R/€ = 15.94 Change: -0.37
R/$ = 13.76 Change: -0.33
Au 1275.19 $/oz Change: -5.11
Pt 868.50 $/oz Change: -16.98


Pallinghurst receives just under 86% acceptances for Gemfields offer

By: Anine Kilian     4th July 2017 JSE-listed diversified miner Pallinghurst Resources has received valid acceptances in respect of about 268-million Gemfields shares representing about 48.30% of the existing issued share capital of Gemfields. Together with about 209-million Gemfields shares representing 37.64% of the existing... 

Pallinghurst share price leaps on value unlock outline

By: Martin Creamer     19th May 2017 The share price of mining investment fund Pallinghurst leapt in Johannesburg after the company outlined its plans to swop its investment fund shawl for a diversified miner’s mantle, unlock value through full absorption of its coloured gemstone associate and target a possible listing of the... 

Gemfields achieves ‘mixed’ results in Q3; withdraws from Colombia, Sri Lanka operations

By: Anine Kilian     12th May 2017 Aim-listed Gemfields’ 75%-owned Kagem mine in Zambia produced 4.5-million carats of emerald and beryl during the quarter ended March 31. This was three-million carats less than the same period last year, with Gemfields attributing the lower output to inclement weather during the period. It is... 

Analysts paint sparkling picture of coloured gemstone market

By: Ilan Solomons     28th April 2017 The shift from small-scale artisanal mining to larger mechanised mining, owing to the increasing involvement of larger mining companies and greater formalisation of the sector, is expected to increase the distribution channel of the coloured gemstone industry, which will continue to consolidate... 

Gemfields’ Q2 emerald output nearly halves

By: Anine Kilian     6th February 2017 Production of emerald and beryl at Aim-listed Gemfields’ 75%-owned Kagem mine, in Zambia, nearly halved to 4.7-million carats in the three months to December 31, compared with the 8.2-million carats produced in the three months to December 2015. CEO Ian Harebottle said the mine experienced a... 

Gemfields advances mine-to-market strategy with Fabergé acquisition

By: Mariaan Webb     21st November 2012 London-listed gemstone miner Gemfields on Wednesday announced the proposed acquisition of luxury goods brand Fabergé, advancing its mine-to-market strategy. The company, which mines emeralds and amethysts in Zambia and owns interests in ruby and sapphire deposits, is buying Fabergé in a deal... 

Pallinghurst to raise R800m, eyes copper investment

By: Natasha Odendaal     11th June 2012 JSE-listed Pallinghurst on Monday launched a R800-million rights offer to support and expand its four current investment platforms and enter into a fifth investment. Between R324-million and R404-million of the rights offer's proceeds would be invested into a new investment platform.... 


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