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TanzaniteOne may buy Australian sapphire project

from Mining Weekly

Gem-miner TanzaniteOne has secured an option to buy a sapphire project in Australia as it moves to advance its diversification strategy for premium colored gemstones. CEO Bernard Olivier said that securing an option over the project, located in the Sapphire field, fit into the company's diversification strategy by expanding into a new colored gemstone through a project where it could rapidly implement advanced mining and recovery techniques. more

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