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Mbuva-Chibolele Data

Related News

  • Gemfields posts higher FY profits as production shines 2016-09-26
    Significant operational progress at Aim-listed Gemfields’ 75%-owned mining assets in Zambia and Mozambique have translated into strong financial output in the year ended June 30. The gemstone miner on Monday posted a profit after tax of $23.5-million for the year under review, up 91% on the $12.3-million recorded in the prior year.
  • Gemfields achieves record price per emerald carat at auction 2016-04-04
    Aim-listed Gemfields has achieved a record price per higher-quality carat at its latest emerald auction, held in Lusaka, from March 30 to April 3. Revenue of $33.1-million was generated through the sale of 469 000 ct of predominantly higher-quality rough emeralds extracted by 75%-owned Kagem Mining, in Zambia.
  • Legal, illegal Mozambique rubies and legal Angola diamonds in the spotlight 2016-01-29
    Mozambican mining company Montepuez Ruby Mining Limitada has made public its concerns about unfair competition by illegal miners. The company operates a ruby and corundum mine at Namanhumbir in the Montepuez district, which lies in the southern region of Cabo Delgado Province. It is 75%-owned by British (London Stock Exchange AIM-listed) enterprise Gemfields and 25% by local business Mwiriti Limitada.
  • Gemfields delivers maiden mineral resource, ore reserve estimates for Kagem 2015-09-23
    Coloured gemstones miner Gemfields has produced the first measured mineral resource and proven ore reserve statement for its 75%-owned Kagem emerald mine, in Zambia. The company on Wednesday said a Competent Persons Report (CPR), produced by consulting firm SRK Consulting, had shown a Joint Ore Reserves Committee-compliant measured, indicated and inferred mineral resource of 1.8-billion carats of emerald and beryl at an in-situ grade of 281 ct/t at Kagem.
  • Gemfields targets prospects in Colombia 2015-09-10
    Aim-listed coloured gemstones miner Gemfields has entered into binding agreements to acquire controlling interests in two emerald projects in the Boyacá state, in Colombia.   It was seeking to a acquire a 70% interest in a Colombian company that would eventually hold a mining contract over the Coscuez emerald mine. Located on the Muzo formation, the Coscuez licence covered 47 ha, with the Coscuez mine having been in operation for over 25 years.

Mbuva-Chibolele Information

  • General 2015-05-10
    The mine was closed in 2008 and all mining equipment and management moved to the Kagem mine. The intention is possibly still to return to Mbuva-Chibolele at some stage in the future. The directors anticipate that the selling prices of emeralds could improve over time as a result of Gemfields' overall marketing and coloured gemstone strategy and this could make Mbuva-Chibolele profitable.

Nearby Locations

Nearby Location News

  • Gemfields achieves record price per emerald carat at auction 2016-04-04
    Aim-listed Gemfields has achieved a record price per higher-quality carat at its latest emerald auction, held in Lusaka, from March 30 to April 3. Revenue of $33.1-million was generated through the sale of 469 000 ct of predominantly higher-quality rough emeralds extracted by 75%-owned Kagem Mining, in Zambia.
  • Gemfields delivers maiden mineral resource, ore reserve estimates for Kagem 2015-09-23
    Coloured gemstones miner Gemfields has produced the first measured mineral resource and proven ore reserve statement for its 75%-owned Kagem emerald mine, in Zambia. The company on Wednesday said a Competent Persons Report (CPR), produced by consulting firm SRK Consulting, had shown a Joint Ore Reserves Committee-compliant measured, indicated and inferred mineral resource of 1.8-billion carats of emerald and beryl at an in-situ grade of 281 ct/t at Kagem.
  • China's CNMC says followed the law in closing Zambian copper mine 2015-09-14
    China's CNMC Luanshya Copper Mines followed Zambian law when it closed the Baluba mine and sent more than 1 600 workers on forced leave due to plunging prices and energy shortages, the company said on Monday. Zambia had threatened to revoke Luanshya's mining licence if the company did not reinstate workers.
  • Gemfields lifts FY output 2015-08-12
    Aim-listed Gemfields’ 75%-owned Kagem emerald mine, in Zambia, delivered 8.1-million carats of emerald and beryl in the quarter ended June 30, lifting output for the full 2015 financial year to 30.1-million carats of emerald and beryl. This was comparable with the 6.2-million carats of emeral and beryl produced in the fourth quarter of the previous year, which boosted 2014 full-year output to 20.2-million carats of emerald and beryl.
  • Gemfields sees almost threefold increase in quarterly emerald output 2015-04-14
    Gemstone producer Gemfields has almost tripled the production of emerald and beryl from its flagship Kagem mine, in Zambia, lifting production from 3.6-million carats in the quarter ended March 31, 2014, to a robust 9.9-million carats in the three months ended March 31, 2015. The company, which holds a 75% stake in the mine, outlined in a market update on Tuesday that the quarter saw a healthy increase in the overall quantity and quality of emerald and beryl produced from Kagem, validating its belief that the “fluid nature” of emerald mineralisation ideally required the grade to be evaluated on at least a 12-month rolling average basis.

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