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Legal, illegal Mozambique rubies and legal Angola diamonds in the spotlight

Mozambican mining company Montepuez Ruby Mining Limitada has made public its concerns about unfair competition by illegal miners. The company operates a ruby and corundum mine at Namanhumbir in the Montepuez district, which lies in the southern region of Cabo Delgado Province. It is 75%-owned by British (London Stock Exchange AIM-listed) enterprise Gemfields and 25% by local business Mwiriti Limitada.