Firestone shareholders approve Kopane acquisition

Aim-listed Firestone Diamonds shareholders on Friday approved the acquisition of Kopane Diamond Developments. Approval is still required from the Kopane shareholders, which would vote through a scheme-of-arrangement on Monday. This would be...

Kopane and Firestone Diamonds shareholders to vote on merger

Aim-listed companies, Kopane Diamond Developments and Firestone Diamonds, would meet with their respective shareholders in September to vote on Firestone’s proposed acquisition of Kopane. In July, Firestone released details of its proposed...

Kopane reports resource grade increase at Lesotho mine

Aim-listed diamond producer Kopane Diamond Developments on Monday reported an increased resource grade of 34,3 ct/100 t at its Main Pipe, at the Liqhobong operations, in Lesotho. The company said in a statement that the increase in the resource...

Kopane raises £3,3m for Lesotho diamond project

Aim-listed diamond producer Kopane Diamond Developments plans to raise £3,3-million, after expenses, for working capital purposes related to its Liqhobong project, in Lesotho. The funds would be raised through a placing of 25,7-million new...

Explorer Obtala to advance Tanzanian projects in ’09 – chair

Aim-listed minerals exploration company Obtala Resources was confident that it would make further progress in developing its assets during 2009, either by itself or through partnerships with other groups. Chairperson Francesco Scolaro told...

Little hope for diamond prices to improve until ‘well into 2009’- RBC

Rough diamond prices were already too low to cover all the costs incurred by some diamond producers, but a drop in the price and demand for the commodity would likely become even worse before any improvement would be seen. Financial services firm...

Kopane’s Lesotho diamond project on care-and-maintenance

Aim-listed diamond producer Kopane Diamond Developments would place its Satellite plant at the Liqhobong project, in Lesotho, on care-and-maintenance with immediate effect. This was as a result of the current economic and market turbulence, which...

Kopane to raise £6,6m for development of Lesotho diamond mine

Aim-listed diamond producer Kopane Diamond Developments would place up to 70-million new ordinary shares at 10p a share to raise about £6,6-million, for development at its Lesotho project, as well as for general working capital purposes, it...