GEMFIELDS GROUP LIMITED - Kariba Update & MRM Monthly Operational Market Data to 31 August 2018

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

GEMFIELDS GROUP LIMITED 
(formerly Pallinghurst Resources Limited) 
(Incorporated in Guernsey) 
(Guernsey registration Number: 47656) 
(South African external company registration number 2009/012636/10) 
Share code on the BSX: GML.BH      ISIN: GG00BG0KTL52 
Share code on the JSE: GML 
("Gemfields" or the "Company")  
 

Kariba Update & MRM Monthly Operational Market Data to 31 August 2018   
 
Kariba Update 
 
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. 
 
The Company’s decision to dispose of its stake in Kariba is in line with the Company’s strategy of focusing on 
rubies, emeralds and sapphires.   
 
MRM Monthly Operational Data 
 
Gemfields shareholders are referred to the SENS announcement on 10 October 2018 and are advised that its 
business related and operational results and financial position up to and including August 2018 are now available 
on a monthly-basis for its 75% owned Montepuez ruby mine. The operational results can be found on the 
Company’s website www.gemfieldsgroup.com.  
 
Shareholders are advised that all figures are approximated and are unaudited for which the directors assume 
full responsibility.  
  
Shareholders are reminded that the full competent person’s report (CPR) for Montepuez Ruby Mining Limitada 
is currently under review by the JSE and will be released on the Company’s website once approved. The monthly 
figures for Gemfields’ 75% owned Kagem emerald mine and Fabergé up to and including August 2018 are also 
available on the Company’s website www.gemfieldsgroup.com.  
 
Additional information on Gemfields  
 
Gemfields is a world leading supplier of responsibly sourced 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 licenses 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, advancing the 
wider group’s “mine and market” vision. 
 
Gemfields has developed a proprietary grading system and a pioneering auction and trading platform to provide 
a consistent supply of coloured gemstones to downstream markets, a key component of Gemfields’ business 
model and has played an important role in the growth of the global coloured gemstone sector. 
 
Further information on Gemfields Group Limited can be found at www.gemfieldsgroup.com. 
 
For any press enquiries please contact us on investor.relations@gemfields.com.  
 
Guernsey 
10 December 2018 

Sponsor 
Investec Bank Limited 

Date: 10/12/2018 01:22:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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