Gemfields Transferred Over 30% of African Mines' Revenues to Host Countries in 2023 (ECOFIN)
Gemfields, a leading producer of rubies in Mozambique and emeralds in Zambia, introduced a calculation method in 2021 to assess its contribution to public revenues in both countries. This method considers mining royalties and dividends. On April 24th, Gemfields announced it paid Zambia and Mozambique respectively $28.3 million and $53.2...
