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GEMFIELDS GROUP LIMITED - Renewal of Kagem Mining Licence

Release Date: 30/12/2019 09:00
Code(s): GML     PDF:  
 
Wrap Text
Renewal of Kagem Mining Licence

GEMFIELDS GROUP 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        LEI: 21380017GAVXTCYS5R31
("Gemfields" or the "Company")


Renewal of Kagem Mining Licence


Gemfields is pleased to announce that the Government of the Republic of Zambia has renewed Kagem Mining
Limited’s (“Kagem”) emerald mining licence. The renewal gives Kagem the right to continue mining emeralds for a
period of 25 years to April 2045.



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
To join our press release mailing list, click here: gemfields@gemfields.com
For any press enquiries please contact us on investor.relations@gemfields.com

London
30 December 2019

JSE Sponsor:
Investec Bank Limited

Date: 30-12-2019 09:00:00
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