Gemfields Cautiously Restarts Mine Following Insurgency

By Leah Meirovich / October 25, 2022 / www.diamonds.net / Article Link

RAPAPORT... Gemfields will resume basic mining operations at its Montepuez ruby deposit in Mozambique following an evacuation due to a rebel attack at a neighboring site.Key personnel have returned to the site and all mining and processing will be restarted in phases as the company assesses the threat in each license area, it said Tuesday. Security workers and the Mozambique police have been stationed at the mine since Thursday, when the incident occurred at a neighboring deposit belonging to Gemstar, located 12 kilometers away. Later that day, the military arrived. All three will remain at Montepuez for the foreseeable future, Gemfields said."Gemfields holds the health and safety of their employees and contractors as their highest priority," the company said. "[We] remain in a state of high alert and maintain regular dialogue with government authorities."Image: Rubies from the Montepuez mine in Mozambique. (Gemfields)

Recent News

Bullish bankers and bearish institutions split on gold forecasts

July 01, 2024 / www.canadianminingreport.com

Gold stocks down on flat metal price and mixed equities

July 01, 2024 / www.canadianminingreport.com

Snowline Gold reports Initial Resource Estimate

June 24, 2024 / www.canadianminingreport.com

Inflation subsiding and rate cuts starting internationally

June 24, 2024 / www.canadianminingreport.com

Inflation rebound continues to reverse

June 17, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok