Company
LON:GEM
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.
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A look at some of the major movers in the small-cap world this week
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Bacanora Lithium (LON:BCN) – Ganfeng exercises option to increase investment in Sonora Lithium project Chaarat Gold* (LON:CGH) - BUY – Production guidance reiterated after Armenia/Azerbaijan agree to a ceasefire Endeavour Mining (CVE:EDV) –
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The emerald and ruby miner was taken private by its major shareholder in July 2017
Investments and investor services
The FTSE 100 closed up around 92 points at 7,182. FTSE 250 also gained..
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Trading updates from Glaxo, Standard Chartered and Next are likely to be the highlights
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Aside from the oil majors, the slew of blue-chip updates due in the coming week will include global banks HSBC and Standard Chartered, and drugs firms GlaxoSmithKlne and Shire
Notably, significant interest has been received from renowned international jewellery brands.
The Caula Graphite Vanadium Project could achieve first production by mid-2019.
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Diamond is fifth largest ever found and might be worth more than US$40mln says brokers
It was another summerish week for the mining sector.
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A glance at some of the stories on the Proactive newswire today
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Gemfields shareholders who have not yet accepted the Pallinghurst offer might as well do so now
Ruby demand is being driven from Asia, U.S. and Europe.
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A galnce at thestories on teh Proactive Newswire today
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The firm's shares are set to be de-listed from AIM on 28 July
A look a the biggest risers and fallers of London's small cap stocks
Rubies are the most expensive gem stone after diamonds.
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A glance at some of the stories on the Proactive newswire today
