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Gemfields|Mining
Gemfields|Mining
gemfields|mining

JSE approves Gemfields’ transfer to general segment

An image showing the Montepuez mine

Montepuez ruby mine

11th March 2025

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

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Gemstone miner Gemfields’ application to transfer its market segmentation on the main board of the JSE, from the ‘prime segment’ to the ‘general segment’, has been approved with effect from March 11.

The ‘general segment’ aims to offer a suitable and efficient level of regulation tailored to the size and liquidity of issuers on the main board of the JSE.

Consequently, Gemfields will now be classified as being a primary issuer listed in the general segment of the JSE list.

There is no change to Gemfields’ quotation on the Aim in London.

Gemfields is the operator and 75% owner of both the Kagem emerald mine, in Zambia, and the Montepuez ruby mine, in Mozambique. It also holds controlling interests in various other gemstone mining and prospecting licences in Zambia, Mozambique, Ethiopia and Madagascar. 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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