Gemfields reports unrest at Mozambique ruby mine

Published 12/27/2024, 03:06 PM
GMLJ
-

LONDON - Gemfields Group Limited (JSE:GML / AIM:GEM) has reported incidents of unrest near its ruby mining operations in Mozambique, according to a company statement. On Sunday, the company's community buildings in Namanhumbir, near Montepuez Ruby Mining Limitada's (MRM) main residential area, were set ablaze by individuals linked to illegal ruby mining amidst political turmoil in the region.

The following day, over 200 persons attempted to breach the MRM Village, resulting in the destruction of additional external structures, including a community cash point. Mozambican police and military forces intervened, escalating force to protect the village. In the conflict, two individuals were fatally shot and later pronounced dead at the Montepuez district hospital.

In response to the heightened risk, Gemfields temporarily relocated some personnel, but maintained a significant on-site presence. The phased return of staff began on Thursday, and the company aims to resume normal operations by year-end.

Additionally, the vocational training center in Wikupuri, also established by MRM and operated by the Institute for Vocational Training and Labor Studies (IFPELAC), was looted and damaged twice on the same day. Items stolen included farming supplies intended for over 800 local farmers as part of MRM's sustainable livelihood initiatives.

Gemfields expressed a commitment to contributing to peace and prosperity in Mozambique and stated that it would continue to monitor the situation closely, with further updates to be provided as necessary.

This report is based on a press release statement from Gemfields Group Limited.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.