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Gemfields Group ( (PLLHF) ) has shared an update.
Gemfields Group Limited reported an incident at its Montepuez Ruby Mining operation in Mozambique, where two police officers were killed by illegal miners. The attack is believed to be linked to a prior investigation by district immigration authorities. Despite the incident, no employees or contractors were harmed, and operations have remained stable. The company is actively engaging with Mozambican authorities to ensure the safety and security of its personnel and local communities.
More about Gemfields Group
Gemfields Group Limited is a leading miner of colored gemstones, dual-listed on the Johannesburg and London AIM stock exchanges. The company operates and holds a 75% ownership in Kagem Mining in Zambia and Montepuez Ruby Mining in Mozambique, both significant sources of emeralds and rubies, respectively. Gemfields is known for its proprietary grading system and auction platform, which have revolutionized the colored gemstone industry. The company is committed to responsible mining practices, community development, and conservation efforts.
Find detailed analytics on PLLHF stock on TipRanks’ Stock Analysis page.