Fura Gems: Expanding Mozambique’s Ruby Dominance with Record Discoveries and Strategic Growth
Fura Gems continues to solidify its position as a dominant player in Mozambique’s ruby mining sector. In recent years, the company has acquired significant mining licenses and made groundbreaking discoveries, positioning itself as a leader in the colored gemstone industry. Expansion and Strategic Acquisitions In May 2020, Fura Gems completed a major expansion by acquiring […]
Overview of Mozambique’s Ruby Mining Landscape
Since the discovery of rich ruby deposits in Cabo Delgado in 2009, Mozambique has grown to become a crucial supplier in the global gemstone market, responsible for around 50% of the world’s ruby supply. The Montepuez district, in particular, is a key area for ruby extraction due to its relatively shallow deposits, which simplify mining […]