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Gemfields’ Montepuez ruby mine unable to pay group fees
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Gemfields’ Montepuez ruby mine unable to pay group fees
GEMFIELDS’ Montepuez Ruby Mine (MRM) in Mozambique is currently unable to pay management and auction fees to the group, as weak ruby grades continue to weigh on the operation despite a sharp increase in processing capacity. “In short, no,” said Gemfields interim CEO David Lovett on Wednesday when asked during the group’s interim results presentation […]
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