News and Announcements

Kariba Update & MRM Monthly Operational Market Data to 31 August 2018

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On 9 November 2018, Gemfields Canada Inc. (a 100% subsidiary of Gemfields) agreed to sell its 50% stake in Kariba Minerals Ltd (“Kariba”), the Zambian amethyst mine, to ZCCM Investments Holdings plc (“ZCCM”). The Company is set to receive USD 2,500,000 in consideration for the disposal of its shares to ZCCM. The transaction is subject to various administrative steps and regulatory approvals, including from the Zambian Competition and Consumer Protection Commission and the Zambian Ministry of Mines. The transaction is currently expected to complete early in Q1 2019. As part of the agreement, Gemfields has agreed to discharge all outstanding sums owed by Kariba to the Company.

Singapore Emerald Auction Results

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Gemfields is pleased to announce the results of an auction of higher quality rough emeralds held in Singapore from 14 – 17 November 2018. The emeralds were extracted by Kagem Mining Ltd in Zambia (“Kagem”, which is 75% owned by Gemfields and 25% by the Industrial Development Corporation of Zambia). The proceeds of this auction will be fully repatriated to Kagem in Zambia, with all royalties due to the Government of the Republic of Zambia being paid on the full sales prices achieved at the auction.

Director’s dealings

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In compliance with paragraph 3.63 – 3.66 of the JSE Listings Requirements, the following information is disclosed by the Company:

Director’s dealings

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Comment0
In compliance with paragraph 3.63 – 3.66 of the JSE Listings Requirements, the following information is disclosed by the Company:

Director’s dealings

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Comment0
In compliance with paragraph 3.63 – 3.66 of the JSE Listings Requirements, the following information is disclosed by the Company:

Director’s dealings

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Comment0
In compliance with paragraph 3.63 – 3.66 of the JSE Listings Requirements, the following information is disclosed by the Company:
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