Incorporated in Guernsey. Guernsey registration number:
47656
South
African external company registration number:
2009/012636/10
Share
code on JSE:GML / AIM:GEM
ISIN: GG00BG0KTL52
| LEI: 21380017GAVXTCYS5R31
("Gemfields" or the "Group" or the "Company")
Update regarding Mozambique
unrest
LONDON, 24 DECEMBER 2024
On Monday 23 December 2024, the
Mozambican Constitutional Council issued its decision regarding the
October 2024 election. News of the ruling has given rise to further
unrest in Mozambique.
Gemfields has several operations in
Mozambique's northernmost province of Cabo Delgado, the largest
being Montepuez Ruby Mining Limitada in Mozambique ("MRM") and
which is 75% owned by Gemfields.
The Company's priority remains the
safety and security of its employees, contractors and community
members. Based on the trajectory of the ongoing situation, there
may be interruptions to MRM's mining operations resulting from this
unrest.
In the areas surrounding MRM, groups
associated with the illegal mining and trading of rubies have taken
advantage of the political unrest.
In Namanhumbir, a village
immediately adjacent to MRM's principal residential village and
infrastructure ("MRM Village"), the instigators set fire on 23
December 2024 to:
a. the Namanhumbir
police station;
b. the offices of MRM's
Operational Grievance Mechanism;
c. the MRM
community centre; and
d. the community radio
centre built by MRM.
In the village of Nanune, a water
borehole providing water to community members and MRM Village was
sabotaged, cutting off the water supply.
In the village of Wikupuri, some 5km
east-northeast of MRM Village, and which was constructed ab initio
by MRM as a resettlement village, the instigators set fire
to:
a. the Wikupuri
police station;
b. the residence of
police commander; and
c. the
administrative offices of Namanhumbir district.
The Company continues to closely
monitor the evolving situation and will provide further updates as
necessary.
-ENDS-
Further
information on Gemfields Group Limited can be found at:
GEMFIELDSGROUP.COM
To join
our investor mailing list, please contact us on:
ir@gemfields.com
For any
press enquiries, please contact Helena and Albertina:
helena.choudhury@gemfields.com
/ albertina.namburete@gemfields.com
ENQUIRIES
|
GEMFIELDS
|
Sean Gilbertson / David Lovett / Ian
Hughes
ir@gemfields.com
T: +44(0) 20 7518 3400
|
|
SPONSOR (JSE)
|
Investec Bank Limited
|
|
NOMINATED ADVISER
(AIM) & BROKER
|
Panmure Liberum
Scott Mathieson / Kieron Hodgson / Amrit Mahbubani / John
More
T: +44(0)
20 3100 2222
|
|
GEMFIELDS HEAD OFFICE PR,
LONDON
|
Helena Choudhury / Albertina
Namburete
helena.choudhury@gemfields.com
/ albertina.namburete@gemfields.com
|
|
ADDITIONAL INFORMATION ON
GEMFIELDS
|
|
Gemfields is a world-leading
responsible miner and marketer of coloured gemstones. Gemfields is
the operator and 75% owner of both the Kagem emerald mine in Zambia
(believed to be the world's single largest producing emerald mine)
and the Montepuez ruby mine in Mozambique (one of the most
significant recently discovered ruby deposits in the world). In
addition, Gemfields also holds controlling interests in various
other gemstone mining and prospecting licences in Zambia,
Mozambique, Ethiopia and Madagascar.
Gemfields' outright ownership of
Fabergé - an iconic and prestigious brand of exceptional heritage -
enables Gemfields to optimise positioning, perception and consumer
awareness of coloured gemstones through Fabergé designs, advancing
the wider group's "mine and market" vision.
Gemfields has developed a
proprietary grading system and a pioneering auction platform to
provide a consistent supply of coloured gemstones to downstream
markets, a key component of Gemfields' business model that has
played an important role in the growth of the global coloured
gemstone sector.
|
GEMFIELDS
GEMFIELDS.COM
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