– UK, London – Gemfields Group Limited (JSE: GML | LON: GEM) today announced the appointment of Patrick Sacco to its Board as a non-executive Director with immediate effect.
“Patrick brings significant experience and knowledge to Gemfields’ Board of Directors and I am very pleased to welcome him at this important time in the Group’s history. I and my fellow Directors are very much looking forward to working with Patrick and being able to utilise his African mining and international marketing expertise” said Board Chairman, Martin Tolcher.
About Patrick Sacco
Mr Sacco has extensive management experience in the mining and mineral marketing sector with specific expertise in iron ore, manganese ore, manganese alloys, and chrome ore. Mr. Sacco is currently the managing director of and holds a beneficial interest in, Assore International Holdings Limited which in turn holds ordinary shares representing 26.66 percent. of the voting rights. As such, Mr. Sacco is deemed to have a beneficial interest in AIHL’s entire legal holding in Gemfields.
Gemfields is a world-leading supplier of responsibly sourced colored 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/
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.