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Mob disrupts Gemfields’ Ethiopian operations

04 july 2018
news_04072018_palling.pngPallinghurst, which will be renamed Gemfields next week, said a mob between 300 and 500 people overran the operations of Web Gemstone Mining (WGM), an Ethiopian company in which the emeralds miner holds a 75 percent interest.
WGM holds an emerald exploration licence with a total concession area of 200km2 with 27 kilometres of potential emerald-mineralised strike length.
It said while the motive of the mob remained unclear, it was believed that they may have been spurred by a faction seeking a portion of WGM’s licence.
“WGM is liaising with local and national authorities and has been advised that local authorities have since secured WGM’s residential camp and mine offices, as well as the camp used by WGM’s contractors,” Pallinghurst said.
“WGM understands that the bulk sampling operation is yet to be secured.”
Gemfields acquired its stake in WGM in February 2015.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished