Owning 100% of Gemfields will allow diversified mining company Pallinghurst to revitalise the coloured gemstones mining and marketing entity and to unlock synergies, Pallinghurst CEO Arne Frandsen said on Wednesday, when the London Stock Exchange aspirant commenced its compulsory take up of the remaining 7.62 % minority shareholding. “This will in turn strengthen and improve Gemfields’s operational and financial position,” Frandsen added in a release to Creamer Media’s Mining Weekly Online.
