International News
Kagem to recommence focused open-pit mining
Gemfields is pleased to announce that Kagem Mining Limited (‘Kagem’), the emerald mine in Zambia which is 75% owned by Gemfields and 25% owned by the Government of the Republic of Zambia through the Industrial Development Corporation of Zambia (‘IDC’), will shortly recommence a programme of focused open-pit mining to recover more premium emeralds.
As announced on 23 December 2024, alongside other cost cutting measures, Kagem suspended all mining from 1 January 2025 to focus on processing ore from Kagem’s significant ore stockpile utilising the upgraded processing plant.
Emerald production from the processing plant in 2025 so far, in terms of carats recovered, has been in-line with the Company’s expectations, producing a lower proportion of higher-quality or premium emeralds than direct open-pit mining methods.
Kagem’s recent auction results, including the encouraging commercial-quality auction results released on 30 April 2025, has increased management confidence in the current emerald market and the decision has therefore been taken to recommence mining of two key production points in the Chama pit, with minimal waste mining, to recover premium emeralds for Kagem’s future higher-quality auctions. The decision to recommence full scale mining will continue to be assessed as market conditions develop.
International News
MGA Strengthens Regional Gold Industry Cooperation Through Six MoUs At MGF 2026
MoUs With Industry Bodies From India, UAE, Vietnam, Cambodia, Uzbekistan and Laos Reinforce Regional Connectivity, Collaboration and Malaysia’s Ambition As A Gold and Jewellery Hub.
The Malaysia Gold Association (MGA) signed Regional Industry Memorandum of Understanding (MoUs) with six international industry associations during the Malaysia Gold Festival (MGF) 2026, held from 18–20 September at the Kuala Lumpur Convention Centre.
The agreements were signed with the India Bullion and Jewellers Association (IBJA) Ltd. , Dubai Business Group for Bullion & Gold Refinery, Vietnam Gold Traders Association (VGTA), Cambodian Jewelers Federation (CJF), Uzbekistan Jewelry Industry Association (UJIA) and Gold Jewelry Gem Association Laos (GJGAL).
The initiative aims to strengthen regional partnerships, industry collaboration and connectivity across the international gold and jewellery ecosystem. The MoUs add an important regional dimension to MGF 2026, which brought together approximately 70 local and international exhibitors spanning the gold and jewellery value chain.
MGF 2026 also featured business networking, industry forums, educational programmes and knowledge exchange, with MGA positioning the festival as part of its broader ambition to establish Malaysia as a regional gold trading and jewellery hub.
During the festival, Malaysia’s Ministry of Tourism, Arts and Culture (MOTAC) also explored collaboration with MGA on Malaysia-themed gold products, including a proposed gold card highlighting Malaysian tourism destinations.
MGA Strengthens Regional Gold Industry Cooperation Through Six MoUs At MGF 2026
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