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URA announces 29Mct emerald mineral resource estimate at Gravelotte
By: Darren Parker 21st November 2022 Exploration company URA Holdings, which has assets in South Africa and Zambia, has announced an independent maiden Joint Ore Reserves Committee (Jorc) 2012 mineral resource estimate of 29-million carats of contained emerald at its 74%-owned Gravelotte emerald mine, in Limpopo. The maiden Jorc... →
Gemfields' latest emerald auction generates nearly $31m in revenue
By: Marleny Arnoldi 18th November 2022 JSE- and Aim-listed Gemfields has generated $30.8-million in revenue from the sale of rough emeralds during an auction, comprising five sequential mini-auctions, held from October 30 to November 17. The company offered 37 lots for sale, of which 34 were sold, at an average price of $76.78/ct. →
Qld makes plans to back small-scale miners
By: Esmarie Iannucci 10th November 2022 The Queensland government will introduce a suite of possible changes to support the continued operation of small-scale miners in the state, with a moratorium on new claims to end as scheduled on November 24. “The 12-month moratorium has served its purpose and allowed government to talk to... →
Gemfields to auction 187 775 ct Kafubu emerald cluster
By: Donna Slater 3rd November 2022 Gemstone miner Gemfields is set to put on auction the 187 775 ct (37 555 g) cluster of emeralds that was unearthed in the Chama pit of the miner’s 75%-owned Kagem emerald mine, in Zambia, in March 2020. Viewings of the cluster opened on October 31, with bidding to close on November 17. →
Key Montepuez personnel return to site, operations resume
By: Donna Slater 24th October 2022 Key operational personnel have returned to Gemfields’ majority-owned Montepuez Ruby Mining (MRM) operation in Cabo Delgado, Mozambique, and basic operations have resumed. Operational employees and contractors were ordered out of the 75%-owned MRM operation on October 20 following an insurgent... →
Gemfields halts Mozambique operations after attack at nearby ruby mine
By: Reuters 20th October 2022 Precious gem miner Gemfields Group has stopped operations at its Montepuez ruby mine in Mozambique's Cabo Delgado province after an attack was reported at a nearby facility, it said on Thursday. "This morning, an attack attributed to insurgent activity has been reported at the neighbouring ruby... →
Gemfields reports record interim auction revenues
By: Darren Parker 29th September 2022 Gemstones supplier Gemfields has reported “record-breaking” auction revenues and an “all-time high” cash position for the six months ended June 30, resulting in the company declaring an interim dividend of $15-million. Gemfields reported revenues of $193.2-million for the interim period, up from... →
Gemfields records revenues of $4.2m from ruby auction
By: Tasneem Bulbulia 27th September 2022 Aim-listed Gemfields generated revenues of $4.2-million from an auction of predominantly commercial-quality sapphire, corundum and low-quality ruby held from September 19 to 23. The gemstones were extracted by Montepuez Ruby Mining (MRM), which is 75%-owned by Gemfields and 25% by Mwiriti Limitada. →
Kagem emerald sales remain strong as latest auction generates $32.9m
By: Creamer Media Reporter 20th September 2022 Gemstone miner Gemfields' latest auction of commercial-quality emeralds recovered from the Kagem mine, in Zambia, generated revenue of $32.9-million – the second-highest figure ever at a Kagem commercial quality auction. “The results announced today confirm once again that 2022 is the strongest... →
Tripling Zambia’s copper output ambitious but attainable best-case scenario
By: Tracy Hancock 16th September 2022 Key prerequisites need to be in place if Zambian President Hakainde Hichilema is to tap into the potential developmental benefits of the “oil of Zambia” by tripling the country’s yearly copper output in the next ten years, says Zambia Chamber of Mines CEO Sokwani Chilembo. “Tripling the country’s... →
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