A 31-year-old Tanzanian prospector died on Sunday (24) at a ruby mine in Namanhumbir, belonging to Montepuez Ruby Mining (MRM), in Cabo Delgado province. The company, quoted by Notícias, said that the death occurred as a result of a landslide in an area invaded by 25 miners...
Tag: Montepuez Ruby Mining (MRM)
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Montepuez rubies earn Gemfields over a billion dollars
London-based mining company Gemfields announced on Wednesday that it had raised 69.5 million US dollars from an auction of rough rubies of mixed quality held between November 29 and December 5 in Bangkok, Thailand. The gems were mined in the province of Cabo Delgado, in northern Mozambique, by Montepuez...
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Ruby Mining says it has channeled more than USD 200 million to the state in taxes
The ruby mining company Montepuez Ruby Mining (MRM) has already paid the state 207.6 million dollars in various taxes and fees over the last 10 years. MRM began operations in 2014 in the Montepuez district of Cabo Delgado province. The company pays the state for the exploitation of rubies...
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Government inaugurates new US$10 million village for families affected by ruby mining
The Cabo Delgado government yesterday inaugurated a new village for 105 families removed from the ruby mining perimeter by Montepuez Ruby Mining (MRM), announced a company source. The new village and associated agricultural land, located in Namanhumbir, is budgeted at $10 million, covering an area of 2,400 hectares, near the road...
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MRM under special military contingent to protect ruby deposits
The company Montepuez Ruby Mining (MRM) is under protection of a special force created by the Republic of Mozambique Police (PRM) to protect the areas of the gemstone deposits controlled by the company in that district of Cabo Delgado. "MRM has activated 'increased surveillance' and the government has dispatched special forces to fight the enemy and protect...
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Rubies have already earned the state close to $160 million
The Namanhumbir rubies, an Administrative Post in the district of Montepuez, Cabo Delgado province has earned $159.7 million in royalties and taxes to the Mozambican state, since the start of its operations in 2012. According to the data that Carta had access, through the company Montepuez Ruby Mining (MRM), a subsidiary of the giant...
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Gemfields raises $95.6 million and sets new record with ruby auction
Gemfields has set a new ruby auction record by raising $95.6million at a dedicated event in Bangkok, the capital of Thailand, between May 30 and June 17, 2022. "Our first ruby auction in 2022 produced real results, setting a new revenue record for any Gemfields auction in...
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Mozambique auctions Montepuez rubies in Thailand today
The Mozambican company, Montepuez Ruby Mining (MRM), is participating today in Thailand in an auction ceremony of rubies produced in the province of Cabo Delgado. This is a virtual auction where the company takes approximately 667 thousand carats to sell to potential buyers of this type of product with great commercial value in the international market. A...
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Court convicts citizens for illegal mining at MRM
The district court of Montepuez, in Cabo Delgado, sentenced two citizens, Mbonda Macesse and Manuel Pedro, to four years in prison for illegal mining practices within the concession area of Montepuez Ruby Mining (MRM), in the Namanhumbir region. A note from MRM considers that the judicial authorities are taking the...
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MRM invests USD 59.6 million in new processing plant
Montepuez Ruby Mining (MRM) will invest about 59.6 million dollars in the installation of a second unit for processing and storage of fuel in order to double its operations, in the district of Montepuez, in Cabo Delgado province. In a press release, quoted by clubofmozambique, MRM considers that "the project will have...