Fura completes acquisition of Australian sapphire mining project

International | Manufacturing | Mergers & Acquisitions | South East
Sapphire

Fura Gems Inc., a new gemstone mining and marketing company with emerald, ruby and sapphire assets in Colombia, Mozambique and Australia, has announced that on December 31 2019, it successfully completed the d acquisition of two mining permits and three mining licences for a sapphire mining project in Queensland, Australia.

Fura is also currently in the process of completing the purchase and sale of interests in three additional ruby prospecting licences/concessions in Mozambique.

Dev Shetty, President & CEO of Fura, commented: “We are very pleased to complete the Acquisition, which results in Fura becoming the only public gemstone mining and marketing company in the world to hold emerald, ruby and sapphire mining assets (being all three coloured gemstones).”

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