Mustang ships first rubies from Mozambique

ASX-listed gem producer Mustang Resources has completed the commissioning of the processing plant at its Montepuez ruby project, in Mozambique, and has sent its first commercial parcel of rubies to customers in the US. The company told shareholders on Friday that production at Montepuez was currently ramping up to the targeted rate of 525 t/d, which is forecast to result in a substantial increase in monthly ruby production.