R/€ = 20.54 Change: 0.00
R/$ = 19.00 Change: 0.03
Au 1616.40 $/oz Change: 1.82
Pt 720.50 $/oz Change: -3.89


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. 

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... 

Madagascar mining chamber criticises plan to raise minerals taxes

By: Reuters     16th December 2019 Madagascar's mining chamber on Monday sharply criticised a draft mining law that proposes greater government revenue from mining activities, saying the changes will halt new investment and endanger existing mining operations in the country. The bill, seen by Reuters last week, shows that... 

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... 

Diamonds continue to do good for the people of Botswana, says Okavango Diamond Company

25th June 2019 Botswana is reaping the rewards from decades of successful management of its diamond sector to become one of the fastest growing economies in Africa. Speaking at the Plenary Meeting of the Policy Dialogue on Natural Resource-based Development hosted by the Organisation for Economic Co-operation... 

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... 

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 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... 

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... 

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