The ruby mining operation in Montepuez, in the northern Mozambican province of Cabo Delgado, has signed three loan facilities with two Mozambican banks totalling $45 million to allow the company to increase production at the mine. Montepuez Ruby Mining (MRM) is 75%-owned by London-listed Gemfields, and 25% by Mwiriti Limitada, a Mozambican company belonging to…...
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