Gemfields says Montepuez operations in Mozambique under fire
16th Oct 2025 15:42
(Alliance News) - Gemfields Group Ltd said on Thursday operations at its new processing plant in Mozambique came under renewed attack this week. Read More
(Alliance News) - Gemfields Group Ltd said on Thursday operations at its new processing plant in Mozambique came under renewed attack this week. Read More
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - 'Mini-auction' of Mozambican rough rubies from Montepuez Ruby Mining Ltda raises USD11.0 million in revenue. The auction was held in Bangkok on Monday to Friday last week. Gemfields says 62% of the 297,449 carats of rubies on offer were sold at an average price of USD59.43 per carat. MRM is 70% owned by Gemfields and 30% by Mozambican partner Mwiriti Ltda. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Friday. Read More
(Alliance News) - European stocks rounded off the week in the green on Friday, as US President Donald Trump introduced 100% tariffs on pharmaceutical products and investors digested Thursday's positive US gross domestic product reading. Read More
(Alliance News) - Gemfields Group Ltd on Friday described its interim financial performance as "disappointing", after incurring a loss due to a slump in auction revenue and skipping a dividend. Read More
(Alliance News) - Gemfields Group Ltd reported on Tuesday it expects to swing to loss in the first half of 2025 due in part to a slump in auction revenue. Read More
(Alliance News) - Stock prices in Europe opened largely higher on Friday, looking set to round off a positive week for equities with another gain. Read More
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Generates revenue of USD32.0 million at an emerald auction held between August 25 and September 11, 2025, nearly doubled from USD16.1 million in November 2024. But the latest auction is down 8.5% from USD35.0 million at auction held in May 2024. Average realised price of USD160.78 per carat in September, up from USD113.96 in November 2024. Emeralds were extracted from Zambian-based Kagem Mining Ltd, which is 75% owned by Gemfields. Read More
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Confirms that it completed the disposal of Faberge Ltd to SMG Capital LLC on Friday. Gemfields previously announced on August 11 that it had agreed to sell its entire interest in Faberge for USD50 million, with USD45 million payable on completion and the remaining USD5 million comprising quarterly revenue payments. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday. Read More
(Alliance News) - Equities in Europe opened mixed on Monday, with the FTSE 100 outperforming, ahead of key US data on Tuesday and talks between Donald Trump and Vladimir Putin later in the week. Read More
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Agrees to sell its entire interest in luxury brand Faberge Ltd to SMG Capital LLC for USD50 million. Says USD45 million is payable to Gemfields on completion of the sale, expected on August 28. The remaining USD5 million is payable to Gemfields by way of quarterly royalty payments at a rate of 8% of Faberge's revenue. The disposal is not expected to be subject to regulatory or any other approvals. Read More
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Total auction revenue is USD60 million for the first half of 2025, halved from USD121 million a year earlier. Says the construction of Montepuez Ruby Mining Ltda's second processing plant in Mozambique is nearing completion and remains materially on budget. First ruby production is expected next month. Anticipates full completion in September. Read More
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Appoints Louis du Preez as a non-executive director, with immediate effect. Du Preez's appointment follows regulatory due diligence and the approval of shareholders at the annual general meeting on Wednesday. He fulfils the role of chief finanial officer of Ibex Holdings, and has served on the boards of KAP Industrial Holdings Ltd and Pepkor Holdings Ltd, among others. Read More
(Alliance News) - Gemfields Group Ltd on Friday said it has delayed the completion of its second ruby plant in Mozambique, citing work permit difficulties, transport hiccups, and illegal mining. Read More
(Alliance News) - Gemfields Group Ltd on Monday reported USD31.7 million in revenue from the auction of mixed-quality rubies in June, down from GBP68.7 million in the same month of 2024. Read More
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Raises USD30 milion, about ZAR538.3 million, after equity rights issue. Receives acceptances for 458.3 million new shares, representing about 82.4% of shares that will be issued following the rights issue. The remaining 97.9 million shares will be subscribed for by underwriters. Gemfields had said on Wednesday it planned to issue 556.2 million shares to raise about USD30 million. New shares were admitted to trade on AIM on Friday. Read More
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Says the "G-factor for natural resources" figures for the Kagem emerald mine in Zambia now stand at 20% for the 10-year period from 2015 to 2024, compared to 21% from 2014 to 2023. Over this period, "G-factor" for the Montepuez ruby mine in Mozambique stands at 25%, from 24%. The "G-factor for natural resources" shows the percentage of natural resource revenue paid to the government of the country from which the resource is derived. Read More