Firestone Diamonds secures $6m facility, appoints new CEO

Junior diamond-miner Firestone Diamonds on Wednesday announced it had appointed Tim Wilkens as its CEO, and that it had agreed terms with the Botswana-arm of Standard Chartered Bank for a $6-million facility to provide it with greater flexibility...

Firestone plans Botswana diamond tender, BK11 exceeds targets

Aim-listed Firestone Diamonds expects its BK11 production plant to “comfortably exceed” its targeted capacity of 1,5-million tons a year by the fourth quarter, at which time the diamond miner also planned to hold its first diamond tender in...

Firestone sees potential to expand Botswana operations

Aim-listed Firestone Diamonds has identified a number of high interest kimberlites at the Orapa diamond field, in Botswana, where it has completed a review of the kimberlites that forms part of a joint venture (JV) with Tawana Resources. In...

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...