Spotlight | Southern Africa
Gemfields scales back emerald and ruby ambitions in southern Africa

Gemfields CEO Sean Gilbertson at the African Mining Indaba 2022 conference in Cape Town, South Africa, 11 May 2022.
Gemfields CEO Sean Gilbertson at the African Mining Indaba 2022 conference in Cape Town, South Africa, 11 May 2022. © Shelley Christians/Reuters
The world leader in coloured gemstones has scaled back operations in Zambia and Mozambique after disappointing auctions. In Madagascar, the British group is no longer welcome in the sapphire sector after it brought a corruption case against an adviser to Andry Rajoelina. [...]
Reading time 4 minutes
Read also

Madagascar
Gemfields: anatomy of a deal on hold

The UK mining group looked set to become a key player in Madagascar's gemstone sector until its talks with the government were abruptly interrupted amid accusations of bribery and corruption. Africa Intelligence has had access to documents that retrace the chronology of the negotiations and reveal details of a project whose future is highly uncertain.

LogoSubscribers only Mining, Business 05.12.2023

Sign up for real-time alerts and be notified of new editions!  

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!