Company Announcement: FoxDavies Daily Monitor

Afren plc (AFR LN, 115.0p, ▲ 4.07%) have announced a new oil discovery at their Okoro East exploration well, offshore Nigeria. The well encountered 549 ft true vertical thickness of net oil pay and 41 ft of net gas pay in reservoir sands of...

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 Diamonds aims to raise £13m for Lesotho project

Junior mining company Firestone Diamonds announced on Friday that it aimed to raise £13-million before expenses by placing 52-million shares at 25p each. The proceeds would be used to accelerate the company's plans to recommence production and...

Firestone Diamonds sees bright prospects for 2011

Diamond-mining junior Firestone Diamonds said on Wednesday that its prospects for 2011 were "brighter than ever", after a year of transformation and on the back of strong demand for rough diamonds. "With Firestone producing at its new BK11 and...

Debswana delays $55m Jwaneng tailings project – Firestone

Only three months after it was announced that Debswana was going to proceed with the construction of a $55-million modular tailings treatment project (MTTP) at its Jwaneng mine, in Botswana, the project has now been delayed. Aim-listed Firestone...

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 begins commerical diamond production at BK11

Aim-listed Firestone Diamonds has started commercial production at its BK11 mine, in Botswana, after having been granted a 12-year mining licence for the project. “The commencement of production at BK11 is a major milestone for Firestone as the...

Daily podcast – February 1, 2010

Village Main bids R411-million for the control of Lesego platinum; and Firestone Diamonds will establish a tailings processing facility at the Debswana mine in Botswana.

Firestone plans tailings processing facility at Debswana

UK-based Firestone Diamonds expects to sign an agreement with De Beers before the end of March to establish a tailings processing facility at the Debswana mine in Botswana, CEO Philip Kenny said on Friday. Speaking to analysts in Botswana, he...

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...

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...