Gemfields asks Zambia to reverse emerald export tax
9 hours ago · Coloured gemstone producer Gemfields has asked the Zambian government to remove a recently re-introduced 15% export tax on emeralds to avoid hurting the sector. The southern African country, the world’s second largest emerald producer after Colombia, re-introduced the tax on Jan.1, after it was suspended in 2019.
Gemfields shares slide as Zambia reintroduces gemstone export …
1 day ago · Gemfields shares were in the red on Wednesday morning, after the company confirmed that the Zambian government had reinstated a 15% export duty on precious gemstones, effective from 1 January.
Gemfields faces 21% tax as Zambia reinstates export duty
1 day ago · Its return, Gemfields said, has added to an already substantial tax load. The company’s 75%-owned local subsidiary, Kagem Mining, will now shoulder an effective revenue tax of 21%, which ...
News and Announcements - Gemfields Group
Dec 3, 2013 · 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”) …
Gemfields says unrest could disrupt Mozambique ruby mine
Dec 24, 2024 · Gemfields Group said on Tuesday disruptions were possible at its largest ruby mine in Mozambique, after people torched buildings in villages nearby in escalating unrest linked to October's ...
Gemfields Faces Operational Challenges Amid Mozambique Unrest
Dec 27, 2024 · Gemfields has reported incidents of unrest in Mozambique affecting its Montepuez Ruby Mining Limitada operations, where illegal ruby miners, amid political instability, set fire to community...
News – Gemfields
Discover the latest news on coloured gemstone jewellery, Gemfields jewellery collaborations, community centred initiatives and our approach to responsible gemstone mining.
Gemfields Resumes Ruby Mining in Mozambique | National Jeweler
Dec 19, 2024 · Gemfields said there was a “staged attempted invasion” on the mine’s village, with a group of more than 200 individuals setting fire to buildings, including a community cash point. ... (AIM), a local news source, said Mondlane “demanded an end to all mining” until Jan. 15, ...
Gemfields to Temporarily Suspend Emerald Mining
Dec 24, 2024 · London—Gemfields announced Monday it plans to temporarily suspend mining operations at its Kagem emerald mine in Zambia alongside other initiatives designed to cut costs and streamline its business as the miner navigates several challenges.
Security Forces Kill Two Insurgents at Gemfields Mining Village
Dec 29, 2024 · Joint military and police forces protecting Gemfields’ Montepuez ruby mine (MRM) against attacks from rebels in Mozambique shot and killed two individuals involved in an attempt to invade the deposit.
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