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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... 


Gemfields sells Jupiter shareholding for $31m
15th April 2019 By: Marleny Arnoldi

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 and National Geographic go behind the scenes in branded content partnership of vital projects supporting African communities and conservation
9th April 2019

Gemfields, the world’s leading supplier of responsibly sourced coloured gemstones, is partnering with National Geographic to lift the veil on vital projects supported by Gemfields in Africa,... 


Gemfields confirms $60m full-year loss
25th March 2019 By: Simone Liedtke

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... 


Gemfields chairperson Brian Gilbertson
Gemfields mulls London listing, looks back on challenging 2018
25th March 2019 By: Simone Liedtke

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... 


Impairments, fair value losses to push Gemfields to a loss for 2018
22nd March 2019 By: Tasneem Bulbulia

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... 


Gemfields unveils new $15m automated ruby sort house in Mozambique
22nd February 2019 By: Tasneem Bulbulia

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,... 


Gemfields’ latest Lusaka emerald auction generates $10.8m in revenue
21st February 2019 By: Tasneem Bulbulia

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... 


Mozambique authorities focusing attention on rubies and gold
1st February 2019 By: Rebecca Campbell

The Economy and Environment Committee of the Mozambican Parliament announced in late January that it was to visit the country’s most north-easterly province, Cabo Delgado, to evaluate the... 


Gemfields agrees settlement of £5.8m pertaining to claims by Leigh Day
29th January 2019 By: Tasneem Bulbulia

Gemfields announced on Tuesday that it has agreed, on a no-admission-of-liability basis, the settlement of all claims brought by law firm Leigh Day on behalf of individuals living in the vicinity... 


Gemfields ‘encouraged’ by most recent CPR report, despite declining results
21st January 2019 By: Simone Liedtke

JSE-listed Gemfields is “particularly encouraged” by the increased level of mineral resource base and confidence underpinning the company’s most recent competent persons reports (CPR), despite... 


Zambian revenue authority clears Kagem
18th December 2018 By: Creamer Media Reporter

JSE-listed coloured gemstone miner Gemfields said on Tuesday that the Zambian Revenue Authority (ZRA) had cleared its Kagem mine, following a recent tax investigation. The investigation started in... 


Gemfields generates $28m from Singapore emerald auction
19th November 2018 By: Marleny Arnoldi

JSE-listed Gemfields has generated $28.4-million in revenue from last week’s rough emeralds auction, which 40 companies attended in Singapore. The company said on Monday that the proceeds of the... 


Pallinghurst CEO Arne Frandsen
Pallinghurst delivers satisfactory FY17 performance
17th April 2018 By: Natasha Odendaal

Dual-listed Pallinghurst Resources has concluded what it called a “transformational year”, after successfully transitioning into an evergreen operating mining company during the year ended December... 


ARNE FRANDSEN
The Pallinghurst CEO envisions Gemfields becoming the De Beers of coloured gemstones
Pallinghurst eyeing London listing following Gemfields acquisition
21st July 2017 By: David Oliveira

Following Pallinghurst’s restructuring and successful acquisition of emerald miner Gemfields, the JSE-listed diversified miner will now commence with the preparatory work to potentially obtain a... 


Pallinghurst chairperson Brian Gilbertson
Pallinghurst seeks London listing following Gemfields acquisition
13th July 2017 By: David Oliveira

Following Pallinghurst’s restructuring and successful acquisition of emerald miner Gemfields, the JSE-listed diversified miner will now commence with the preparatory work to potentially obtain a... 


Arne Frandsen (left) and Brian Gilbertson at Pallinghurst's listing on the JSE ten years ago
Pallinghurst share price leaps on value unlock outline
19th May 2017 By: Martin Creamer

The share price of mining investment fund Pallinghurst leapt in Johannesburg after the company outlined its plans to swop its investment fund shawl for a diversified miner’s mantle, unlock value... 


Pallinghurst CEO Arne Frandsen and chairperson Brian Gilbertson at JSE listing ten years ago this year.
Pallinghurst turns $45m profit, upbeat on 2017, mulling options
29th March 2017 By: Martin Creamer

Diversified mining company Pallinghurst, which made $45-million profit in 2016, is upbeat on 2017. The Johannesburg Stock Exchange-listed company spoke of all three of its business platforms being... 


Mozambique’s ruby sector advances
3rd February 2017 By: Keith Campbell

Mozambique’s ruby mining sector continues to develop, with Australia-domiciled Mustang Resources announcing in late January that it had despatched its first commercial parcel of the precious stones... 


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