Gemfields’ Zambia mine to restart focused openpit mining
JSE- and Aim-listed Gemfields Group announced that Kagem Mining, the emerald mine in Zambia which is 75% owned by Gemfields and 25% owned by the government through the Industrial Development Corporation of Zambia (IDC), will shortly start a programme of focused openpit mining to recover more premium emeralds. Alongside other cost-cutting measures, Kagem suspended all mining from January 1 to focus on processing ore from Kagem’s significant ore stockpile using the operation’s upgraded processing plant.
JSE- and Aim-listed Gemfields Group announced that Kagem Mining, the emerald mine in Zambia which is 75% owned by Gemfields and 25% owned by the government through the Industrial Development Corporation of Zambia (IDC), will shortly start a programme of focused openpit mining to recover more premium emeralds. Alongside other cost-cutting measures, Kagem suspended all mining from January 1 to focus on processing ore from Kagem’s significant ore stockpile using the operation’s upgraded processing plant.
