General
- Gemfields is a world leading supplier of responsibly sourced gemstones.
- We have mining operations in Zambia for emeralds and in Mozambique for ruby and pink sapphire.
- We have a proven track record of delivering a consistent supply of professionally sorted and graded rough coloured gemstones through a programme of private auctions.
Mozambique
- In June 2019 MRM held one mixed-quality auction in the period, in Singapore, achieving revenues of US$50.0 million.
- Total auction revenues at MRM since 2014 have surpassed US$500m.
- A total of 1.1 million carats of ruby and corundum were produced during the first half of 2019.
Zambia
- The three auctions held since the beginning of 2019 have taken Kagem’s total auction revenue since March 2009 to US$608 million.
- In the first half of 2019 gemstone production was 15.6 million carats of emerald and beryl.
- A decision was made to expand the Group’s emerald footprint and, accordingly, operations at Mbuva-Chibolele were resumed in late 2017.
Platinum Group Metals
- PPM has achieved over 5.0 fatality-free shifts.
- Sedibelo Platinum Mines has one of the world’s Top-5 resources bases, with over 100 million ounces.
Steel Making Materials
- GGL took the decision to fully realise its investment in Jupiter during the period, with the cash proceeds from the first phase of the transaction received in June 2019.
- The Company has received over US$30 million in combined share buy-backs and dividends from Jupiter since March 2017.
