Pallinghurst Resources has changed its strategy and is now on the hunt for new acquisitions in coloured gemstones and copper as it refines its new role in manganese as an operator rather than merely an investment holding company.While it has been active in its investments in manganese, gemstones and platinum group metals, it has now taken over Gemfields, a London-listed emerald and ruby mining and marketing company. The experience is within Pallinghurst to operate mines, with executive chairman Brian Gilbertson a key player in the formation of the world’s biggest mining company, BHP Billiton. Pallinghurst’s shares have hardly shot out the lights and shareholders, in backing the transformation of the company from an investment company to an operating mining company, must be hoping the shares will begin showing some serious growth to justify the inclusion of the world’s largest coloured gemstone producer and the investment in Africa’s largest manganese miner. Together with its partner...

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