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Gemfields turns status from net loss to net profit

Precious stones miner Gemfields estimates that it will transform its financial status for the six-month period to 30 June 2018 from a state of net loss to net profit.
Kenya gemfields

Fura Gems to acquire additional ruby licences in Mozambique

Fura Gems has entered into a share purchase agreement pursuant to which it will acquire a 100% interest in ruby prospecting licence No. 5572L in Mozambique.
Kagem Mining

All time record for auction of rubies

Pallinghurst has announced the results from an auction of rough rubies, held by Gemfields in Singapore, where revenue totalled US$71.8 million - an all-time record for Gemfields.
Kagem Mining

Mustang Resources to begin plant upgrades at Montepuez in June

ASX-listed Mustang Resources will begin plant upgrades at its Montepuez project in Mozambique in June aimed at doubling the current processing capacity.

Gemfields projects significant ruby output and long lifespan at Montepuez

Coloured gemstone miner Gemfields’ independent technical economic model, part of a Competent Persons Report for its 75% owned Montepuez ruby mine, reveals it will increase its mining capacity from 3.3 Mtpa to 5.6 Mtpa...

Pallinghurst’s Gemfields delivers sparkling results, sapphires next

Zambia/Mozambique - Pallinghurst Resources’ new ruby business Gemfields is delivering massive successes for the company, not only in emeralds but rubies as well. It hopes to break into the sapphire market as well. The company...