Gemfields Group just released its 2024 "G-Factor for Natural Resources" numbers—and wow, it's a transparency power move! This metric shows exactly how much money from emerald and ruby mining actually ends up in the hands of local governments. Spoiler alert: it’s a lot—or... not always 👀
📍 Montepuez Ruby Mine (Mozambique)
- 💸 Revenue (2024): $117.2M
- 🏛️ Payments to government: $28.1M
- 📊 G-Factor 2024: 24%
- 🔥 10-Year Average: 25%
📍 Kagem Emerald Mine (Zambia)
- 💸 Revenue (2024): $81.7M
- 🏛️ Payments to government: $7.4M
- 📉 G-Factor 2024: only 9%
- 📉 Why so low? Bad emerald market vibes led to losses and a pause in operations—ouch.
But there’s hope! 🪄 Mining restarted in May 2025, and if the market vibes get better, Kagem’s numbers might bounce back to the 19% average range.
Gemfields CEO Sean Gilbertson is doubling down on transparency:
“Even when it’s a tough year, we still believe in showing our work.”
💥 Why it matters: Zambia’s now the first African country to make this kind of mining data public via its ZEITI Portal, giving citizens the power to see exactly how much cash their country earns from natural resources.
📣 The takeaway?
Whether it’s rubies or emeralds, the G-Factor keeps the receipts flowing and the accountability glowing 💡