Editor’s Note
Gemfields reports its second ruby processing plant in Mozambique is nearing completion, with operations set to begin in August 2025. The facility is expected to triple processing capacity, remaining on budget despite delays pushing final completion to September.
Gemfields Group Limited’s Montepuez Ruby Mine’s second processing plant in Mozambique is 95% complete and is expected to produce its first rubies in August 2025.
The new plant is designed to triple MRM’s ore processing capacity from 200 tons per hour to 600 tons per hour. It is reportedly materially on budget, despite facing several challenges that have delayed the final completion until September 2025.
According to the company’s market update, the delays stem from:
– Difficulties in obtaining work permits for specialist electrical component installation.
– Transportation issues, including damage to a key transformer during transit.
– Security problems related to illegal mining activities in northern Mozambique.
The company also reported that its Kagem Emerald Mine in Zambia has resumed limited production at two points in the Chama pit with minimal waste mining, as previously announced on May 8.
Additionally, Gemfields stated it continues to explore strategic options for its wholly-owned luxury brand Fabergé, following the completion of a rights issue that temporarily paused the process.
