Kagem Emeralds FF-F10 Pit (Gemfields) - Zambian Copperbelt (sitios de interés)

 

KAGEM EMERALD MINE (GL-713)

75% Gemfields (Reverse takeover by Rox Ltd, a Pallinghurst portofolio company)

 

The mine has been a consistent producer of some of the finest Zambian emeralds since 1984. Prior to its acquisition by the Company in June 2008, Kagem sold 11.4, 13.7 and 14.9 million carats of emerald and beryl generating revenues of US$6.4, US$9.5 and US$12.6 million in 2005, 2006 and 2007 respectively.

 

Exploratory drilling is in progress in the area with the objective of demonstrating the eastward continuity and thickness of the TMS belt as well as an expansion plan for achieving a run rate of in excess of 1.4 million tonnes of TMS per annum by July 2009 from the present level of 200,000 to 300,000 tonnes per annum