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UK-headquartered Gemfields has generated $66.8-million of revenue from 98 lots of rough rubies sold on auction between November 21 and December 8. The auction lots were made available for...
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...
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...
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...
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...
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...
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....
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...
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...
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...
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...
Gemfields has reported record auction revenue of $330.3-million for the 12 months ended June 30. In a report on the company’s operating results and financial position for the period, released on...
Dual-listed Gemfields says an attack, attributed to insurgent activity, occurred on July 13 in closer proximity to the operations of Montepuez Ruby Mining (MRM), in which Gemfields holds a 75%...
Seven sequential mini-auctions of Gemfields’ rubies netted all-time high auction revenues for the miner of $95.6-million, with average prices of $246.69/ct achieved – also a new record for any...
A fresh wave of attacks by an Islamic State affiliate in northern Mozambique has prompted the evacuation of the nation’s biggest solar power plant and threatens to further delay TotalEnergies'...
Gemstone miner Gemfields reports that several insurgent attacks in the vicinity of Ancuabe, Mozambique, starting on June 6, are happening in closer proximity to its Montpuez ruby mine (MRM) than in...
A series of five sequential mini-auctions of emeralds held by gemstone miner Gemfields from May 9 to 26 saw all 38 lots on offer being sold and set a new record for the highest revenue and the...
The state of Zambia’s amethyst and emerald mining sectors has improved after the onset of the Covid-19 pandemic resulted in poor demand. However, the sectors continue to battle systemic...
Technology gateway GemCloud, which has the potential to play a central role in shaping the future of the coloured gemstone sector, has gained a new, non-controlling anchor investor through coloured...
An emerald recovered at Gemfields' Zambia-based Kagem mine – which broke the Guinness World Record for being the largest uncut emerald ever found, as verified on April 22 – was showcased during a...
Gemfields recorded a record $42.3-million in revenue from the sale of emeralds sourced from its Zambia-based Kagem mine, at auctions of predominantly commercial-quality rough emeralds held in...
London-listed Gemfields says 2021 had been a good year for the company, allowing the “horrors” of 2020 to be consigned to the history books. The company has been able to allocate $20-million, or...
London-listed Gemfields expects to swing to a net profit of $65-million for the year ended December 31, 2021, compared with a net loss of $93-million in the prior year. With the company’s two key...
Gemstone miner Gemfields says an analysis of existing data on the supply of rubies and emeralds highlights an “alarming” extent to which host-mine countries are being robbed of the true value of...
Gemstone miner Gemfields reports that by December 31, its 75%-owned Zambia-based Kagem emerald mine had produced 32.01-million carats for the year, at an average grade of 191 ct/t and ore...
Emerald mining company Kagem Mining has signed a collective agreement with unions, which will result in employees receiving e a 10% increase in basic salary for this year, followed by a further 10%...
Gemstone miner Kagem Mining has reinforced the Zambian government’s optimistic outlook for the future of Zambia’s gemstone and wider mining sector. Kagem on January 7 hosted Mines and Minerals...
Gemstone miner Gemfields is calling on governance bodies, mining organisations, industry observers and host governments to adopt the G-Factor for Natural Resources – a new measure promoting greater...
With ongoing plans to dispose of its entire interest in Sedibelo Platinum Mines (SPM), gemstone miner Gemfields confirms that interposed vehicle Pallinghurst Ivy Lane Capital (Ivy Lane), which held...
Gemstone miner Gemfields' latest series of mini-auctions for rubies mined at the Montepuez mine, in Mozambique, has generated a record $88.4-million in revenue. Of the 107 lots on offer during the...
A series of five emerald mini-auctions in November and December has generated a record $37.9-million in revenue for gemstone miner Gemfields. All carats on offer were sold and the emeralds were...
Gemfields has uncovered a 7 525 ct (1 505 g) gemstone, which it has called Chipembele – meaning “rhino” in Bemba (an indigenous dialect in Zambia), at its Kagem emerald mine in Zambia. The...
International auction house Phillips will, this month, put on sale the largest collection of Zambian emeralds ever to be offered on auction. Part of the proceeds will go to the Gemfields...
Aim- and JSE-listed Gemfields has appointed Patrick Eugenio Sacco non-independent and nonexecutive director, effective immediately. The company says Sacco has experience in the iron-ore, manganese,...
Assore International Holdings Limited (AHIL) has increased its stake in gemstone miner Gemfields to 26.17%. This followed the sale by Dr Christo Wiese and his family and associates of about...
Manganese and iron-ore company Assore has increased its shareholding in emerald and ruby miner Gemfields to 12.74%. The privately-held company last week bought an additional 90 533 595 shares of...
JSE-listed Gemfields expects to report a net profit after tax of $23.8-million for the six months to June 30, compared with the $56.7-million net loss after tax reported for the comparative...
Mining holding company Assore International Holdings has acquired a beneficial interest of 5% in coloured gemstones miner and supplier Gemfields. Conducted as an off-market block trade and online...
Gemstone miner Gemfields has generated about $23.1-million in auction revenues – an all-time record for commercial-quality emerald auctions – at its auction held from July 28 to August 11. The...
Gemstone miner Gemfields’ 75%-owned Kagem emerald mine, in Zambia, produced 10.34-million carats of gemstones, including emeralds and beryls during the first half of the year, while its...
Gemstone producer Gemfields is inviting collaboration, input and support from governance bodies, mining organisations, industry observers and host governments in adopting the G-Factor for Natural...
Aim- and JSE-listed Gemfields says there is no disclosable unpublished price-sensitive information relating to the company at the moment, following an increase in the company’s share price over the...
Insurgent attacks and Covid-19 have had a significant impact on the Mozambican mining industry, says Gemfields CEO Sean Gilbertson. The investment climate in Mozambique, particularly Cabo Delgado –...
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