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Further update regarding Mozambique unrest
Gemfields Group Limited
Incorporated in Guernsey. Guernsey registration number: 47656
South African external company registration number: 2009/012636/10
Share code on JSE: GML / AIM:GEM
ISIN: GG00BG0KTL52 | LEI: 21380017GAVXTCYS5R31
("Gemfields" or the "Group" or the "Company")
Further update regarding Mozambique unrest
LONDON, 27 DECEMBER 2024
On 24 December 2024, Gemfields made an announcement regarding incidents occurring on 23
December 2024 and involving groups associated with illegal ruby mining taking advantage of the
prevailing political unrest in Mozambique and setting fire, inter alia, to community buildings built
by Montepuez Ruby Mining Limitada in Mozambique ("MRM"). These incidents took place in and
around Namanhumbir, a village immediately adjacent to MRM's principal residential infrastructure
("MRM Village").
On 24 December 2024, more than 200 persons staged an attempt to invade the MRM Village and
during their approach set fire to external structures built by MRM and containing, inter alia, a
community cash point. Security forces comprising both the Mozambican police and military
protected the MRM Village using a staged escalation of force. Tragically, during the course of the
morning, two individuals staging the attempt on MRM Village were shot, subsequently taken to
the Montepuez district hospital and declared dead.
Given the Company's priority remains the safety and security of its personnel, a number of people
were temporarily relocated to offsite locations given the increased risk profile. MRM maintained a
sizeable presence on site of more than 500 persons across employees, contractors and security
components. The temporarily relocated personnel began a phased return on 26 December 2024.
While MRM's operations were halted from 24 December 2024, MRM intends to return to normal
operations before the end of the year.
On the same day, in the nearby village of Wikupuri (which was constructed by MRM), the
vocational training centre built by MRM and operated by Mozambique's Institute for Vocational
Training and Labor Studies ("IFPELAC") was looted and damaged on two occasions. The
inventory looted included farming inputs provided by MRM that were due to be distributed to over
800 local farmers to promote sustainable livelihoods.
Gemfields and MRM wish the country and all Mozambicans peace and prosperity and are
committed to making every effort within their means to further those goals.
The Company continues to closely monitor the evolving situation and will provide further updates
as necessary.
-ENDS-
Further information on Gemfields Group Limited can be found at:
GEMFIELDSGROUP.COM
To join our investor mailing list, please contact us on:
ir@gemfields.com
For any press enquiries, please contact Helena and Albertina:
helena.choudhury@gemfields.com / albertina.namburete@gemfields.com
This announcement contains inside information for the purposes of Article 7 of the Market Abuse
Regulation (EU) no. 596/2014 which forms part of domestic UK law pursuant to the European Union
(withdrawal) act 2018 ("MAR").
ENQUIRIES
GEMFIELDS Sean Gilbertson / David Lovett / Ian Hughes
ir@gemfields.com
T: +44(0) 20 7518 3400
SPONSOR (JSE) Investec Bank Limited
NOMINATED ADVISER Panmure Liberum
(AIM) & BROKER Scott Mathieson / Kieron Hodgson / Amrit Mahbubani / John More
T: +44(0) 20 3100 2222
GEMFIELDS HEAD OFFICE Helena Choudhury / Albertina Namburete
PR, LONDON helena.choudhury@gemfields.com / albertina.namburete@gemfields.com
ADDITIONAL INFORMATION ON GEMFIELDS
Gemfields is a world-leading responsible miner and marketer of coloured gemstones. Gemfields is
the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the
world's single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one
of the most significant recently discovered ruby deposits in the world). In addition, Gemfields also
holds controlling interests in various other gemstone mining and prospecting licences in Zambia,
Mozambique, Ethiopia and Madagascar.
Gemfields' outright ownership of Fabergé - an iconic and prestigious brand of exceptional heritage
- enables Gemfields to optimise positioning, perception and consumer awareness of coloured
gemstones through Fabergé designs, advancing the wider group's "mine and market" vision.
Gemfields has developed a proprietary grading system and a pioneering auction platform to
provide a consistent supply of coloured gemstones to downstream markets, a key component of
Gemfields' business model that has played an important role in the growth of the global coloured
gemstone sector.
GEMFIELDS
GEMFIELDS.COM | INVESTORS |FOUNDATION
INSTAGRAM | FACEBOOK | X | YOUTUBE
FABERGÉ
FABERGÉ.COM | INSTAGRAM | FACEBOOK | X | YOUTUBE
KAGEM MINING LINKEDIN
MONTEPUEZ RUBY MINING LINKEDIN
Date: 27-12-2024 09:00:00
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