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Firestone Tenders Net $5M
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Firestone Diamonds sold 55,950 carats for $5.1 million from two tenders held during February and April 2013. The tenders were 100 percent sold by lot, the company reported. In February, 35,718 carats...
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Rough Markets
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May 07, 2013
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Deena Taylor
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Firestone's Revenue Tops $10M, Loss Widens
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Firestone Diamonds reported revenue rose 166 percent year on year to $10.3 million (GPB 6.5 million) for the fiscal year that ended on June 30. The increase in turnover was primarily the result of including...
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Financial-Legal
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Nov 13, 2012
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Jeff Miller
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Firestone's Loss Widens, Expects to Raise $23M
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Firestone Diamonds released interim results for the six months that ended on December 31, and reported that while revenue rose 88 percent year on year to $3 million (GPB 1.97 million), costs surged more than...
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Mining
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Mar 15, 2012
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Jeff Miller
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Firestone Diamonds Raises $22M
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Firestone Diamonds has conditionally raised $22 million (GBP 13.5 million) through the placing of 48,649,000 new ordinary shares at 27.75-pence each with investment institutions and other investors. The financing will accelerate development work at its Liqhobong mine in Lesotho and complete the grid power...
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Financial-Legal
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Jul 28, 2011
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Jeff Miller
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Firestone Diamonds Recovers High-Quality Stones from Liqhobong
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Firestone Diamonds announced the recovery of some high-quality diamonds out of its Liqhobong mine in Lesotho. The most notable rough stones recovered included a 33-carat and 8-carat diamond. Two color stones included a 9-carat fancy vivid yellow and a 1.70-carat pink diamond. These diamonds will be offered...
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Rough Markets
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Jul 20, 2011
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Jeff Miller
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Sobie Joins Firestone Diamonds
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Paul Sobie was appointed a non-executive director at Firestone Diamonds. Sobie is an economic geologist specializing in the exploration and evaluation of diamond deposits. He has more than 20 years of experience including providing project development for clients in both the junior and senior mining sectors. Firestone Diamonds lists three...
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Mining
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Jun 20, 2011
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Jeff Miller
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Firestone Diamonds Lists on the Botswana Stock Exchange
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Firestone Diamonds has satisfied all requirements for a dual listing on the Botswana Stock Exchange's Venture Capital Board (VCB). Firestone's shares are expected to commence trading today. The junior diamond miner already trades on the London Stock Exchange.Philip Kenny, chairman of Firestone Diamonds, stated, "Firestone...
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Mining
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Jun 13, 2011
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Jeff Miller
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Firestone Diamonds Increases Sales, Loss in 1H
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Firestone Diamonds reported fiscal first-half revenue of $1.68 million for the period that ended on December 31, 2010. The junior diamond mining company reported no revenue for the comparable period one year ago....
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Mining
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Mar 31, 2011
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Jeff Miller
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Firestone to Resume Production at Liqhobong Mine
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Firestone Diamonds will resume production ahead of schedule at its 75 percent owned Liqhobong mine in Lesotho this month, the company reported. Firestone raised $21 million (GBP 13 million) through an equity placing in December 2010, which...
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Mining
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Feb 09, 2011
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Deena Taylor
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Firestone Diamonds Hosts First Botswana Rough Tender
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Firestone Diamonds marketed its first sale of rough diamonds outside of the De Beers framework in Botswana this week. The tender, which started on Monday and runs through December 9, will include 2,500 carats of diamonds from...
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Rough Markets
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Dec 01, 2010
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Avi Krawitz
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Firestone Commissions Botswana Sorting Facility
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Firestone Diamonds has commissioned a diamond sorting facility in Botswana and is preparing for its first sale of diamonds from the BK11 mine. The sorting facility is located in the Diamond Technology Park in Gaborone and the first shipment of stones from BK11 was completed on August 27. The...
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Mining
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Sep 05, 2010
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Avi Krawitz
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Firestone Commences Production at BK11
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Firestone Diamonds commenced phase-one production at its BK11 kimberlite property in Botswana through its subsidiary, Monak Venture. The mining company has 20 such properties in the Orapa area, 13 of which are proven to be diamondiferous, with BK16 identified as the most advanced, according to Firestone. The evaluation of satellite kimberlites...
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Mining
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Jul 12, 2010
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Jeff Miller
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Mining
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Jul 08, 2010
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Rapaport
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Mining
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Jul 01, 2010
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Rapaport
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Debswana, Firestone to Begin Plant Work at Jwaneng Mine
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Debswana will begin work on a modular tailings treatment plant together with Firestone Diamonds at its Jwaneng Mine in Botswana, following the finalization of contractual arrangements and financing proposals for the project, Firestone reported.Firestone was selected by Debswana to finance, construct and operate the plant. Negotiations with...
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Mining
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Jul 01, 2010
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Deena Taylor
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Retail
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Jun 24, 2010
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Rapaport
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Rough Markets
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Jun 10, 2010
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Rapaport
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Mining
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Jun 03, 2010
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Rapaport
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Mining
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May 27, 2010
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Rapaport
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GIA's Mini Career Fair Offers Access to 20+ Firms
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So far, there are more than 200 career opportunities available from across the globe leading into the Gemological Institute of America's (GIA) Mini Career Fair, which is scheduled for June 6 in Las Vegas. The available positions span sales and marketing, grading, buying, trading, design...
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Research
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May 25, 2010
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Jeff Miller
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