Kagem downs tools, sends all workers on forced leave
By NATION REPORTER
DISTURBED emerald market dynamics arising from an oversupply of Zambian emeralds at discounted prices during the second half of 2024 has forced Kagem Mining Limited to temporarily suspend its operations.
Consequently, management has suspended all mining activity for a period expected to be up to six months, commencing on January 1, 2025.
This has been compounded by conflicting emerald auction dates between the key Zambian emerald producers and giving rise to a destabilised local emerald market outlook for at least the first half of 2025.
Kagem Mining Limited announced this temporary suspension of mining operations at CLICK HERE TO READ MORE
