The largest and most expensive ruby of its kind, a 55.22-carat specimen, sold at auction for $34.8 million on Thursday. Less than a year after being found in one of the company's mines in Mozambique ...

The just completed Sotheby’s Magnificent Jewels sale in New York is the first auction to sell two items for more than $30 million. The first is the “Estrela de Fura,” a 55.22-carat Mozambique ruby ...

MONTEPUEZ, Mozambique — Deep inside a forest, sweating men haul earth out of rough excavation holes and carry it in bags on their backs to a stream. Then they sift for the small, red stones that could ...

Sotheby’s New York set two world records for gemstones today, one for a 55.22 carat Mozambique ruby known as the “Estrela de Fura 55.22” and one for a 10.57 carat fancy purplish-pink diamond referred ...

The project entails the construction of an additional processing plant at Montepuez. The addition of the second plant will triple MRM’s processing capacity from 200 t/h to 600 t/h, enabling the ...

Mozambique is expected to have its new mineral regulations in place before year-end. Read on page 18 of this edition of Mining Weekly of Mineral Resources Ministry permanent secretary Alfredo Nampete ...

MONTEPUEZ, Mozambique - Nearly a decade after rubies were first found in northern Mozambique, the discovery has proven a poisoned chalice, says traditional local ruler Cristina Joaquim. Instead of ...

(Reuters) -Precious gem miner Gemfields Group 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 ...

Gemfields says illegal miners killed two police guards at Mozambique mine Gemfields Group , said on Thursday a group of illegal miners had invaded its Montepuez ruby mine in northern Mozambique on ...

HIVE Digital Technologies is leading the charge in green Bitcoin mining and cutting-edge data centers for the Web3 era ...

Montepuez Ruby Mining (MRM) today shares the latest figures relating to the educational support the company has provided in the loca ...