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Gemfields is a world-leading supplier of responsibly sourced 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 licenses in Zambia, Mozambique, Ethiopia and Madagascar. Gemfields outright ownership of Fabergé - an iconic and prestigious brand of exceptional heritage - enables Gemfields to optimise positioning, perception and consumer awareness of coloured gemstones, advancing the wider group s mine and market vision.
Investor Relations Manager +44 20 7399 1105 Liberum Capital Limited Adviser and Corporate Broker +44 20 3100 2000 This announcement contains inside information. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
About us: Zanaga Iron Ore Company Limited ( ZIOC or the Company ) (AIM ticker: ZIOC) is the owner of 50% less one share in the Zanaga Iron Ore Project based in the Republic of Congo (Congo Brazzaville) through its investment in its associate Jumelles Limited. The Zanaga Iron Ore Project is one of the largest iron ore deposits in Africa and has the potential to become a world-class iron ore producer.
Ncondezi is an African power development company with an advanced staged, integrated 300MW thermal coal power plant and mine project located in the Tete Province, Northern Mozambique. The Company is focused on providing reliable, affordable and accessible baseload energy to Mozambique and secure against the effects of water drought and intermittency of new renewables. This project supports Mozambique s energy strategy of universal electricity access by 2030. According to the World Bank, only 30% of the Mozambican population had access to energy in 2017. The Ncondezi Project would provide 300MW of reliable and available power helping to close the infrastructure gap of the region and serving as a catalyst for economic development.
Switch-on for Monklands new electric vehicle chargers
Two of the area s Project Pace facilities are now in use by motorists, with another five to follow in the coming weeks.
New electric vehicle charging points are to be installed across Airdrie and Coatbridge (Image: Stuart Vance/Airdrie and Coatbridge Advertiser)
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LONDON, 18 DECEMBER 2020 Gemfields shareholders are advised that the Company has released updated information about its sales, costs and cash position up to and including 11 December 2020 (unless otherwise stated). The information can be found on the Company s website at www.gemfieldsgroup.com . At 11 December 2020, the Gemfields Group had cash balances of approximately USD 44.3 million, a gross debt position of USD 58.9 million, a resulting net debt position of approximately USD 14.6 million and, in addition, USD 12.0 million of auction receivables due from auction customers. As a result of the cost saving measures implemented across the group, monthly cash operating expenditure has dropped from approximately USD 12.1 million per month (the monthly average during the year to 31 December 2019) to an average of below USD 5.0 million per month in the 3 months ending 30 November 2020.