Red-letter day for Gemfields with record R1.5bn at ruby auctions

JSE-listed mining company Gemfields has netted a record $95.6 million (around R1.5 billion) at a range of auctions in Bangkok over the past three weeks. The gemstones were all extracted from the Montepuez Ruby Mining Limitada (MRM) mine in northern Mozambique, in which Gemfields has a 75% stake. MRM is believed to be the most … Continue reading Red-letter day for Gemfields with record R1.5bn at ruby auctions