Advanced Search

Pallinghurst Rebrands as Gemfields Group

Jun 27, 2018 7:09 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Pallinghurst Resources has changed its name to Gemfields Group as it turns its primary focus to colored gemstones.

The group’s shareholders overwhelmingly voted in favor of the change at its annual general meeting Tuesday. It will use the new name on the Johannesburg Stock Exchange beginning July 11.

The company, which also extracts platinum-group metals and manganese, pursued the name change to reflect its recent strategic shift toward gemstones, it explained last month.

Additionally, shareholders voted to reelect Erich Clarke, Kwape Mmela, Christo Wiese, CEO Sean Gilbertson and David Lovett as directors.

Pallinghurst acquired emerald-and-ruby miner Gemfields in June 2017, having previously been its largest shareholder. It subsequently delisted the company from the stock exchange.
Tags: Christo Wiese, David Lovett, Erich Clarke, Gemfields, Gemfields Group, Kwape Mmela, Pallinghurst, Pallinghurst Group, Pallinghurst Resources, Rapaport News, Sean Gilbertson
Similar Articles
Alrosa International Mine 150Alrosa Mine Restarts Following Virus Closure
Jun 30, 2020
Alrosa has resumed operations at its International underground mine following a brief suspension after several employees
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2020 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.