Gemfields Halts Ruby Mining Amid Mozambique Insurgency
Gemfields halts ruby mining amid Mozambique insurgency. It was reported that Gemfields Group, a company that mines precious gems, announced on Thursday that it had halted operations at its Montepuez ruby mine in Mozambique's Cabo Delgado province after an assault was reported at a facility in the surrounding area.
Gemfields said in a statement:
This morning, an attack attributed to insurgent activity has been reported at the neighboring ruby mine belonging to Gemrock, which lies approximately 12 kilometers (7.46 miles) south-east of the operations... in which Gemfields holds a 75% interest.
The Production Of Rubies Following All Of The Tragic Events
Since it began in 2017, an insurgency linked to Islamic State has been active in the northern province of Cabo Delgado in Mozambique. This insurgency has been responsible for the deaths of thousands of people and the disruption of multibillion-dollar natural gas and mining projects.
COPYRIGHT_BER: Published on https://www.bernardine.com/gemfields-halts-ruby-mining-amid-mozambique-insurgency/ by Barbara Mitchell on 2022-10-31T02:48:05.765Z
Three Ruby Mining Operations at Montepuez, Mozambique
Gemfields reported that it had begun the process of evacuating its employees and contractors, but that the Mozambican police and security personnel would remain on site. According to the report, Mozambican military personnel was making their way to the location.
Gemfields reported an attack in July that was approximately 30 kilometers (19 miles) away from its Montepuez operations, but the company did not halt operations as a result of the attack.
Since 2014, the Montepuez ruby mine owned by Gemfields has generated more than $800 million in revenue thanks to the production of 83,990 carats of premium rubies in 2021.