Rapport semestrields 30/12/2012 (Gemfields)
which Gemfields owns the remaining 50%) to the state-owned resources holding company, ZCCM-IH. While the
transfer of these shares remains underway, Gemfields and ZCCM-IH have agreed to recapitalise the Kariba
operations to an initial sum of US$2.5 million (with each party contributing $1.25m). This is the largest single cash
injection that this operation has received and is likely to aid the growth and success of Kariba’s operations.