JSE- and Aim-listed Gemfields delivered record group revenue and a healthy growth in operating profit in the year ended December 31, 2019; however, the fallout from Covid-19 is expected to have an adverse impact on the company’s operating and financial…
Healthy 2019 profits, cash generation to help Gemfields through Covid-19 Read More »
Nonprofit association, the International Coloured Gemstone Association (ICA), has launched an Accredited Ethical Member programme (AEM) – an online questionnaire – which, upon completion, will recognise ICA members for their responsible, ethical and su…
Questionnaire launched to recognise responsible, ethical and sustainable members Read More »
Gemstone miner Gemfields expects a significant detrimental impact on its operations, revenues and business during 2020 and possibly beyond from the Covid-19 pandemic. As of March 30, all but critical operations at the Kagem emerald mine, in Zambia, hav…
Covid-19 causes considerable impact to Gemfields Read More »
JSE-listed Gemfields expects its net profit after tax for the year ended December 31, will be $39.1-million compared with a net loss after tax of $60.4-million in the 2018 financial year. In rand terms, the net profit after tax is expected to be R565-…
Gemfields records profit, warns of auction uncertainty Read More »
Gemfields Group’s Mozambican ruby operation said attackers torched its vehicle, less than a month after 11 people died when parts of a mine pit they had forcefully accessed collapsed on them. A “large group” ambushed the truck on February 22 with picka…
Gemfields Mozambique’s ruby unit reports attack on workers Read More »
JSE- and Botswana-listed Gemfields on Friday also started trading on the Aim market of the LSE.
At the time of admission, the company’s total issued share capital consisted of 1.2-billion ordinary shares, of which 96-million were held by the company …
Gemfields’ shares start trading on London’s Aim Read More »
Zambian miner Kagem Mining has signed a collective agreement with unions that will result in unionised employees receiving a 10% increase in basic salary for 2020 and a further 10% increase for 2021. The collective agreement followed successful negotia…
Kagem signs wage agreement with unions Read More »
Gemstone miner Gemfields intends to seek admission to trade on the Aim market of the LSE. The company does not intend to raise capital in conjunction with the admission, which it expects will become effective on February 14.
Gemfields seeking admission to London’s Aim market Read More »
Aim-listed Richland’s share price on Monday fell about 26% to 0.11p apiece after it announced an equity raising of about £150 000.
The company placed 105-million new common shares with certain new investors at an issue price of 0.10p apiece.
Richland raises £150k while reverse takeover pends Read More »
The Zambian government has suspended a 15% export duty on precious gemstones, excluding diamonds, JSE-listed Gemfields said on Thursday.
The suspension was announced the government gazette last week, and will take effect from January 1, 2020.
Gemfie…
Zambia drops precious gemstone export duty Read More »
