COMPANIES

Mustang leaps on production lift

ASX-listed ruby miner Mustang Resources’ market value has tripled in recent weeks as the company’s relocated processing plant in Mozambique has hit its straps and the company’s first batch of rubies have made their way into American polishers’ and dealers’ hands.

Montepuez ruby

Montepuez ruby

The rate of processing at Mustang’s (ASX: MUS) newly relocated plant for its Montepuez project in Mozambique has reached its target of 525 tonnes per day.  The company said this was triple the rate recorded...

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