Gem firm to start mining at Botswana operation by midyear

European Diamond mining junior Firestone Diamonds has announced that it intends to start development of commercial mining operations on its BK11 kimberlite in Botswana.

Firestone to start production at Botswana mine ahead of schedule

The production plant at Aim-listed Firestone Diamonds’ BK11 project, in northern Botswana, will ramp up to an output of 1,5-million tons a year by the third quarter of next year. The diamond explorer and developer told shareholders in a...

Firestone to apply for Botswana mining lease by year-end

The high-grade areas identified at Aim-listed Firestone Diamonds’ BK11 project, in northern Botswana, could produce $20-million a year in revenues at operating margins in excess of 50%, the diamond exploration company said on Friday. It...

Firestone Diamonds may open Botswana mine next year

Aim-listed Firestone Diamonds expects to decide on the start of mine development at its BK11 project, in northern Botswana, by the fourth quarter of the year, after which production could start by mid-2010, it announced on Friday. The company...

Firestone Diamonds foresees 2010 recovery

African diamond explorer and toll-treater Firestone Diamonds is budgeting on the basis that there will be no access to market finance until the end of 2009, says London Aim-quoted Firestone CEO Philip Kenny. Kenny says that Firestone has...

Gem BEE acquires Namaqualand mine

Minerals company African Star announced on Friday that it has agreed to acquire, and intends to redevelop mining operations at, the Bonte Koe alluvial diamond mine in Namaqualand, in the Northern Cape Province.