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Richland said it produced about 156,000 carats of sapphire, larger than four millimetres, in the third quarter as part of its production start-up and ramp-up process.
Richland is proud to be associated with the Queensland Gemfest, Festival of Gems, which is underway 6 – 9 August. Please come and visit us at our booth. For more information on the festival please visit http://gemfest.com.au/
Increased demand for coloured stones has seen their prices soar, value of diamonds has been vastly overtaken by sapphires and rubies
Richland Resources CEO hoping for swift return to profitability in Australia. Bernard Olivier, the chief executive officer of Richland Resources (LON:RLD), says the company decided it was better ‘to focus on a project that we believe will return us to profitability very shortly’.
Richland Resources (LON:RLD) has completed its exit from Tanzania with the receipt of US$5.1mln from new owner Sky Associates.