montepuez ruby mining

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.

Mozambique Mining: Ore reserves at Montepuez rise to 42.2Mt

Posted on December 6, 2018 by Mozambique Resources Post

The ore reserves at Battery Minerals’ Montepuez graphite project, in Mozambique, have increased to 42.2-million tonnes at 9.3% total graphitic carbon (TGC) for 3.9-million tonnes of graphite.

Mozambique Mining: Fura Gems raises $5.25 million for gemstone operations

Posted on November 27, 2018 by Mozambique Resources Post

Fura Gems Inc. said Monday November 26 that it is proceeding with a $5.25 million private placement that will be used to fund development of the company’s emerald and ruby assets in Colombia and Mozambique.

Mozambique Mining: Fura Gems obtains another licence to prospect for rubies in Cabo Delgado

Posted on July 27, 2018 by Mozambique Resources Post

Canadian company Fura Gems has signed an agreement to acquire 100 percent of a licence to prospect for rubies in the Montepuez district of Cabo Delgado province in northern Mozambique, the company announced in a statement released on Thursday.

Mozambique Mining: “Montepuez Ruby Mining presents flawed justifications, questionable data”- CIP reports

Posted on May 22, 2018May 22, 2018 by Mozambique Resources Post

Montepuez Ruby Mining (MRM) sent a letter dated May 3, 2018 where it says that “the [previous] CIP report is not accurate in certain very relevant information that lead the reader to ambiguous inferences.” In parallel to the publication of the MRM letter, CIP produced this complementary note that aims to answer the points raised by MRM and inform the public, because the letter from the mining company presents flawed justification and questionable data.

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.

Mozambique Mining: Mustang to delay Montepuez plant upgrade to focus on second ruby tender

Posted on November 2, 2017 by Mozambique Resources Post

Mustang Resources will delay the planned plant upgrade at its Montepuez ruby mine, in Mozambique, which will reduce the company’s expenditure and allow it to focus on preparations for its second tender.

Mozambique Mining: Gemfields shares collapse on imminent delisting

Posted on June 28, 2017June 28, 2017 by Mozambique Resources Post

Shares in Gemfields (LON:GEM) got hammered Tuesday after Pallinghurst Resources, the firm largest shareholder, revealed it has secured support to push ahead with its plans to de-list the emerald and ruby miner.

Mozambique Mining: Montepuez Ruby Mining reports US$58.8Mi in revenues from rubies auction in Singapore

Posted on June 21, 2017 by Mozambique Resources Post

A new auction of rubies mined in Mozambique held in Singapore allowed Montepuez Ruby Mining, Lda to obtain revenues of US$54.8 million, said the company, which is a partnership that is 75% owned by Gemfields and the remaining 25% by Mozambique’s Mwiriti. Lda.

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