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Gemstones News
Questionnaire launched to recognise responsible, ethical and sustainable members
By: Donna Slater Updated 1 hour 52 minutes ago Nonprofit association, the International Coloured Gemstone Association (ICA), has launched an Accredited Ethical Member programme (AEM) – an online questionnaire – which, upon completion, will recognise ICA members for their responsible, ethical and sustainable trading practices. The AEM is an... →
Covid-19 causes considerable impact to Gemfields
By: Tasneem Bulbulia 30th March 2020 Gemstone miner Gemfields expects a significant detrimental impact on its operations, revenues and business during 2020 and possibly beyond from the Covid-19 pandemic. As of March 30, all but critical operations at the Kagem emerald mine, in Zambia, have been suspended for what the company hopes... →
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 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... →
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. →
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... →
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%,”... →
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... →
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... →
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... →
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... →
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,... →
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... →
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 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... →
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... →
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... →
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... →
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... →
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... →
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... →
KRIS VERGOTE Multotec supports its products and regularly communicates with and visits clients
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