Montepuez Mine Reserves To Last 20 Years

News: UK-based gemstone producer Gemfields has announced that its Montepuez ruby mine in Mozambique has been found to contain enough reserves to last more than 20 years. A competent person's report estimated production of 432mn carats (mnct) over 21 years. The report divided the mine's probable reserves into primary ore reserves of 253mnct at 114.9 carats per tonne (ct/t) and secondary reserves of 179mnct at 7.07ct/t. Gemfields expects gemstone trading to account for a major portion of its...

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