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Category: Emeralds

Kagem continues to spearhead transparency on tax in Zambia 1 Emeralds Mining in Zambia Mining tax 

Kagem continues to spearhead transparency on tax in Zambia

arnbethnic
Gemfields, which operates the Kagem emerald mine in Lufwanyama, has announced updated figures to the end of December 2022 for the ‘G-Factor for Natural Resources’, a measure promoting greater transparency regarding the level of natural resource wealth shared with the governments of host countries, whether from the mining, oil, gas, timber or fishing sectors, launched in July 2021. Gemfields once again invites governance bodies, mining organisations, industry observers and host governments to adopt the G-Factor for Natural Resources in order to improve transparency when it comes to the share of natural… Read More Here
Gemfield’s latest emerald auction included 37 kg “Kafubu Cluster” 2 Emeralds Mining in Zambia 

Gemfield’s latest emerald auction included 37 kg “Kafubu Cluster”

Johannsen
Gemfields has announced the results of an emerald auction comprising a series of five sequential mini auctions held during the period 30 October – 17 November 2022. The auction contained a selection of grades that are typically offered at Kagem Mining auctions of higher quality emeralds. In addition, the auction included a 37kg special interest piece called the “Kafubu Cluster”. The auction lots were made available for in-person and private viewings by customers in Bangkok. Following the viewings, the auctions took place via an online auction platform specifically adapted for… Read More Here
Zambia has moved from world’s number 3 emerald producer to number 1 3 Emeralds Mining in Zambia 

Zambia has moved from world’s number 3 emerald producer to number 1

arnbethnic
• Zambia is now home to the world’s number one emerald mine which is Kagem mine.• In addition to that, Africa has become the number one exporter of emeralds. Emeralds and Semi-Precious Stones Mining Association of Zambia (ESMAZ) has disclosed that Zambia has moved from being the world’s third-biggest producer of emeralds to number one. Speaking during the Association’s Annual General Meeting, ESMAZ President Victor Kalesha stated that Zambia is now home to the world’s largest emerald mining giant, which is Kagem mine, following the high level of marketing which… Read More Here
Gemfields launches jewellery collaboration featuring Kagem Zambian emeralds 4 Emeralds Mining in Zambia 

Gemfields launches jewellery collaboration featuring Kagem Zambian emeralds

arnbethnic
LUFWANYAMA, ZAMBIA – Kagem’s parent company Gemfields has unveiled a new partnership with emerald specialist brand House of Meraki to showcase a jewellery collection that features emeralds sourced from the Lufwanyama-based mine. The exquisite creations of Zambian emeralds from the collection, named J’aime, feature earrings, from dainty studs to stylish hoops – as well as rings, bracelets, necklaces and pendants, which pair delicate emeralds with 18k yellow gold, and occasionally diamond and pearls. Kagem is believed to be the world’s single largest producing emerald mine; it is 75% owned by Gemfields, in a… Read More Here
Kagem unveils colossal 37kg cluster of emeralds 5 Emeralds Mining in Zambia 

Kagem unveils colossal 37kg cluster of emeralds

Copperbelt Katanga News
LUFWANYAMA, ZAMBIA – Lufwanyama-based Kagem Mining continued to put Zambia’s gemstones at the forefront of world demand this week as it unveiled a giant 37kg cluster of emeralds. The team’s find – named the Kafubu Cluster –  is expected to be the most expensive single emerald piece ever sold by the company when it comes up for auction this month, generating foreign exchange for the nation as proceeds are repatriated to Zambia. Geologists at Kagem have “freed the emerald crystals from their host rock.” The result is a large mass, filled with… Read More Here
Gemfields anticipates more than 50% increase in net profit 6 Gemstones Emeralds Mining in Zambia 

Gemfields anticipates more than 50% increase in net profit

Copperbelt Katanga News,
Gemfields believes it is reasonably certain that its net profit after tax will be US$56.7 million for the six months ending 30 June 2022, comparative to a six-month period of US$23.8 million. Gemfields’ two key operating assets, MRM and Kagem, generated revenues of US$95.6 million and US$85.2 million respectively during the six-month period to 30 June 2021. 2022 saw the group return to its normal auction schedule of two emerald auctions and one ruby auction in the first half of the year. Following on from the strong auction results in… Read More Here
Kagem emerald mine employs its first female heavy equipment operators  7 Mining in Zambia Emeralds Gemstones 

Kagem emerald mine employs its first female heavy equipment operators 

arnbethnic
LUFWANYAMA, ZAMBIA – Four Zambian women have taken their seats behind the wheel of heavy equipment trucks at the Kagem emerald mine in Lufwanyama – the first women to take on the traditionally male-dominated job at the mine. The move is the latest development at the world’s single largest producing emerald mine, which prides itself on producing responsibly sourced gemstones under its ethos of transparency, legitimacy, and integrity. “We welcome our newest recruits to the mine and are confident they will perform well as part of our team of hard-working operatives who… Read More Here
Copperbelt Minister tours Kagem 8 Emeralds Mining in Zambia 

Copperbelt Minister tours Kagem

arnbethnic
LUFWANYAMA, ZAMBIA – The Copperbelt Province Minister Hon. Elisha Matambo undertook a familiarisation tour of Kagem Mine in Lufwanyama District recently. The minister, who was accompanied by the Copperbelt Province Permanent Secretary Augustine Kasongo and other officials, was impressed with Gemfields’ investment in the emerald mine and applauded its management’s professionalism.  Meanwhile, Kagem Mine General Manager Mr. Sanjeev Kumar noted that the mine’s CSR expenditure had made a significant difference to the lives of people in the communities around the mine. He added that the company also plans to build a… Read More Here
Kagem renews support for the Copperbelt University<br> 9 Mining in Zambia Emeralds Environment Social Governance (ESG) 

Kagem renews support for the Copperbelt University


arnbethnic
KITWE, ZAMBIA – Further consolidating its goal of providing support for the most critical social sectors in Zambia, such as education, Kagem Mining Ltd has signed a Memorandum of Understanding (MoU) with the Copperbelt University (CBU) to ensure its continued support for the university through a scholarship programme, amongst other forms of assistance. Through the MoU, Kagem will provide scholarships to students from CBU’s School of Mines and Mineral Sciences that will cover tuition fees, medical, upkeep and book allowances, while also providing the university with staff assistance, equipment, consultancy, industrial projects,… Read More Here
Emeralds for Zambia 10 Emeralds Mining in Zambia 

Emeralds for Zambia

admin
The global shutdowns following the outbreak of Covid-19 threw a spanner in the works for companies in virtually every industry. But, when a company’s only means of selling their products is getting 150 people into an auction room for five days, it spelled disaster. For international gemstone miner Gemfields – which owns 75% of Kagem Emerald Mine, located 33km south-southwest of Kitwe in Zambia’s Copperbelt Province – sales dropped to nearly zero. Now, with the gavel once again pounding in international auction rooms and revenues climbing, the standstill of the pandemic has… Read More Here

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