Gemstone producer us is expanding its footprint in Mozambique by acquiring nine ruby assets from ASX-listed Mustang Resources and Regius Resources Group.
Fura Gems Mining News
The company, which began operations a year ago, said the move seeks to strengthen its communication with key stake holders and consumers.
The 25.97-carat rough emerald is considered both “rare and exceptional” given its size, colour saturation and clarity.
Early output of 1,720 carats of emeralds, including 826 carats of top quality ones, was achieved through a bulk-sampling program carried out within eight weeks of the completing the acquisition of the mine
New gemstones mining and marketing company is stepping up efforts to kick off operations at some of its key assets and help organize what it calls "a highly disorganized and fragmented industry."
Fura Gems aims to resume production at the mine within six months of the deal closure.