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IN BRIEF: Gemfields operations go on despite insurgency in Mozambique

20th Jul 2022 08:43

Gemfields Group Ltd - London-headquartered gemstones supplier - Says operations of Montepuez Ruby Mining Limitada, in which it holds a 75% interest, continue with heightened "vigilance" amid insurgent activity in Mozambique.

It says an attack, attributed to the Cabo Delgado insurgency last Wednesday, occurred at a closer proximity to the operations of Montepuez Ruby Mining Limitada than prior incidents. The attack reportedly took place in the Muaja village area. A large number of people are reportedly relocating to Nanhupo and Namanhumbir, where the mining operations are located.

Johannesburg current stock price: ZAR3.00, unchanged on Wednesday

12-month change: up 54%

London current stock price: 14.20 pence, down 2.1%

12-month change: up 34%

By Artwell Dlamini; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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