Browsing: Gemrock

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”

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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