REG - Gemfields Group Ltd - Update regarding Mozambique unrest

GemfieldsAnnouncement

24/12/2024 09:00

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RNS Number : 2787R  Gemfields Group Limited  24 December 2024

Incorporated in Guernsey. Guernsey registration number: 47656

South African external company registration number: 2009/012636/10

Share code on JSE:GML / AIM:GEM

    ISIN: GG00BG0KTL52   |   LEI: 21380017GAVXTCYS5R31

("Gemfields" or the "Group" or the "Company")

 

Update regarding Mozambique unrest

LONDON, 24 DECEMBER 2024

On Monday 23 December 2024, the Mozambican Constitutional Council issued its
decision regarding the October 2024 election. News of the ruling has given
rise to further unrest in Mozambique.

Gemfields has several operations in Mozambique's northernmost province of Cabo
Delgado, the largest being Montepuez Ruby Mining Limitada in Mozambique
("MRM") and which is 75% owned by Gemfields.

The Company's priority remains the safety and security of its employees,
contractors and community members. Based on the trajectory of the ongoing
situation, there may be interruptions to MRM's mining operations resulting
from this unrest.

In the areas surrounding MRM, groups associated with the illegal mining and
trading of rubies have taken advantage of the political unrest.

In Namanhumbir, a village immediately adjacent to MRM's principal residential
village and infrastructure ("MRM Village"), the instigators set fire on 23
December 2024 to:

a.    the Namanhumbir police station;

b.   the offices of MRM's Operational Grievance Mechanism;

c.    the MRM community centre; and

d.   the community radio centre built by MRM.

In the village of Nanune, a water borehole providing water to community
members and MRM Village was sabotaged, cutting off the water supply.

In the village of Wikupuri, some 5km east-northeast of MRM Village, and which
was constructed ab initio by MRM as a resettlement village, the instigators
set fire to:

a.    the Wikupuri police station;

b.   the residence of police commander; and

c.    the administrative offices of Namanhumbir district.

The Company continues to closely monitor the evolving situation and will
provide further updates as necessary.

 

-ENDS-

 

 

 

Further information on Gemfields Group Limited can be found at:

 GEMFIELDSGROUP.COM (http://WWW.GEMFIELDSGROUP.COM)

 

To join our investor mailing list, please contact us on:
ir@gemfields.com (mailto:ir@gemfields.com)

 

For any press enquiries, please contact Helena and Albertina:
helena.choudhury@gemfields.com (mailto:helena.choudhury@gemfields.com) /
albertina.namburete@gemfields.com (mailto:albertina.namburete@gemfields.com)
 

 

 

 

ENQUIRIES

 

 

 GEMFIELDS                         Sean Gilbertson / David Lovett / Ian Hughes

                                   ir@gemfields.com (mailto:ir@gemfields.com)

T:  +44(0) 20 7518 3400
 SPONSOR (JSE)                     Investec Bank Limited
 NOMINATED ADVISER                 Panmure Liberum

(AIM) & BROKER
Scott Mathieson / Kieron Hodgson / Amrit Mahbubani / John More
                                   T: +44(0) 20 3100 2222
 GEMFIELDS HEAD OFFICE PR, LONDON  Helena Choudhury / Albertina Namburete

                                   helena.choudhury@gemfields.com (mailto:helena.choudhury@gemfields.com) /
                                   albertina.namburete@gemfields.com (mailto:albertina.namburete@gemfields.com)

 ADDITIONAL INFORMATION ON GEMFIELDS

 Gemfields is a world-leading responsible miner and marketer of 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
 licences 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 through Fabergé designs,
 advancing the wider group's "mine and market" vision.

 Gemfields has developed a proprietary grading system and a pioneering auction
 platform to provide a consistent supply of coloured gemstones to downstream
 markets, a key component of Gemfields' business model that has played an
 important role in the growth of the global coloured gemstone sector.

 

 

GEMFIELDS

GEMFIELDS.COM (https://gemfields.com/) (https://gemfields.com/) | INVESTORS
(https://www.gemfieldsgroup.com/) (https://www.gemfieldsgroup.com/)
|FOUNDATION (https://www.gemfieldsfoundation.org/)

INSTAGRAM (https://www.instagram.com/gemfields/)
(https://www.instagram.com/gemfields/) | FACEBOOK
(https://www.facebook.com/Gemfields/) (https://www.facebook.com/Gemfields/) |
X (https://x.com/GemfieldsLtd?lang=en) | YOUTUBE
(https://www.youtube.com/channel/UCArCE0JFtakTP-tHq6v0KVg)

 

FABERGÉ

FABERGÉ.COM (https://www.faberge.com/) | INSTAGRAM
(https://www.instagram.com/officialfaberge/)
(https://www.instagram.com/officialfaberge/) | FACEBOOK
(https://www.facebook.com/OfficialFaberge)
(https://www.facebook.com/OfficialFaberge) | X (https://x.com/OfficialFaberge)
(https://x.com/OfficialFaberge) | YOUTUBE
(https://www.youtube.com/user/officialfaberge)

 

KAGEM MINING LINKEDIN (https://www.linkedin.com/company/kagem-mining-ltd)

MONTEPUEZ RUBY MINING LINKEDIN
(https://www.linkedin.com/company/montepuez-ruby-mining)

 

 

 

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