Islamic State has claimed responsibility for the attack on a ruby mine on 20 October, saying the company had “stolen the wealth of Muslims” and boasting of causing “great economic losses to the owners in India”
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Indian-owned Gemrock puts expansion plans ‘on back burner’ and warns ‘entire Mozambican ruby mining industry is at risk’
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An insurgent attack yesterday has put lucrative ruby mining on pause in Cabo Delgado, and could hit investor confidence in the longer term
Syrah Resources is celebrating a $220m grant for its US operation — but its graphite mine in Mozambique continues to be threatened by strike action and an encroaching insurgency
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Australian mining company New Energy Minerals has closed the sale of its ruby mining licences and concessions in Mozambique to Fura Gems, after halving the sale price and concluding what is understood to have been a dispute with Mozambique’s tax authorities
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