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Gemfields shares slump as Pallinghurst gets enough support to de-list the miner
Pallinghurst needed 75% of Gemfields investors to back its takeover in order to de-list the miner, support it now has
Company
Gemfields Group Limited
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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