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China possesses huge gemstone potential – Gemfields
9th September 2020 By: Donna Slater

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... 


Gemfields warns of bleak second-half
29th July 2020 By: Tasneem Bulbulia

Gemstone miner Gemfields has warned of bleak conditions for the remainder of this year, as the spread of Covid-19 continues to impact on the group. “Conditions remain very challenging for Gemfields... 


World’s biggest ruby mine reports coronavirus outbreak
14th July 2020 By: Bloomberg

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... 


Gemfields completes delisting from Bermuda Stock Exchange
1st July 2020 By: Donna Slater

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... 


Gemfields to host virtual AGM
15th June 2020 By: Marleny Arnoldi

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... 


Gemfields releases third film to promote responsibly sourced gemstones
10th June 2020 By: Donna Slater

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... 


Gemfields accepted as corporate member of voluntary human rights initiative
26th May 2020 By: Tasneem Bulbulia

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... 


All Star appoints seasoned mining veterans to its board
22nd May 2020 By: Marleny Arnoldi

London-listed junior mining investment company All Star Minerals has appointed Ian Harebottle and Richard Lloyd as directors. Harebottle is a former CEO of Aim-listed companies Gemfields and... 


RESTRICTED REVENUE 
Auctions accounted for about 93% of Gemfields’ 2019 revenue, but dates for upcoming auctions are uncertain
World’s largest emerald mine not exempt from pandemic
15th May 2020 By: Tracy Hancock

The turmoil stemming from the global Covid-19 outbreak represents one of the most serious challenges that many companies face globally, and the world’s largest emerald mine, Kagem, is no exception,... 


Gemfields launches second short film highlighting what makes emeralds special
4th May 2020 By: Donna Slater

Gemstone miner Gemfields has launched the second of four short films, the latest edition of which is dedicated to the emerald – the birthstone of the month of May. The aim of these short films is... 


Gemfields recognised as corporate member by Voluntary Principles
28th April 2020 By: Tasneem Bulbulia

Ruby and emerald miner Gemfields has become the first and only gemstone producer to be recognised as a corporate member by Voluntary Principles. A globally recognised initiative by governments,... 


Gemfields suspends Montepuez operations amid Covid-19, beefs up security
22nd April 2020 By: Donna Slater

Gemstone miner Gemfields has suspended all but critical operations at its Montepuez ruby mine (MRM), in Mozambique, as of April 22, as a result of the continued global spread of Covid-19. Only... 


Healthy 2019 profits, cash generation to help Gemfields through Covid-19
6th April 2020 By: Marleny Arnoldi

JSE- and Aim-listed Gemfields delivered record group revenue and a healthy growth in operating profit in the year ended December 31, 2019; however, the fallout from Covid-19 is expected to have an... 


Covid-19 causes considerable impact to Gemfields
30th March 2020 By: Tasneem Bulbulia

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... 


Gemfields records profit, warns of auction uncertainty
25th March 2020 By: Tasneem Bulbulia

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... 


Gemfields Mozambique’s ruby unit reports attack on workers
25th February 2020 By: Bloomberg

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... 


Gemfields’ first emerald auction of 2020 hampered by coronavirus
24th February 2020

While the results of an auction of predominantly commercial-quality rough emeralds held in Lusaka, Zambia, from February 18 to 21, had been in line prior auctions of commercial-quality emeralds,... 


Gemfields’ shares start trading on London’s Aim
14th February 2020 By: Marleny Arnoldi

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... 


EVG Mineral Resource Holdings – New kids on the block
EVG Mineral Resource Holdings – New kids on the block
7th February 2020

EVG Mineral Resource Holdings entered into the mining space in June 2019 with their office based in Johannesburg. The company, founded by Vipul Gandhi and Edwin Bassingthwaighte, focuses on... 


Kagem signs wage agreement with unions
23rd January 2020 By: Tasneem Bulbulia

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... 


Gemfields seeking admission to London’s Aim market
Gemfields seeking admission to London’s Aim market
17th January 2020 By: Simone Liedtke

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... 


Zambia drops precious gemstone export duty
Zambia drops precious gemstone export duty
19th December 2019 By: Mariaan Webb

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... 


Gemfields’ latest auction nets $71.5m
17th December 2019 By: Simone Liedtke

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... 


Zambian tax structure is crippling gemstone industry, says miner
6th December 2019 By: Marleny Arnoldi

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... 


Gilbertson steps down as Gemfields chair
29th November 2019 By: Marleny Arnoldi

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... 


Zambian tax structure is crippling gemstone industry, says miner
27th November 2019 By: Marleny Arnoldi

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... 


Gemfields generates $79m from emerald auctions in 2019
22nd November 2019 By: Marleny Arnoldi

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... 


Kagem invests in blockchain tech to ensure gemstone traceability
21st November 2019 By: Creamer Media Reporter

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... 


Gilbertson steps down as Gemfields chair
18th November 2019 By: Marleny Arnoldi

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... 


Gemfields seeks approval to buy back more shares
21st October 2019 By: Marleny Arnoldi

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... 


Despite price rebound, gold spending is unlikely to return to heights of the past decade
Despite price rebound, gold spending is unlikely to return to heights of the past decade
25th September 2019 By: Mariaan Webb

Although gold companies may have turned a financial corner in 2016, spending will not return to the heights of the past decade and priority will be given to reinvestment in brownfields assets,... 


Gemfields chairperson Brian Gilbertson
Gemfields delivers varied interim results, remains intent on London listing
20th September 2019 By: Simone Liedtke

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... 


Gemfields to report lower interim profit
18th September 2019 By: Creamer Media Reporter

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,... 


EMERALD OPERATIONS Kagem Mining took delivery of 12 Bell B45E articulated dump trucks for an expansion project in 2018
Company benefits from after-sales market
13th September 2019 By: Tracy Hancock

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... 


Kagem attracts record buyer interest at Lusaka auction
23rd August 2019 By: Tasneem Bulbulia

Gemstone miner Gemfields’ latest auction of commercial-quality emeralds, held in Lusaka this week, attracted a record number of international buyers. The auction of 35 schedules of emeralds... 


Arne Frandsen
Pallinghurst earmarks $1bn for battery, fuel cell materials
3rd July 2019 By: Martin Creamer

Diversified investor Pallinghurst has entered the battery materials and energy storage revolution through the creation of a diversified battery raw materials platform. With the global electric... 


Gemfields progresses disposals, considers larger share buyback
27th June 2019 By: Marleny Arnoldi

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... 


Gemfields enters into Moz gold JV
26th June 2019 By: Creamer Media Reporter

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... 


Responsible sourcing of gemstones to receive more attention – Gemfields
20th June 2019 By: Tasneem Bulbulia

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... 


BENEFICIAL OPERATIONS Gemfields’ gemstone mining operations in Zambia and Mozambique provide a significant benefit to these African countries
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’... 


Gemfields reports signs of recovery in emerald sector
20th May 2019 By: Tasneem Bulbulia

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... 


Gemfields warns about forced illegal mining ‘slavery’ in Mozambique
13th May 2019 By: Marleny Arnoldi

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... 


International Kagem emerald promotion boosts Zambia’s revenue – Gemfields
2nd May 2019 By: African News Agency

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... 


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