By CHATULA KANGALI –
GRIZZLY Mining Limited has generated a revenue of $32.5 million from its latest auction held in Dubai, United Arab Emirates(UAE).
The auction featured mid- to high-grade rough emeralds from Grizzly’s flagship mine in Lufwanyama District, Zambia.
The company says the event attracted 96 clients from Europe, Asia, and Africa, who participated in the bidding process.
Grizzly stated on its website posting that out of 142 lots offered, 134 lots (94.36 percent) were sold, totaling 1.3 million carats of emeralds.