4th Jun 2025 15:13
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.
First announced in 2021, Gemfields shares its 'G-factor" annually in an effort to promote greater transparency and accountability over the level of natural resource wealth shared with the host country's government. "Gemfields' 2024 G-factor for natural resources figures highlight the contrasting contributions that a mining company can make to its host country depending on the prevailing operating and market conditions," Gemfields Chief Executive Officer Sean Gilbertson says.
Current stock price in Johannesburg: ZAR1.07, down 1.8% on Wednesday afternoon
12-month change: down 66%
Current stock price in London: 4.18 pence, down 1.6%
12-month change: down 66%
By Artwell Dlamini, Alliance News reporter
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