Firestone prepares for growth 24/11/2010
Gem group Firestone Diamonds has cut annual losses 77 per cent to £2.4 million after acquiring Lesotho's Liqhobong mine.
Gem group Firestone Diamonds has cut annual losses 77 per cent to £2.4 million after acquiring Lesotho's Liqhobong mine.
As foreshadowed here last month, entrepreneurial Obtala Resources boss Frank Scolaro is floating spin-off Paragon Diamonds for £3 to £5 million.
Firestone Diamonds has agreed to merge with Lesotho-focused Kopane Diamonds in a share deal giving Kopane shareholders 53 per cent of the enlarged group.
AIM counters Firestone Diamonds and EMED Mining are raising £9.5 million and £8.8 million respectively to advance their projects.
Gem miner and explorer Firestone Diamonds expresses ‘confidence’ in prospects despite a 40-fold annual loss increase to £10.9 million.
Gem miner Firestone Diamonds has emerged as preferred bidder for Botswana’s 30-million tonne Jwaneng modular diamond tailings treatment project.
Gem miner and explorer Firestone Diamonds has raised £5 million at 85p a share to accelerate projects at Orapa and Tsabong in Botswana.
Diamond mining group Firestone Diamonds has announced that Paul Sobie is to join its board as non-executive director.
Tim Wilkes has replaced Philip Kenny as chief executive officer of Firestone Diamonds as its Liqhobong mine in Lesotho resumes production
Gem miner Firestone Diamonds suggests its Tsabong kimberlite field in Botswana ‘has the potential to be one of the biggest diamond finds for 25 years’ after evaluating drilling at the MK1 pipe, one of 83 kimberlite formations in the field.
People are still striking interesting deals in the resources sector. One that should appeal is AIM shell Chalkwell Investments (CORE)
Firestone Diamonds suggests one kimberlite at Tsabong in Botswana could hold 1.1 billion tonnes at 20 carats per hundred tonnes.
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