14th Feb 2023 10:58
Gemfields Group Ltd - London-headquartered gemstones supplier - Says its subsidiary Nairoto Resources Ltda has ceased operations following an insurgency attack in the Cabo Delgado province, Mozambique. Nairoto Resources, in which Gemfields owns 75% stake, starts evacuating its operational employees and contractors. Says there is no impact on operations at Montepuez Ruby Mining Ltda, another Mozambican business in which is also hold 75%.
Gemfields says the attack attributed to insurgents took place shortly before midnight on Sunday.
Current stock price in London: 17.20 pence, down 5.8% on Tuesday
12-month change: up 7.5%
Current stock price in Johannesburg: ZAR3.71, down 4.4%
12-month change: up 19%
By Artwell Dlamini, Alliance News reporter
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