https://www.miningweekly.com
R/€ = 19.73 Change: -0.09
R/$ = 17.84 Change: -0.22
Au 1622.68 $/oz Change: 1.20
Pt 726.00 $/oz Change: -21.55
 

Gemstones News

Mining could be enormous post-virus stabiliser – Minerals Council

By: Martin Creamer     29th March 2020 The mining industry could be an enormous asset in stabilising and growing the economy post the coronavirus crisis  – but the right economic and regulatory circumstances would have to prevail, Minerals Council South Africa stated in a weekend media release. Post the coronavirus, South Africa would... 

Gemfields records profit, warns of auction uncertainty

By: Tasneem Bulbulia     25th March 2020 JSE-listed Gemfields expects its net profit after tax for the year ended December 31, will be $39.1-million  compared with a net loss after tax of $60.4-million in the 2018 financial year. In rand terms, the net profit after tax is expected to be R565-million. 

Gem’s Letšeng continues to deliver special diamonds

By: Simone Liedtke     6th March 2020 LSE-listed Gem Diamonds has highlighted the recovery of a number of top-quality white, as well as one pink, diamond from its Letšeng mine, in Lesotho, between February 28 and March 3. Five white gem diamonds, weighing between 33 ct and 114 ct, were recovered, along with a 13 ct pink gem... 

Gem’s Letšeng continues to deliver special diamonds

Gemfields Mozambique’s ruby unit reports attack on workers

By: Bloomberg     25th February 2020 Gemfields Group’s Mozambican ruby operation said attackers torched its vehicle, less than a month after 11 people died when parts of a mine pit they had forcefully accessed collapsed on them. A “large group” ambushed the truck on February 22 with pickaxes, injuring at least three workers and a... 

Ethical engagement rings that are truly eco-friendly, guilt-free

By: Bloomberg     20th February 2020 When Krish Himmatramka was working as an engineer in the oil industry, he would spend his spare time in his trailer in northern Louisiana scouring the Internet for the perfect engagement ring for his girlfriend. But he struggled to find one that was ethically and sustainably produced.  After... 

Gemfields’ shares start trading on London’s Aim

By: Marleny Arnoldi     14th February 2020 JSE- and Botswana-listed Gemfields on Friday also started trading on the Aim market of the LSE. At the time of admission, the company’s total issued share capital consisted of 1.2-billion ordinary shares, of which 96-million were held by the company itself. “The Aim listing seeks to provide UK,... 

Kagem signs wage agreement with unions

By: Tasneem Bulbulia     23rd January 2020 Zambian miner Kagem Mining has signed a collective agreement with unions that will result in unionised employees receiving a 10% increase in basic salary for 2020 and a further 10% increase for 2021. The collective agreement followed successful negotiations between Kagem management and... 

Gemfields seeking admission to London’s Aim market 

By: Simone Liedtke     17th January 2020 Gemstone miner Gemfields intends to seek admission to trade on the Aim market of the LSE. The company does not intend to raise capital in conjunction with the admission, which it expects will become effective on February 14. 

Gemfields seeking admission to London’s Aim market

Richland raises £150k while reverse takeover pends

By: Marleny Arnoldi     13th January 2020 Aim-listed Richland’s share price on Monday fell about 26% to 0.11p apiece after it announced an equity raising of about £150 000. The company placed 105-million new common shares with certain new investors at an issue price of 0.10p apiece.  

Zambia drops precious gemstone export duty

By: Mariaan Webb     19th December 2019 The Zambian government has suspended a 15% export duty on precious gemstones, excluding diamonds, JSE-listed Gemfields said on Thursday. The suspension was announced the government gazette last week, and will take effect from January 1, 2020. Gemfields, which owns 75% of the Kagem emerald... 

Zambia drops precious gemstone export duty

Gemfields’ latest auction nets $71.5m

By: Simone Liedtke     17th December 2019 Dual-listed Gemfields sold about 88% of its lots on offer at its most recent auction, spanning December 10 to 14, in Singapore. Of the 104 lots offered, 91 were sold, generating auction revenues of about $71.5-million at an average price of $77.12/ct. 

Zambian tax structure is crippling gemstone industry, says miner

By: Marleny Arnoldi     27th November 2019 While Zambian miner Kagem Mining successfully generated $27-million in sales from an emerald auction held earlier this week, it says the country’s "extreme" tax rates are crippling the gemstone industry. Kagem is 25% owned by the Zambian Industrial Development Corporation and 75% owned by... 

Gemfields generates $79m from emerald auctions in 2019

By: Marleny Arnoldi     22nd November 2019 JSE-listed Gemfields earned revenue of $27-million from an emerald auction held in Singapore from November 18 to 21. The company sold 33 out of 38 lots of high-quality rough emeralds at an average price of $85.26/ct, which the company on Friday said was an all-time record.  

Kagem invests in blockchain tech to ensure gemstone traceability

By: Creamer Media Reporter      21st November 2019 Emerald miner Kagem Mining is introducing a new blockchain technology at its Zambian mine that enables gemstones to be traced back to the mine. Kagem's parent company Gemfields has partnered with diamond and gemstone analysis firm Gübelin Gem Labs to provide buyers details of the origin of... 

Solar reducing electricity costs, lowering diesel use   

By: Martin Creamer     20th November 2019 Solar power is playing a major role in reducing daytime electricity bills and lowering diesel use in off-grid diesel consuming areas, says SunRanch.Solar, whose clients are benefiting from below grid power costs and major diesel savings. “We reduce people’s daytime power costs by 60% to 70%,”... 

Solar reducing electricity costs, lowering diesel use
SunRanch.Solar talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd

Gilbertson steps down as Gemfields chair

By: Marleny Arnoldi     18th November 2019 JSE-listed Gemfields has appointed board member Martin Tolcher chairperson. He succeeds Brian Gilbertson, who decided it best to step down amid an ongoing process of obtaining a dual listing on the Aim.  

Gemfields seeks approval to buy back more shares

By: Marleny Arnoldi     21st October 2019 JSE- and BSX-listed Gemfields plans to seek shareholder approval to increase the number of shares the company may buy back during the rest of the year. The company on September 27 completed a share buyback programme, buying about 143-million shares on-market for an average price of R1.50 apiece.  

Biodiversity, climate everyone’s issues – Environment Minister  

By: Martin Creamer     8th October 2019 South Africa is one of the world’s top three mega biodiverse nations along with Brazil and Indonesia, said Environment Forestry and Fisheries Minister Barbara Creecy in her address to the Oppenheimer Research Conference (ORC). “We are thus one of the richest countries in terms of the diversity of... 

Biodiversity, climate everyone’s issues – Environment Minister
Environment, Forestry and Fisheries Minister Barbara Creecy ORC presentation by Mining Weekly's Martin Creamer. Camera Work: Darlene Creamer

Investment in climate-positive companies growing – Joburg Indaba  

By: Martin Creamer     7th October 2019 Asset managers globally have become the lightning rod of populist views in Western countries, with the conversation now dominated by climate-change issues within the environmental, social and governance (ESG) paradigm as well as what the prospective upheaval in the vehicle industry means for... 

Investment in climate-positive companies growing – Joburg Indaba
Mining Weekly's Martin Creamer on Joburg Indaba climate discussion. Video Editing: Nicholas Boyd. Video: Kutlwano Matlala. Photo: Dylan Slater.

Environment government’s most important Ministry – Oppenheimer  

By: Martin Creamer     4th October 2019 The Environment Ministry is the most important ministry in the government, former mining luminary Nicky Oppenheimer said at this week’s tenth Oppenheimer Research Conference. “Environment is at the forefront of everybody’s mind, and we in South Africa are unbelievably blessed with the environment... 

Environment government’s most important Ministry – Oppenheimer
Former mining luminary Nicky Oppenheimer covered by Mining Weekly’s Martin Creamer. Camera Work: Darlene Creamer. Photograph: Dylan Slater.

New technologies can make mining safer, sunrise industry – Mgojo  

By: Martin Creamer     2nd October 2019 The utilisation of new technologies could make mining a sunrise industry while simultaneously addressing safety and health issues, Minerals Council South Africa president Mxolisi Mgojo said on Wednesday. Responding to a question by Joburg Indaba chairperson Bernard Swanepoel following his keynote... 

New technologies can make mining safer, sunrise industry – Mgojo
Minerals Council South Africa president Mxolisi Mgojo’s address to Joburg Indaba covered by Mining Weekly’s Martin Creamer. Video Editing: Nicholas Boyd. Photograph: Dylan Slater. Video: Kutlwano Matlala.

Proudly South African anti-cable theft technology already deployed on 12 sites

By: Martin Creamer     30th September 2019 It has been said that entering the Elvey Security Technologies headquarters in the Greenstone Hill Office Park, in Modderfontein, Edenvale, is like boarding USS Enterprise on a Star Trek movie set. All the futuristic trappings are evident in this Hudaco company’s Pentagon demonstration room,... 

Proudly South African anti-cable theft technology already deployed on 12 sites
Photo by Creamer Media's Dylan Slater
SOLVING A WORLDWIDE PROBLEM Hudaco executive director Louis Meiring (left) and Commercial ICT MD Brad Morein in futuristic demonstration room.

First glimpse into Mining Indaba 2020 programme 

By: Martin Creamer     26th September 2019 The twenty-sixth Investing in African Mining Indaba – scheduled to take place in Cape Town from February 3 to 6 next year – will offer delegates new insight into issues facing Africa’s resources sector. “We’re building on the success of the 2019 Mining Indaba in terms of the high level of... 

First glimpse into Mining Indaba 2020 programme
Investing in African Mining Indaba.

Gemfields delivers varied interim results, remains intent on London listing

By: Simone Liedtke     20th September 2019 Dual-listed Gemfields, which remains intent on listing on the Aim, delivered a “profitable, but varied” performance during the first half of the year, ended June 30, chairperson Brian Gilbertson said on Friday. He explained that, when compared with the first half of 2018, total rock handling had... 

Gemfields delivers varied interim results, remains intent on London listing
Photo by Creamer Media
Gemfields chairperson Brian Gilbertson

Gemfields to report lower interim profit

By: Creamer Media Reporter      18th September 2019 JSE- and BSX-listed Gemfields expects to report a net profit of $12.4-million for the six months ended June 30, compared with the net profit of $16-million achieved in the six months ended June 30, 2018. Earnings a share and headline earnings a share for the six months under review are expected... 

Chinese investment underpins Africa’s mining sector

By: Tracy Hancock     13th September 2019 China has played an important role in developing the mining industries of Africa’s emerging nations, such as Zambia, where the Asian country’s investment has particularly helped infrastructure development, an important precursor needed for mining, says African Mining Network chairperson Yolanda... 

Chinese investment underpins Africa’s mining sector
RESISTANCE REPORTED The resistance to Chinese-funded infrastructure developments in Zambia is no different from any other mining jurisdiction

Company benefits from after-sales market

By: Tracy Hancock     13th September 2019 Earthmoving equipment manufacturer Bell Equipment’s Zambian operation is benefiting from good demand for after-sales support amid the country’s tough economic conditions. “We have had success with our ReMan re-power programme through which complete rebuilds of articulated dump trucks (ADTs) are... 

Company benefits from after-sales market
EMERALD OPERATIONS Kagem Mining took delivery of 12 Bell B45E articulated dump trucks for an expansion project in 2018

Mozambique introducing reward system to counter smuggling

By: Rebecca Campbell     30th August 2019 Mozambique is going to reward people who provide the authorities with information regarding the smuggling of precious stones. This was announced last month by the country’s Minerals Resources and Energy Minister Max Tonela, and is intended to bring an end to this illegal trade. He revealed this... 

Da Vinci model required for mining in Industry 4.0 – Cawood

By: Darren Parker     16th August 2019 The global push for ever-increasing technological advancement in the mining industry means that it needs to readdress the way it builds and sources competencies, with a focus on breaking down skills silos to create more multidisciplined professionals, according to Wits Mining Institute director... 

Da Vinci model required for mining in Industry 4.0 – Cawood
FRED CAWOOD Sensors will take our jobs if we don’t stay relevant

Proactive maintenance saves mines reactive costs

By: Tracy Hancock     12th July 2019 US condition-based monitoring device supplier SpotSee is in the process of obtaining certification in Africa for its Wi-Fi radio, which enables its OpsWatch vibration monitoring system to stream condition-based data to central operations through a Web-hosted platform. The system can detect... 

Proactive maintenance saves mines reactive costs
DON’T BE REACTIVE Having measures in place to predict pending failures, enables mining companies to be proactive and stay ahead of problems instead of waiting to react and, as a result, spending capital to solve them

Gemfields progresses disposals, considers larger share buyback

By: Marleny Arnoldi     27th June 2019 JSE-listed Gemfields on Thursday announced that it had completed the first tranche of the sale of its shares in ASX-listed Jupiter Mines. The company on April 15 informed shareholders of its decision to sell its stake in Jupiter in two tranches. The second tranche is expected to be completed by... 

Gemfields enters into Moz gold JV

By: Creamer Media Reporter      26th June 2019 JSE-listed gemstone producer Gemfields has entered into a joint venture (JV) with Mozambican company Mwiriti to explore for gold over greenfield licences near the companies' Montepuez Ruby Mining (MRM) JV operation, in Mozambique. Gemfields will hold 75% of the new JV and Mwiriti the balance. 

Real-time data playing bigger maintenance role

By: Tracy Hancock     21st June 2019 As the world gears up for the Fourth Industrial Revolution, African mines are embracing real-time information management systems to plug the gap left by the shortage of competent maintenance supervisors and mining equipment operators, Mining Equipment Manufacturers of South Africa CEO Ossie... 

Real-time data playing bigger maintenance role
Photo by Creamer Media
BIG DEAL The decision to buy a piece of equipment should always include maintenance elements

Responsible sourcing of gemstones to receive more attention – Gemfields

By: Tasneem Bulbulia     20th June 2019 Responsible sourcing of coloured gemstones will receive ever-increasing attention and become progressively more important to consumers, predicts Gemfields and Kagem Mining CEO Sean Gilbertson. The observation comes as Gemfields recently contributed new data and insights to independent global... 

Gemfields partners with National Geographic

7th June 2019 Gemstones supplier Gemfields is partnering with National Geographic to lift the veil on vital projects supported by Gemfields in Africa, benefitting both communities and conservation. Gemfields’ gemstone mining operations in Zambia and Mozambique provide a significant benefit to these African... 

Gemfields partners with National Geographic
Photo by Bloomberg
BENEFICIAL OPERATIONS Gemfields’ gemstone mining operations in Zambia and Mozambique provide a significant benefit to these African countries

Minerals processing company sees growth opportunity in Moz

By: Jessica Oosthuizen     7th June 2019 Minerals processing specialist Multotec boasts an entrenched presence in Mozambique, having operated in the country’s mining sector for more than 15 years, and Multotec Mozambique regional manager Thinus Kruger tells Mining Weekly that there is potential for the company to grow further. Multotec... 

Minerals processing company sees growth opportunity in Moz
Photo by Creamer Media's Dylan Slater
KRIS VERGOTE Multotec supports its products and regularly communicates with and visits clients

Junior mining badly in need of kickstart – Swanepoel   

By: Martin Creamer     4th June 2019 Junior mining is badly in need of a policy framework that will kickstart activity, mining luminary Bernard Swanepoel said on Tuesday. Speaking to a packed 2019 Junior Indaba conference for explorers, developers and investors in junior mining, Swanepoel outlined how he had boldly stepped into the... 

Junior mining badly in need of kickstart – Swanepoel
Junior Indaba opening addresses covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer. Photographs: Creamer Media’s Dylan Slater.

Richland board now focusing on sale of Capricorn mine

By: Creamer Media Reporter      3rd June 2019 Australian sapphire and gemstone company Richland Resources is progressing negotiations with a buyer for its idled Capricorn mine, in Queensland, the Aim-listed junior reported on Monday. The company previously flagged a sale of all or part of Capricorn, to potential strategic investors to... 

First
Prev
1
2 3 4 Next Last

Latest News

more

Latest Videos

more

Company Announcements

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close