Gemfields Group Ltd 2020 AR2
The report outlines Gemfields' operations and financial performance for 2020, a year heavily impacted by the COVID-19 pandemic, which led to the suspension of principal mining operations at Kagem and Montepuez Ruby Mining (MRM). Despite these challenges, the company successfully listed on the AIM market of the London Stock Exchange and introduced an innovative online bidding platform, hosting a series of mini-auctions for emeralds. Gemfields also completed its first greenhouse gas emissions disclosure and continued its commitment to community development, including the completion of the Resettlement Action Plan in Mozambique. Financially, the Group recorded a significant revenue decline to USD 34.6 million and an EBITDA loss of USD 30.0 million due to the lack of traditional gemstone auctions.
Company: Gemfields Group Ltd
Sector: Mining & quarrying
Country: United Kingdom
Year: 2020
Type: AR2
Pages: 192
Back to company
Gemfields Group Ltd
Annual Report
The report outlines Gemfields' operations and financial performance for 2020, a year heavily impacted by the COVID-19 pandemic, which led to the suspension of principal mining operations at Kagem and Montepuez Ruby Mining (MRM). Despite these challenges, the company successfully listed on the AIM market of the London Stock Exchange and introduced an innovative online bidding platform, hosting a series of mini-auctions for emeralds. Gemfields also completed its first greenhouse gas emissions disclosure and continued its commitment to community development, including the completion of the Resettlement Action Plan in Mozambique. Financially, the Group recorded a significant revenue decline to USD 34.6 million and an EBITDA loss of USD 30.0 million due to the lack of traditional gemstone auctions.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Workplace Fatalities
Employees