to ANC document’s encouragement of exploration
By: Martin Creamer 14th July 2020 Reaction has been positive to the discussion document of economic transformation committee (ETC) of the African National Congress (ANC), which states that the listing of mining companies on the Johannesburg Stock Exchange (JSE) should be encouraged and mining exploration incentivised, as is the... →
Paul Miller...flashback to his period in coal exploration and development.
Covid opens up opportunity for more constructive, purposeful dialogue – Minsur
By: Martin Creamer 13th July 2020 The Covid-19 pandemic has allowed the mining industry to highlight and strengthen its role as a catalyst of social development in the areas in which it operates, Minsur CEO Juan Luis Krueger said on Monday. Krueger was speaking during an International Council on Mining and Metals (ICMM) online... →
Investors in mining exploration should be incentivised – ANC’s ETC
By: Martin Creamer 13th July 2020 Listings of mining companies on the Johannesburg Stock Exchange should be encouraged and South African retail investors willing to invest in mining exploration should be incentivised as is the case in other mining jurisdictions, the economic transformation committee (ETC) of the African National... →
ANC document says mining exploration should be incentivised.
Return of foreign mineworkers taking double planned time
By: Martin Creamer 13th July 2020 The return of the 12 500 foreign mineworkers to South Africa’s mines is taking double the time planned. The initial ten-day plan of Minerals Council South Africa has become a 20-day plan because of the need to overcome bottlenecks. →
Minerals Council regrets delay of 2018 Mining Charter review
By: Martin Creamer 6th July 2020 Minerals Council South Africa on Monday expressed regret that the finalisation of the review of the contested elements of the 2018 Mining Charter had been delayed following a judgement of the full bench of the High Court in Pretoria ordering that a number of other parties be joined to the action.... →
Minerals Council South Africa.
Covid kills 13 mineworkers, no foreigners back at work
By: Martin Creamer 2nd July 2020 Thirteen mineworkers have now succumbed to the coronavirus, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Of the 13 who have died, seven were employed in platinum mining in North West province, which has the most cases at 1 413... →
Gemfields completes delisting from Bermuda Stock Exchange
By: Donna Slater 1st July 2020 Gemstone miner Gemfields has completed its delisting from the Bermuda Stock Exchange (BSX). It announced the delisting in April, stating that none of the company’s issued shares have traded on the BSX and that the BSX listing was no longer required now that Gemfields' shares were admitted to... →
Tanzanian hand-miner becomes millionaire with tanzanite find
By: Bloomberg 25th June 2020 A Tanzanian hand-miner became an instant millionaire after selling the two of the largest tanzanite gems ever discovered to the government. The East African nation’s central bank paid Saniniu Laizer 7.7-billion shillings ($3.3-million) for the stones, which weighed 9.2 kg and 5.8 kg. Laizer,... →
Ethiopia looking to bolster investment in resources, mining
By: Simone Liedtke 17th June 2020 With an abundance of natural resources that have not been significantly exploited, Ethiopia has “enormous potential” for the export of these resources and at a relatively low production cost, Ethiopia Ministry of Mines, Petroleum and Natural Gas planning, monitoring and evaluation director... →
Gemfields to host virtual AGM
By: Marleny Arnoldi 15th June 2020 JSE-, Aim- and Bermuda Stock Exchange-listed Gemfields will host its annual general meeting (AGM) virtually through a live interactive webcast on June 24. The company has urged shareholders to submit their votes by proxy – in the way they normally would – prior to the meeting, while an online... →
Platinum retailers working towards recovery amid Covid-19
By: Simone Liedtke 12th June 2020 Manufacturers and retailers of platinum jewellery have begun working towards ensuring the recovery of the sector, as Covid-19 continues to heavily impact on the global economy, the Platinum Guild International’s (PGI’s) latest 'Platinum Jewellery Business Review (PJBR)' states. Published on June... →
240 000 miners back at work – Minerals Council South Africa
By: Martin Creamer 11th June 2020 An estimated 240 000 miners are back at work on 385 large and small mines across South Africa, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Each and every one of these miners was screened on their return to work after lockdown... →
ICMM members record 287 fatalities in 2019
By: Martin Creamer 11th June 2020 The International Council on Mining and Metals (ICMM) on Thursday released the 2019 safety data of its company members, who reported 287 occupational fatalities, a marked increase from the 50 fatalities recorded in 2018 and 51 fatalities recorded in 2017. ICMM said in a media release to Mining... →
Global mining forum IGF puts forward sweeping employment reforms
By: Martin Creamer 10th June 2020 The Intergovernmental Forum on Mining Minerals Metals and Sustainable Development (IGF) on Wednesday put forward sweeping mining employment reforms in response to the Covid-19 pandemic, which has, it states, exposed weak points in the global labour market. IGF emerged from the 2002 World Summit... →
Sweeping mining reforms advocated in response to Covid-19.
Gemfields releases third film to promote responsibly sourced gemstones
By: Donna Slater 10th June 2020 In its quest to promote Zambia’s emeralds to buyers across the world, gemstone miner Gemfields has introduced the third instalment in its short film series dedicated to coloured gemstones. The buyer’s guide film is aimed at educating consumers on every aspect of buying coloured gemstones, with a... →
Cibjo postpones yearly congress, will be rescheduled in 2021
By: Tasneem Bulbulia 9th June 2020 World Jewellery Confederation's (Cibjo's) yearly congress, which had been for October 5 to 7, in Dubai, in the United Arab Emirates, has been postponed to 2021 as a result of the Covid-19 global pandemic. The decision to postpone the congress was taken during a video conference of the Cibjo board... →
Approval for ruby licence acquisition granted
5th June 2020 Coloured gemstone mining and marketing company Fura Gems received formal approval from the Ministry of Mineral Resources and Energy of Mozambique (MIREM) for the acquisition of a ruby licence, the company said in a release last month. It noted that it had completed the previously announced... →
MORE AND MORE Fura is in the process of completing the purchase and sale of interests in three additional ruby prospecting licences in Mozambique
Hard-hit diamond jewellery sector mulls postpandemic recovery strategies
By: Mamaili Mamaila 5th June 2020 The unforeseen global health crisis triggered by the Covid-19 pandemic has had dire economic repercussions, to which South Africa is not immune. →
Well positioned to weather storm – Standard Bank
By: Martin Creamer 4th June 2020 The Standard Bank is well positioned to weather the Covid-19 storm and remains determined to emerge from this crisis as a stronger Africa-focused financial services group, Standard Bank Group FD Dr Arno Daehnke said on Thursday. The capital and liquidity levels of Africa’s biggest lender by... →
Mozambique streaks ahead with new e-government cadastre advance
By: Martin Creamer 3rd June 2020 While South Africa is still trundling along laboriously with a minerals cadastre system fraught with shortcomings, Mozambique has rocketed to the highest firmament of e-government licence processing, Mining Weekly can report. Mozambique first led the pack 17 years ago when, ironically, it latched... →
New solution for monitoring tailings dams
By: Martin Creamer 2nd June 2020 The tragic tailings dam breach in Brazil that killed more than 270 people has focused the world of mining on making tailings dams safe. Earlier this year, and environmental organisation Grid-Arendal launched the world’s first publicly accessible global database of mine tailings storage facilities... →
Tailings dam.
Swiss institute advances technology to trace pearl origins
By: Marleny Arnoldi 2nd June 2020 The Swiss Gemmological Institute (SSEF) has introduced a new service to support the documentation of the origin and provenance of pearls, assisting the pearl trade in documenting origins and improving the traceability of pearls. The service is supported by the SSEF’s deoxyribonucleic acid (DNA)... →
New natural diamond council launched
By: Martin Creamer 2nd June 2020 A natural diamond is made from carbon and is the hardest natural known substance on earth. Natural diamonds are created over a period of one to three billion years, many kilometres below the earth's mantle under natural conditions of very high pressure and high temperature. But unlike champagne,... →
Minister urges mines to test without fear of mine closure
By: Martin Creamer 29th May 2020 Mineral Resources and Energy Minister Gwede Mantashe on Friday urged mines to test for Covid-19 to the full extent without fearing mine closure. The Minister was responding to a media question on the steps the Department of Mineral Resources and Energy (DMRE) was taking to end the backlog of... →
Gwede Mantashe
Conversation on getting economy back on track post-Covid has begun
By: Martin Creamer 28th May 2020 The conversation has begun on getting the South African economy back on track with the necessary structural reforms post-Covid, Minerals Council South Africa CEO Roger Baxter said on Wednesday. Speaking at question time during a virtual media conference following the council’s annual general... →
Gemfields accepted as corporate member of voluntary human rights initiative
By: Tasneem Bulbulia 26th May 2020 London-headquartered Gemfields, which owns the Kagem emerald mine, in Zambia, and the Montepuez ruby mine, in Mozambique, has become the first gemstone company in the world to be recognised as a corporate member by the Voluntary Principles on Security and Human Rights (VPSHR). The principles are... →
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