May 19, 2017

Pallinghurst announces a restructuring of the group including an offer to acquire the minority interests of Gemfields plc

Pallinghurst was founded in September 2007 as a limited life mining investment fund to source and develop new value accretive mining projects. This phase of Pallinghurst’s development has now been achieved with three key assets successfully developed. These include:  Gemfields – a leading supplier of responsibly sourced coloured gemstones;  Tshipi – one of the lowest cost manganese producers in the world; and  Sedibelo – a large scale open pit PGM mining operation in South Africa.