# Fura Gems purchases Capricorn sapphire project in Australia

Fura Gems Inc. purchased the Capricorn sapphire project in Queensland, Australia, from Richland Resources Ltd. for US$1.25 million, including two mining permits and three mining licenses.

- Type: Acquisition
- Announced: 2020-02-05
- Where: Queensland, Australia, Australia
- Value: $1.25M
- Status: completed
- Products: sapphire
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Fura Gems](https://endata.com/companies/45031.md) (acquirer)
- [Richland Resources](https://endata.com/companies/45032.md) (target)

## Sources

- [doi.org](https://doi.org/10.1007/s11837-020-04063-1), 2020-02-05: "The acquisition makes Fura the only public gemstone mining and marketing company in the world to hold assets in all three colored gemstones: emerald, ruby, and sapphire."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.