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Gemfields first ruby auction generates $33.5 mln
June 18 (Reuters) - Precious stones miner Gemfields Plc said its inaugural ruby and corundum auction held inSingapore generated revenue of $33.5 million.
Gemfields, which mines rubies from its Montepuez deposit inMozambique, said the average realised price was $18.43 per caratfor the auction held during June 12-17.
Aggregate consolidated revenue from rough gemstone sales forthe year ending June 30 now exceeded $143 million, the companysaid. The London-listed miner produces about a fifth of theworld's rough emeralds. (Reporting by Karen Rebelo in Bangalore; Editing by GopakumarWarrier)
Latest GEM News
- Johnston Press chairman buys again
21 Mar 2011 - Small caps round-up: Advanced Power, Gemfields, FW Thorpe
17 Mar 2011 - Small caps round-up: Air Partner, Gemfields, Regenersis...
31 Jan 2011 - Surge in Gemfields' production
22 Nov 2010 - Thursday tips round-up: Marston's, Greggs, Cranswick
7 Oct 2010 - Gemfields profit after liability write-back
6 Oct 2010 - Gemfields July Auction Sales Of $7.5M
28 Jul 2010 - London close: Footsie slips back
22 Feb 2010
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Mozambique's new mine ownership rules could deter foreign investment, industry body says
VICTORIA FALLS, Zimbabwe, June 18 (Reuters) - Mozambique's new law requiring the state to have a 15% stake in all mining ventures could deter forei...
Mozambique tightens grip on mining with 15% state stake rule, local processing
* Mozambique pushing for local processing, joining African peers
Gemfields Grou. News
Johnston Press chairman buys again
Johnston Press chairman Ian Russell has nearly doubled his stake in the local newspaper publisher. Russell acquired 1.3m shares at 7.65p each, takin...
Small caps round-up: Advanced Power, Gemfields, FW Thorpe
First half pre-tax profit at Advanced Power Components - the electronic components group - has more than doubled from £42,000 to £100,000, due to redu...
Small caps round-up: Air Partner, Gemfields, Regenersis...
Aviation group Air Partner says that trading has remained positive in the six months to date and the interim results are likely to be ahead of expecta...
Surge in Gemfields' production
Gemstones miner Gemfields has achieved record production in the three months to September 2010 but chief executive Ian Harebottle warns that productio...
Thursday tips round-up: Marston's, Greggs, Cranswick
Marston's is for those who enjoy an old-fashioned pint and an old-fashioned pub company. Marston's shares sell on about ten times' earnings for the ye...
Gemfields profit after liability write-back
Gems miner Gemfields made its first ever profit in the year to June 2010, although it had a little help from the release of a provision. It swung fr...
Gemfields July Auction Sales Of $7.5M
LONDON (Dow Jones)--Gemfields PLC (GEM.LN), said Wednesday that its July 2010 rough emerald auction realizes sales of $7.5 million, the highest auctio...
London close: Footsie slips back
Footsie struggled to find any sense of direction on a quiet day's trading, closing slightly in the red. Bunzl showed a healthy rise as the market was...
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