Security guard killed, rubies stolen in Montepuez break in

PERTH (miningweekly.com) – Ruby miner Mustang Resources on Tuesday reported the death of a security guard at its Montepuez project, in Mozambique, along with the theft of around 19 000 ct of rubies and portable office equipment.

The company was working with local communities, police and the government to find those responsible, telling shareholders that security at the mine site had been strengthened since the incident.

The rubies stolen were mostly earmarked for auctions to be held after the October maiden tender, and Mustang noted that its ruby inventory remained on track to exceed 300 000 ct by the time of the maiden tender, despite the theft.

None of the larger safes containing a limited number of higher-value rubies were broken into, the company said, adding that all of the items stolen, including the rubies, were adequately covered by insurance.