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Gemstones News

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... 

Tanzania says to start cancelling inactive mining licences

By: Reuters     22nd May 2019 Tanzania will start cancelling inactive mining exploration licences and distribute the acreage to artisanal miners who are able to immediately commence activity in the area, a minister said on Tuesday. Deputy minister for minerals, Stanslaus Nyongo, told parliament he had issued an order that... 

Gemfields reports signs of recovery in emerald sector

By: Tasneem Bulbulia     20th May 2019 JSE-listed Gemfields continues to see “encouraging” signs of a recovery in the emerald sector, product and sales MD Adrian Banks said in a statement on Monday. This follows Gemfields’ latest auction of higher-quality rough emeralds, in Singapore, which generated revenue of $22.4-million and... 

President's correct, S Africans need to act together to realise economic opportunities – Baissac   

By: Martin Creamer     14th May 2019 President Cyril Ramaphosa is correct in stating that South Africans need to act together with urgency and boldness if they are to realise the economic opportunities before them, Eunomix CEO Claude Baissac said on Tuesday. Baissac, who was speaking to Mining Weekly Online following the finding of... 

President's correct, S Africans need to act together to realise economic opportunities – Baissac
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer about South Africa’s economic growth needs. Video: Nicholas Boyd. Photograph: Dylan Slater.

Gemfields warns about forced illegal mining ‘slavery’ in Mozambique

By: Marleny Arnoldi     13th May 2019 London-based Gemfields warned in a statement on Monday that illegal miners were putting their lives at risk and facing “modern slavery” in Mozambique, where the company owns 75% of Montepuez Ruby Mining (MRM). The coloured gemstones miner has observed increasing numbers of illegal miner pit... 

Worley creating a force for the future of resources and energy 

By: Martin Creamer     7th May 2019 Following the announcement in October 2018 of WorleyParsons' binding offer for Jacobs' Energy, Chemicals and Resources, the combined new entity has come together under a new brand – Worley – involving 57 600 people across 51 countries. While financially a $3.2-billion acquisition, operationally... 

Worley creating a force for the future of resources and energy
Photo by Creamer Media Chief Photographer Dylan Slater
From left, Krish Iyer, president Middle East Africa, Francois Bosch, business development (BD) sales manager, East Africa, Denver Dreyer, senior vice president Mining Minerals and Metals (MM&M), Europe Middle East Africa, Ian Davies, senior vice president, BD & Growth MEA, Ryan Froude, operations manager, East Africa, Robert Hull, vice president, MM&M, Africa, and Ed Hanbidge, vice president, Energy Chemicals and Services, Southern and Eastern Africa.

International Kagem emerald promotion boosts Zambia’s revenue – Gemfields

By: African News Agency      2nd May 2019 Emeralds from Zambia’s Kagem mine have captured the eye of some of the foremost gemstone buyers and jewellers around the world, helping boost revenue for the southern African country, parent company Gemfields has said. “We are excited because appreciation of Zambian emeralds is gaining momentum... 

Gemfields sells Jupiter shareholding for $31m 

By: Marleny Arnoldi     15th April 2019 JSE- and BSX-listed Gemfields’ subsidiary, Pallinghurst Consolidated, will sell the 145-million shares it holds in ASX-listed Jupiter Mining to AMCI Euro Holdings for A$44-million, or $31-million. Gemfields stated on Monday that the transaction was consistent with the board’s strategy for the... 

Gemfields confirms $60m full-year loss 

By: Simone Liedtke     25th March 2019 JSE-listed Gemfields on Monday confirmed that it had posted a $60.4-million net loss for the year ended December 31, 2018, compared with a $45.1-million profit in 2017. As set out in a trading statement published on Friday, the group attributed the loss to impairment charges and fair value loss... 

Gemfields mulls London listing, looks back on challenging 2018 

By: Simone Liedtke     25th March 2019 JSE-listed Gemfields is considering an additional listing on the LSE during this year, without an associated capital raise, in an effort to address the lack of broker research and share trading liquidity. Paying a maiden distribution to its shareholders remains a key ambition for the miner for... 

Gemfields mulls London listing, looks back on challenging 2018
Photo by Creamer Media
Gemfields chairperson Brian Gilbertson

Impairments, fair value losses to push Gemfields to a loss for 2018

By: Tasneem Bulbulia     22nd March 2019 Gemfields expects to report a net loss of $60.4-million for the year ended December 31, 2018, compared with the net profit of $45.1-million reported for 2017. In rand terms, the net loss is expected to be R801-million, compared with a R600-million net profit the year before. 

Tanzania launches gold trading centre to fight smuggling

By: African News Agency      19th March 2019 Tanzania has followed South Africa and Botswana with the launch of an international gold trading centre in the gold-rich region of Geita as part of its efforts to fight the smuggling of minerals, according to a report on Tuesday. South Africa has a gold exchange hub while Botswana has a diamond... 

'No tomorrow' for many unless consumption falls – UN

By: Reuters     13th March 2019 Global exploitation of natural resources – from water, sand and timber to oil, coal and gemstones – has more than tripled in 50 years, the United Nations (UN) said on Tuesday, warning of devastating environmental impacts unless demand is reduced. Surging consumption of natural resources –... 

Gemfields unveils new $15m automated ruby sort house in Mozambique

By: Tasneem Bulbulia     22nd February 2019 Gemfields on Friday unveiled a new ruby sort house near its Montepuez ruby mine (MRM), in Mozambique. The gemstone miner noted in a statement that the sort house, in which it invested $15-million, was the first of its kind for the gemstone industry and would be on par with the best diamond... 

Gemfields’ latest Lusaka emerald auction generates $10.8m in revenue

By: Tasneem Bulbulia     21st February 2019 Gemfields’ latest auction of predominantly commercial-quality rough emeralds, held in Lusaka, Zambia from February 18 to 20, saw 24 companies placing bids and generated revenue of $10.8-million with an overall average value of $4.39/ct. 

Xolobeni judgment continues to confound 

By: Martin Creamer     11th February 2019 Mining must take place with a strong focus on the interests of those who live in mining areas, says Mineral Resources Minister Gwede Mantashe, a standpoint that supports the notion that a mining right and a land right can co-exist, without pleasing one party at the expense of the other.  But the... 

Xolobeni judgment continues to confound
Mineral Resources Minister Gwede Mantashe
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