– UK, London – Gemfields Group Limited (LON: GEM | JSE: GML) today announced the appointment of Kieran Daly to its Board as an Alternate Director to Non-Executive Director Patrick Sacco with immediate effect.
Mr Daly will act for Mr Sacco in the event of any absence.
About Kieran Daly
Kieran Daly, a mining engineer, has extensive management experience over a 30-year career in the mining industry. After an initial period with Anglo American plc in various operational, marketing, strategy and business development roles, he spent a number of years in investment banking (Macquarie and UBS) leading various mining equity research teams.
Since 2018, Mr. Daly has been responsible for the growth and strategic development for the Assore group where he is an Executive Director of Assore Holdings (Proprietary) Limited, the ultimate group holding company, and a Non-Executive Director of Assore Holdings’ wholly-owned subsidiary Assore International Holdings Limited which holds 26.64 percent of the voting rights.
Mr. Daly is also a Non-Executive Director of IronRidge Resources Limited, the AIM-listed gold and lithium exploration company where AIH is also a shareholder
About Gemfields
Gemfields is a world-leading supplier of responsibly sourced coloured gemstones. Gemfields is the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world’s single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world). In addition, Gemfields also holds controlling interests in various other gemstone mining and prospecting licenses in Zambia, Mozambique, Ethiopia, and Madagascar.
Gemfields’ outright ownership of Fabergé – an iconic and prestigious brand of exceptional heritage – enables Gemfields to optimize positioning, perception, and consumer awareness of colored gemstones, advancing the wider group’s “mine and market” vision.
Gemfields has developed a proprietary grading system and a pioneering auction and trading platform to provide a consistent supply of colored gemstones to downstream markets, a key component of Gemfields’ business model, and has played an important role in the growth of the global colored gemstone sector.
For more information: https://www.gemfieldsgroup.com/
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