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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
- London close: Stocks mixed in quiet post-Christmas trade
27 Dec 2024 - LONDON MARKET MIDDAY: Stocks red ahead of US trade balance read
27 Dec 2024 - SMALL-CAP WINNERS & LOSERS: Kenmare ups security at Mozambique mine
27 Dec 2024 - LONDON MARKET OPEN: Lower start after mixed US jobs data
27 Dec 2024 - LONDON BRIEFING: Stocks seen down as holiday sales stabilise
27 Dec 2024 - Gemfields expects "normal" operations in Mozambique before year-end
27 Dec 2024 - Two killed in further unrest near Gemfields Mozambique venture
27 Dec 2024 - Gemfields says operations could be hit by Mozambique unrest
24 Dec 2024
Related News
Mozambique tightens grip on mining with 15% state stake rule, local processing
* Mozambique pushing for local processing, joining African peers
Latest Gemfields emerald auction generates $26.8m
(Sharecast News) - Gemfields said on Friday that its latest auction of higher-quality emeralds generated $26.8m, with demand described as stable but c...
Gemfields Grou. News
London close: Stocks mixed in quiet post-Christmas trade
(Sharecast News) - London markets closed on a mixed note Friday in subdued trading, as the ongoing holiday period kept activity light with little news...
LONDON MARKET MIDDAY: Stocks red ahead of US trade balance read
(Alliance News) - Stock prices in London were mostly lower at midday on Friday as market participants continue digesting US jobless data and unrest in...
SMALL-CAP WINNERS & LOSERS: Kenmare ups security at Mozambique mine
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.
LONDON MARKET OPEN: Lower start after mixed US jobs data
(Alliance News) - Stock prices in London opened mostly lower on Friday, following a mixed weekly employment report from the US.
LONDON BRIEFING: Stocks seen down as holiday sales stabilise
(Alliance News) - The FTSE 100 index in London was called slightly lower on Friday, as investors digest holiday-season sales results in the US and UK.
Gemfields expects "normal" operations in Mozambique before year-end
(Alliance News) - Gemfields Group Ltd on Friday said it expects operations at its Montepuez Ruby Mining Ltda to return to normal before end of this ye...
Two killed in further unrest near Gemfields Mozambique venture
(Sharecast News) - Gemfields updated the market on the unrest in Mozambique on Thursday, reporting two deaths as "illegal" ruby mining groups exploite...
Gemfields says operations could be hit by Mozambique unrest
(Sharecast News) - Gemfields said on Tuesday that there could be interruptions to its mining operations in Mozambique due to civil unrest.
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