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Going deep into Mozambique’s Cabo Delgado extremism To counter violent extremism in places such as Mozambique’s Cabo Delgado properly, it’s necessary to understand the root causes of such conflicts and how mining operations can worsen them Since October 2017, Cabo Delgado province in northern Mozambique has been the site of an escalating insurgency, led by Islamist militant group Ahlu Sunnah Wal Jammah (ASWJ), which has claimed the lives of about 1,500 people and displaced 310,000. On August 12 militants captured the port of Mocímboa da Praia, 60km south of the Afungi peninsula, where major liquid natural gas (LNG) export facilities are being developed for offshore reservoirs, reviving concerns about the effect of the conflict on LNG projects. ....
All things bright and beautiful Posted May 11, 2021 | By Arabella Roden • Editor The popularity of coloured gemstones continues to offer jewellers a spectrum of possibilities – and new innovations in supply chain transparency are making the sector even more desirable, writes ARABELLA RODEN. There is no denying the appeal of coloured gemstones. From the high jewellery of Paris Couture Fashion Week to Tiffany & Co.’s Blue Book Collection – the centrepiece of its annual design calendar – the spotlight in 2021 has been firmly focused on vibrant, vivid gemstones in every colour of the rainbow. Soothing yet magnetic hues of blue and green, captured in aquamarine and emerald, were emphasised at Tasaki and David Morris, while Bucherer painted a perfect pastel picture with soft pink and purple spinel and sapphire. ....
Gemfields reports highest auction revenue in five years By Dineo Faku Share JOHANNESBURG - GEMFIELDS, the London-headquartered supplier of coloured gemstones, reported the highest auction revenue in five years from Kagem, its Zambia-based emerald mine. Gemfields, which also operates Montepuez Ruby Mining in Mozambique, said 59 companies had placed bids generating $31.4 million (R445.84m), with an overall average of $115.59 a carat (R1 584.56) during five sequential mini-auctions held between March 15 and April 17. The group said its 37 auctions of emeralds and beryl mined at Kagem since July 2009 had generated $688.8m in total revenue. Managing director of products and sales Adrian Banks said through the auctions Kagem had generated the highest auction revenue since March 2016. ....
Gemfields Holds First Ruby Sale Since 2019 RAPAPORT. Gemfields brought in $58.9 million at its first auction of rough rubies in more than a year, expressing optimism as operations at its Mozambique mine gradually resumed. The miner held seven small sales of high-, medium- and commercial-quality goods between March 15 and April 8, noting on Thursday that its last ruby auction had been in December 2019. Viewings took place in Bangkok, Thailand, and in Jaipur, India, as well as in Dubai, followed by submissions of sealed bids through an online platform. Some 52 companies placed offers, with Gemfields selling 89 or 95% of the 94 lots available. By carat weight, 47% of items found buyers, it said. The average price was an unusually high $171 per carat, reflecting the quality mix of the stones that sold. ....