gemfields

Mozambique Mining: Gemfields to pay $8.3 mn to settle Montepuez torture & murder claims

Posted on January 29, 2019January 29, 2019 by Mozambique Resources Post

Gemfields has agreed to pay $8.3 mn to settle 273 claims of killings, severe beatings and house burnings related to the Montepuez ruby mines, the company announced today. Importantly, it has agreed an independent grievance panel which can award compensation for any future claims.

Africa Mining: Zambian revenue authority clears Gemfields’ Kagem mine

Posted on December 19, 2018December 19, 2018 by Mozambique Resources Post

Coloured gemstone miner Gemfields said on Tuesday that the Zambian Revenue Authority (ZRA) had cleared its Kagem mine, following a recent tax investigation.

Africa Mining: Gemfields finds 1.1 kg emerald at Kagem in Zambia

Posted on October 30, 2018October 30, 2018 by Mozambique Resources Post

The world’s biggest emerald miner has found a gem that weighs more than 1.1 kg at its mine in Zambia.

Africa Mining: Zambia tax authority goes after Gemfields

Posted on August 20, 2018 by Mozambique Resources Post

Precious gemstones miner Gemfields revealed Friday the Zambia’s Revenue Authority (ZRA) had served the company with two search warrants for its Kagem emerald mine, as part of a probe into alleged tax evasion.

Africa Mining: Gemfields’ operation in Ethiopia under siege by armed groups

Posted on August 20, 2018 by Mozambique Resources Post

Precious gemstones miner Gemfields denounced this week that there has been a significant influx of firearm-bearing illegal miners and handlers at its majority-controlled emerald bulk-sampling operations in southern Ethiopia.

Africa Mining: Gemfields nets $71.8m with Singapura rough rubies auction

Posted on June 12, 2018 by Mozambique Resources Post

Pallinghurst Resources’ Gemfields subsidiary sold about 95% of its lots on offer at an auction of rough rubies held in Singapore last week.

Africa Mining: Pallinghurst sells 56% of carats on offer at Zambia auction

Posted on May 22, 2018 by Mozambique Resources Post

Pallinghurst Resources, which owns 100% of Gemfields, has sold 56% of the carats on offer at an auction of higher-quality rough emeralds held in Lusaka, Zambia.

Mozambique Mining: Gemfields talks up ‘responsibility’ amid lawsuit over alleged human rights abuses

Posted on May 2, 2018 by Mozambique Resources Post

Precious gemstones miner Gemfields is stepping up efforts to increase transparency across the entire supply chain amid fresh allegations of human rights abuses at its Montepuez ruby mine in Mozambique, which has cost it a lawsuit filed last week in London’s High Court.

Mozambique Mining: Gemfields reveals and denies fresh human rights abuse claims

Posted on February 14, 2018 by Mozambique Resources Post

Pallinghurst Resources’s precious gemstones miner Gemfields is standing up to disturbing allegations of human rights abuses at the company’s Montepuez ruby mine in Mozambique, and disclosed it’s now target of a legal claim on behalf of 29 locals. The company, the world’s top coloured gems producer, accounting for roughly a third of the global supply of emeralds and rubies, revealed that human rights law firm Leigh Day had lodged a claim against the company and its Mozambican…

Mozambique Mining: Gemfields earns record $55m in latest ruby auction

Posted on November 13, 2017 by Mozambique Resources Post

Pallinghurst Resources’ Gemfields subsidiary has generated $55-million in revenue from an auction of rough rubies. The auction, which was held in Singapore from November 6 to 10, generated the highest revenues ever attained at a Gemfields auction.

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