Gemfields Group Limited (JSE:GML)
Gemfields Group Limited (JSE:GML), formerly Pallinghurst Resources Limited, is a world-leading supplier of responsibly sourced gemstones.
The Company’s main objective is to carry on the business of an operating mining company. It does so through the following assets:
Kagem Mining Limited (Emerald)
The world’s single-largest producing emerald mine. The 41 square kilometre licence area is located in the Ndola Rural Emerald Restricted Area and lies south of Kitwe and west of Ndola, in Zambia’s Copperbelt Province. It is 75% owned by Gemfields and 25% owned by the Government of the Republic of Zambia. The mine comprises three open pits.
Montepuez Ruby Mining Limitada (Ruby)
The Montepuez ruby deposit is located in the northeast of Mozambique within the Cabo Delgado Province, believed to be the most significant recently discovered ruby deposit in the world, covering an area of 34,966 hectares. MRM is 75% owned by Gemfields and 25% owned by local Mozambican minority partner, Mwriti Limitada.
Fabergé is one of the world’s most recognised luxury brand names, underscored by a well-documented and globally respected heritage. As a wholly owned subsidiary of Gemfields, Fabergé provides direct access to the end-consumer of coloured gemstones through directly operated boutiques and international wholesale partners, and boosts the international presence and perception of coloured gemstones through its consumer-focussed marketing campaigns.
Web Gemstone Mining plc (Emerald)
Gemfields owns 75% of Web Gemstone Mining plc (“WGM”), a company that holds a 200-square-kilometre emerald exploration licence in southern Ethiopia. Exploration activity began in June 2015 in an area to the north of the licence, called the Dogogo Block. The area was selected based on favourable geological settings and evidence of past artisanal activity.
Sedibelo Platinum Mines Limited
Sedibelo is a single contiguous operation with shallow resources of approximately 70 million 4E PGM (platinum, palladium, rhodium and gold) ounces. Together with its other assets, Sedibelo Platinum Mines Limited (“Sedibelo Platinum Mines”, “Sedibelo” or “SPM”, formerly Platmin Limited) has a total resources base of some 100 million ounces, making it one of the world’s significant PGM asset owners which can extract its shallow resources in a safe and sustainable manner.
Gemfields Group Limited is incorporated in Guernsey and listed on the Johannesburg Stock Exchange and London AIM Stock Exchange.