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Montepuez ruby mine

Gemfields halts Mozambique operations after attack at nearby ruby mine

Oct 20 (Reuters) - Precious gem miner Gemfields Group GEMGE.L, GMLJ.J has stopped operations at its Montepuez ruby mine in Mozambique's Cabo Delgado province after an attack was reported at a nearby facility, it said on Thursday.
Reuters
Mozambique's Ruby Rush Goes From `Wild West' to Big Business A truck travels along a mine pit at Gemfields Group Ltd.s ruby mine near Montepuez in Mozambique, on Wednesday, June 13, 2018. Montepuez is home to the worlds biggest known ruby deposit. Photographer: Matthew Hill/Bloomberg via Getty Images

"This morning, an attack attributed to insurgent activity has been reported at the neighbouring ruby mine belonging to Gemrock, which lies approximately 12 kilometres (7.46 miles) south-east of the operations... in which Gemfields holds a 75% interest," Gemfields said in a statement.

Mozambique's northern Cabo Delgado province has seen an Islamic State-linked insurgency that has claimed thousands of lives since it broke out in 2017, disrupting multibillion-dollar natural gas and mining projects.

Gemfields said it had started evacuating employees and contractors, but security personnel and Mozambican police would remain on site. Mozambique military were arriving on site, it added.

In July, Gemfields reported an attack about 30 kilometres (19 miles) away from its Montepuez operations, but did not halt operations.

Gemfields' Montepuez ruby mine produced 83,990 carats of premium rubies in 2021 and has generated over $800 million in sales since 2014.

(Reporting by Nelson Banya Editing by Jan Harvey and Mark Potter)

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Katharine Ambrose 20 October 2022 08:26 PM

Just what mocambique needs to recover from years of Bush war.. Islamic state version of death and mayhem.