We also undertook various geological work within these licenses, including the drilling of 16,091 metres followed by the bulk sampling.

We own 100% interest in the operating Ruby licenses. We completed all the regulatory approval for the commencement of the bulk sampling by the end of February 2020. Today, we hold approximately 581 Square kilometres in the main ruby-producing belt and eleven 9 ruby mining licenses. The consolidation continued by acquiring further ruby licenses from Mustang Resources, and GemRock. We started our journey in Mozambique in 2017 by acquiring four (4) exploration licenses in the main ruby-producing belt in the Montepuez district of Cabo Delgado. However, FURA’s Mozambican mine which started producing as early as in 2021, are promising to become a key future source of ruby supply. Over the past decade Mozambican mines have been able to bring this scarcity to an end. But Burma’s mines have been running out, and sanctions have squeezed supply. However, with discovery of second deposit near Montepuez district (Cabo Delgado province), rubies from Mozambique started surfacing in the market in 2010-11, encouraging full-scale ruby mining in the region.įor centuries Burma, now Myanmar, was the leading source of rubies. Niassa, being a protected sanctuary, was prohibited from any sort of commercial mining activity by the Mozambique government. Yet, it was only after the country gained independence from Portugal rule in 1975 that ruby mining started in the 1990s in the Niassa province. Rubies were found in Mozambique as early as in the 14th century. Today, FURA holds 9 ruby licenses in the main ruby-producing belt covering 58,091.57 hectares of land. FURA’s Mozambique ruby mine is in Montepeuz district in the province of Cabo Delgado, approximately 200 kilometres from international airport of Pemba.

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