ruby

Mozambique Mining: Gemrock acquires Regius Group to become 2nd largest ruby miner in-country

Posted on February 8, 2019February 8, 2019 by Mozambique Resources Post

Gemrock, an emerging company in the coloured gemstone mining industry acquires the entire portfolio of Regius Group including six ruby licenses in Mozambique.

Mozambique Mining: Fura Gems revises ruby asset purchase agreement

Posted on November 30, 2018 by Mozambique Resources Post

The purchase price of ruby assets in Mozambique by Canada’s Fura Gems from Australian companies Mustang Resources Ltd and Regius Resources Group Ltd has been reduced from 15 million to 7.8 million Australian dollars, the Canadian company said.

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: Illegal miners try their luck in the northern ruby rush

Posted on October 8, 2018 by Mozambique Resources Post

Deep inside a forest, sweating men haul earth out of rough excavation holes and carry it in bags on their backs to a stream.

Mozambique Mining: Ruby rush brings hell to country’s village

Posted on September 18, 2018September 18, 2018 by Mozambique Resources Post

Nearly a decade after rubies were first found in northern Mozambique, the discovery has proven a poisoned chalice, traditional local ruler Cristina Joaquim said.

Mozambique Mining: Ruby mining goes from ‘Wild West’ to big business

Posted on August 14, 2018 by Mozambique Resources Post

Sebastiao Pedro struck it lucky in 2014 when, as a 21-year-old small-scale miner, he found a large red ruby in northern Mozambique. He sold it to a buyer from Vietnam for $43,000, returned to his family 900 miles away and built a house with the proceeds.

Sustainability: NGOs propose plan to fight poverty in ruby-rich Namanhumbir

Posted on August 2, 2018August 2, 2018 by Mozambique Resources Post

Five civil society organisations, members of the Civic Coalition on the Extractive Industry (CCIE), yesterday proposed to the government the formulation and implementation of a Special Plan to Combat Poverty among the communities of the administrative post of Namanhumbir, Montepuez District, Cabo Delgado Province.

Mozambique Mining: Mustang Resources amends Arena financing for Montepuez graphite project

Posted on May 23, 2018 by Mozambique Resources Post

Ruby miner Mustang Resources has amended the terms of a A$19.95-million investment facility from US investor Arena Investors.

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.