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Vol 55 No 14

Published 11th July 2014


Mozambique

Ruby wedding

Montepuez Ruby Mining held its first auction last month, raising US$33.5 million at the sale in Singapore. MRM is a joint venture between Britain's Gemfields PLC and a company owned by a senior member of the governing Frente de Libertação de Moçambique (Frelimo) and liberation war veteran, General Raimundo Pachinuapa.

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