Mozambique: First ruby auction in the country raises more than US$214,000 in Nacala
The company competed for the minerals put up for sale, comprising an announced total of 30 kilograms of rubies, against MBS Gold Trading, a company operating across the mining value chain, from exploration to marketing. The executive secretary of the Kimberley Process Management Unit, Castro Elias, who was responsible for presenting the results, explained that 12 companies had assessed the available minerals, but only four had submitted financial bids. “About 12 companies came to see and assess the material. Of these companies, four submitted financial bids,” he said. According to Castro Elias, among the companies that assessed the minerals were operators from Hong Kong, Sri Lanka and Germany, as well as Mozambican companies, some of them associated with foreign investors. During the presentation of the results, the official identified four financial bids. FENOX, from Hong Kong, offered…
