MRM mining company is the second largest exporter in Mozambique

7 September 2016

Montepuez Ruby Mining (MRM) has been recognised by the Mozambican Institute for Export Promotion as the largest exporter of Cabo Delgado province and the second largest in Mozambique in 2015, according to daily newspaper Noticias.

In 2015 MRM posted revenues of over US$74 million from ruby exports and total revenues of over US$196 million since it started operating in 2012.

The chairman of Gemfields Ian Harebottle, which own 75% of MRM, was given a document by the Minister for the Economy and Finance, Adriano Maleiane, that certifies that in 2015 the company was the second largest exporter in the mining sector.

Gemfields, a global leader in the supply of coloured gems, owns 75% of Montepuez Ruby Mining Limitada, which has a concession of approximately 336 square kilometres with primary and secondary deposits.

It is estimated that Mozambique has the most significant ruby ​​deposits in the world after Myanmar.

Harebottle said at the time that the rubies found in Mozambique are unique and added they were well-received abroad, which is demonstrated by the success of the auctions held so far. (macauhub/MZ)