Mozambique’s ruby sector advances

Mozambique’s ruby mining sector continues to develop, with Australia-domiciled Mustang Resources announcing in late January that it had despatched its first commercial parcel of the precious stones from its project in that country to the US. This parcel contained 6 221 carats of rubies, of which 75 carats were accounted for by five “special stones” (in the company’s words) including two rare 24 carat rubies, “none of which require treatment”.