Mustang Resources begins bulk sampling at new area
Initial manual test pitting at the new licence has already yielded results.
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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Some of the small cap stories on the Proactive newswire today
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Gemfields management team fights back against takeover bid from Pallinghurst Resources
Gemfields minority investors have accused Pallinghurst Resources of being “opportunistic" in its bid to takeover the gemstone company
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Gemfields slumps as independent directors advise against takeover offer from Pallinghurst
Gemfields said a review by independent directors determined a takeover bid from Pallinghurst Resources "significantly undervalues" the company
FTSE 100 closes lower as election worries dent sentiment
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Mustang Resources bolsters ranks ahead of first ruby auction
Peter Spiers was managing director of Orbis Gold, acquired for 98% premium.
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Proactive weekly mining news – Gemfields, Ariana Resources, Sirius Minerals…
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Gemfields receives nil-premium bid from main shareholder Pallinghurst
The firm says it is reviewing the 'unsolicited' approach from Pallinghurst
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Petrofac plunges on news of Serious Fraud Office investigation
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Gemfields turns focus to high quality assets as it withdraws from Coscuez and Sri Lanka
Gemfield is making improvements to operational efficiencies and cutting operating costs at its Kagem mine in Zambia
FTSE 100 closes at record high after third-straight week of gains
At the close, the UK blue chip index was up 0.7%, or 48.8 points at 7,435.4, not far below its all-time record of 7,447.0
Mustang Resources sets a date to cash in on gems
The company now has a set date for cash flow generation.