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Gemstones News
URA starts production at Gravelotte emerald mine
By: Tasneem Bulbulia 29th April 2024 London-listed URA Holdings has started phased production at the Gravelotte emerald mine (GEM) in South Africa. Following the successful commissioning of the processing and sorting plants, phased production at GEM started, as scheduled, before the end of April. →
How 30 years of democracy has transformed South Africa's mining industry 
By: Martin Creamer 25th April 2024 South Africa’s 30 years of democracy has changed the character of this country’s mining industry profoundly, Minerals Council South Africa emphasised in a report that highlights the industry’s significant advance since the dawning of democracy in 1994. Importantly, South Africa’s highly regarded... →
Gemfields releases updated ‘G-Factor for Natural Resources’ figures
By: Tasneem Bulbulia 24th April 2024 London-listed Gemfields has announced updated ‘G-Factor for Natural Resources’ figures for the 12 months to December 31, 2023, and has also once again invited governance bodies, extractive companies, industry observers and host governments to adopt the ‘G-Factor for Natural Resources’ measure to... →
Minerals Council South Africa setting out to boost local demand for green hydrogen
By: Martin Creamer 17th April 2024 Minerals Council South Africa is focused on increasing the domestic demand for green hydrogen, which it sees as contributing to the kickstarting of the hydrogen economy in South Africa. “The applications that we’re looking at are stationary as well as mobility applications of using hydrogen... →
Use underground mines for electricity storage, optimise mine water use – Karst Hydro 
By: Martin Creamer 8th April 2024 South Africa’s many underground mines can be used as batteries that store the clean electricity that the water descending for cooling can provide. At the same time, the local community could end up with a utility that supplies them clean water along with a store of cheap and reliable green energy. →
Mines investing R46m to put an end to fall-of-ground fatalities 
By: Martin Creamer 5th April 2024 South Africa’s mining industry is investing R46-million in an action plan to eliminate fall-of-ground (FoG) fatalities. The FoG action plan is being implemented through Minerals Council South Africa with the assistance of its Rock Engineering Technical Committee, and supported by the South... →
Mechanical cutting is going to be key for mining going forward – Master Drilling
By: Martin Creamer 26th March 2024 Mechanical cutting, in which huge progress is being made, is going to be key for the mining industry going forward, Master Drilling CEO Danie Pretorius emphasised on Tuesday, when his Johannesburg Stock Exchange-listed company presented a dividend-yielding set of 2023 full-year results that... →
Gemfields generates healthy revenue from latest auction, posts lower headline earnings for 2023
By: Marleny Arnoldi 25th March 2024 Aim- and JSE-listed gemstones miner Gemfields has generated total auction revenue of $17-million for a rough emeralds auction held between March 5 and 22. The company offered 43 lots for sale, of which 40 were sold, at an average price of $4.45/ct. →
Gravelotte processing, sorting plant commissioning under way
By: Creamer Media Reporter 25th March 2024 London-listed gemstone miner URA Holdings has started commissioning of the processing and sorting plants at its Gravelotte emerald mine, in South Africa. "We are pleased to report that we are on track to first production before the end of April and the start of commission of the processing and... →
Grizzly emerald auction generates $19m in sales
By: Sabrina Jardim 22nd March 2024 Emerald producer Grizzly Mining’s latest international emerald auction, in Dubai, of medium- to high-grade rough emeralds recovered from its flagship Grizzly emerald mine, in Zambia, generated $19-million worth of sales. With 76 clients having attended, the auction saw a single exceptional 4 145... →
Expect digital unveiling, more innovation, greenness from 100-year-old mining-wired AECI
By: Martin Creamer 22nd March 2024 Mining explosives and chemicals company AECI, which turned 100 this week, will be unveiling a digital strategy for the mining market during the course of this year. It is also looking to become greener as it keeps innovation closest to its rapidly internationalising heart. →
Gemfields swings to a loss on PGM investment writedown, but gemstone business flourishes
By: Sabrina Jardim 22nd March 2024 Gemstone miner Gemfields has recorded its second highest yearly revenues in 2023, on the back of record prices being paid for its rough coloured gemstones sold at auction. Gemfields CEO Sean Gilbertson notes, however, that production of premium rough gemstones has been weaker at its two key... →
Stage set for mining explosives centenarian to capture global top-three spot
By: Martin Creamer 20th March 2024 The stage is set for proudly South African mining explosives trailblazer, AECI, to become the third biggest in its field globally by 2030, AECI Group chairperson Dr Khotso Mokhele told an enthusiastically applauding audience at the Johannesburg Stock Exchange (JSE), where the newly strategised... →
URA raises £475 000 for South African emerald mine
By: Creamer Media Reporter 27th February 2024 London-listed URA has raised £475 000 through the issue of 23.75-million shares at a price of 2p apiece to use as working capital for its 74%-owned Gravelotte emerald mine, in South Africa. "We are delighted to announce this successful institutional placing. This significant increase in their... →
Power aggregators seen as key accelerators of South African mining’s energy transition
By: Martin Creamer 13th February 2024 Many energy projects selling to one buyer, who in turn sells to many mines – this procurement model is seen as a key financial tool to accelerate the energy transition of South Africa’s mining industry. “We think the aggregator model can really accelerate the requirements of the mines to get... →
Permanent aerial mesh support, exoskeletons under scrutiny to make mining safer
By: Martin Creamer 9th February 2024 Minerals Council South Africa is looking at the possibility of promoting permanent aerial mesh support throughout the mining industry as part of its fall-of-ground action plan. The Minerals Council has a robust fall-of-ground action plan that targets several dimensions of the biggest contributor... →
Noise-induced hearing loss now highest priority mining health condition, Indaba hears
By: Martin Creamer 6th February 2024 Noise-induced hearing loss has displaced tuberculosis (TB) and silicosis as the top priority health threat in the South African mining industry. “I’m emphasising noise-induced hearing loss because the other diseases have gone down markedly whereas noise-induced hearing loss has not gone down as... →
WiMSA has strong presence at Mining Indaba
5th February 2024 Women in Mining South Africa (WiMSA) provides a free platform that supports and guides women's personal growth, leadership and career development in the South African mining industry. WiMSA was established in 2010 as a completely independent, volunteer-run non-profit organisation and exist... →
South Africa’s mining industry now 39% black-owned, Mining Indaba hears
By: Martin Creamer 5th February 2024 In 2004, the year South Africa’s far-reaching Mining Charter was first introduced, black ownership in South Africa’s globally recognised mining industry stood at a negligible 2%. This has now leapt nearly 20 times higher to approximately 39%, South Africa President Cyril Ramaphosa highlighted in... →
Optical sorter arrives at URA's Gravelotte mine
By: Creamer Media Reporter 31st January 2024 London-listed URA Holdings' Gravelotte emerald mine, in South Africa's Limpopo province, has taken delivery of an optical sorter – an important step in the mine's transition to operational status. The state-of-the-art optical sorter was manufactured by Angelon Electronics and packaged and shipped... →
Gemfields achieved its second-highest auction revenues ever in 2023
By: Creamer Media Reporter 29th January 2024 Gemstone miner Gemfields reports that auction revenues and pricing for both emeralds and rubies remain strong, with the company having earned auction revenues of $242-million in 2023 – the second-highest year in Gemfields' history despite the withdrawal of November 2023's auction of... →
Cadastre imminent, 2024 to be used as year to clear backlogs, says Minerals Minister
By: Martin Creamer 18th January 2024 The introduction of an electronic cadastral system to record and enable online access to mining data is imminent, Mineral Resources and Energy Minister Gwede Mantashe emphasised in an interview with Radio 702 host Clement Manyathela on Thursday. Mantashe disclosed to Manyathela that agreement had... →
Gwede Mantashe
Global mining commits to nature-positive future
By: Martin Creamer 18th January 2024 Global mining and metals companies have committed at Davos to take urgent action to support a nature-positive future by 2030 that promotes the health, diversity and resilience of species, ecosystems and natural processes. International Council of Metals and Minerals (ICMM) members have pledged... →
South Africa-linked mining luminaries advising on metals industry greening
By: Martin Creamer 17th January 2024 South Africa-linked mining luminaries are playing roles in an initiative to transform the metals industry with clean technology. Being targeted for metals is the elimination of energy-intensive smelters, toxic chemicals and strong acids. →
Ian Cockerill, Mark Cutifani and Tony O'Neill
Smart wristwatches to uplift mineworker well-being at Copper 360
By: Martin Creamer 16th January 2024 Computer programmes that use artificial intelligence (AI) to model orebodies and plan mines optimally have already been introduced by Copper 360, says the JSE AltX-listed Northern Cape copper mining company, which is developing the Rietberg copper mine, the first of a dozen copper mining assets... →
JSE presents opportunity for critical mineral miners to access capital
By: Martin Creamer 12th January 2024 Critical mineral demand is growing significantly at a time when South Africa has a pressing need to reawaken its public markets – two crucial needs that can be fulfilled in one go by companies raising capital on the Johannesburg Stock Exchange (JSE) to fund their entry into the critical minerals... →
Fabergé, Regent unveil new sea-themed egg
By: Darren Parker 14th December 2023 Jewelled egg maker Fabergé has introduced a new luxury egg called Journey in Jewels in partnership with Regent Seven Seas Cruises. The egg was unveiled at a gala event in Miami, Florida, on December 10, and is currently on display aboard Regent’s newest ship Seven Seas Grandeur. It is the first... →
Mining urged to embrace international council’s new Scope 3 emissions guidance
By: Martin Creamer 13th December 2023 All mining and metals companies are being urged to embrace new guidance on reducing Scope 3 emissions, which was published by the International Council for Mining and Metals (ICMM) on Wednesday. The guidance is a tool to assist mining companies in their engagement with the financial sector,... →
Gemfields earns $69.5m from latest ruby auction
By: Darren Parker 6th December 2023 Ruby and emerald miner Gemfields has announced that total auction revenues of $69.5-million were accrued after selling all 97 lots, comprising 239 591 ct of ruby, offered for sale at its latest auction of mixed-quality rough rubies. The average realised price of the rubies was $290.02/ct. →
South Africa’s community engagement ahead of global peers, manganese AGM hears
By: Martin Creamer 6th December 2023 The South African mining industry is years ahead of its international peers when it comes to local and community engagement, Australia-listed Jupiter Mines, which owns 49.9% of the Tshipi manganese mine in South Africa’s Northern Cape, has told its shareholders. The controlling shareholder of the... →
Greenfield investment lagging badly, mining’s contribution to economy halved
By: Martin Creamer 1st December 2023 The growth of investment in fresh new greenfield mining projects is lagging badly and the contribution of the South African mining industry to the national economy has more than halved in the last two decades, Minerals Council South Africa’s latest Facts and Figures 2022 points out. Net fixed... →
New Utshalo has potential to boost mining IPOs, enliven public markets
By: Martin Creamer 24th November 2023 South Africa has a pressing need to reawaken its public markets and the new Utshalo must be complimented for setting out to do just that. New mining capital raisings have become too few and far between, liquidity is drying up, and the delisting trend on the Johannesburg Stock Exchange (JSE) must... →
African Rainbow Minerals provides R20-million for Wits University research
By: Martin Creamer 23rd November 2023 Diversified mining company African Rainbow Minerals (ARM) is supporting postdoctoral research into water, energy and digitalisation at the University of the Witwatersrand (Wits) in Johannesburg. The investment is firmly located within the university’s mining precinct and dovetails with the... →
URA raises £1m to restart South African emerald mine
By: Creamer Media Reporter 21st November 2023 London-listed URA Holdings has raised £1-million in an accelerated bookbuild to restart operations at its 74%-owned Gravellotte emerald mine, in South Africa's Limpopo province. The funds were raised through the placing of 80-million new shares at a price of 1.25p each. →
Imperative that exploration plan be implemented as matter of urgency – Khoza
By: Martin Creamer 17th November 2023 If South Africa is not to be left out of the exploration boom, spurred by the immense mineral resources required to develop technologies needed to achieve net zero, it is imperative that the recommendations of South Africa’s Exploration Implementation Plan be implemented in full as a matter of... →
Renewables now critical part of metal mining thinking, says Sibanye-Stillwater
By: Martin Creamer 14th November 2023 Renewables have become a critical part of metal mining thinking, the Sibanye-Stillwater Battery Metals Investor Day 2023 audience heard on Tuesday. “If you look at electricity, renewables are expected to account for between 80% and 90% of global power generation. So, renewables have become a very... →
Approving outstanding permits could shift economy in 12-18 months, says Mzila Mthenjane
By: Martin Creamer 6th October 2023 If the 5 066 outstanding mining and exploration permits were approved, South Africa could begin to see a shift in the economy within 12 to 18 months, new Minerals Council South Africa CEO Mzila Mthenjane told this week’s Joburg Indaba. In response to questions put to him by ENSafrica’s COO Otsile... →
Conservation: if business-as-usual continues, world’s doomed – Oppenheimer conference hears
By: Martin Creamer 4th October 2023 World-renowned conservationist Jane Goodall reminded hundreds of scientists present at the 12th Oppenheimer Research Conference in Midrand that if the world carries on with a business-as-usual approach to conservation, the planet is doomed. “Forests, wetlands, peatlands grasslands, all of which... →
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