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First production at Lesotho diamond mine to be delayed – Firestone

By: Creamer Media Reporter Adverse weather conditions and increased overburden at the Liqhobong mine development project, in Lesotho, have led to a R156-million increase in costs, Aim-listed developer Firestone Diamonds said on Tuesday. The diamond company further revealed that production would now only start in the fourth... 

Namakwa Diamonds making progress with strategic restructuring

By: Megan van Wyngaardt Africa-focused Namakwa Diamonds’ revenue declined 41% to $51.02-million in the year ended August, following the reduction of third party trading activity. However, revenue generated from mining activities jumped 66% to $39.45-million on the back of diamond sales from its Kao mine, in Lesotho,... 

Namakwa enters into new $10m loan, lowers Kao forecast

By: Idéle Esterhuizen Africa-focused miner Namakwa Diamonds on Tuesday lowered its 2012 production target for its Kao mine, in Lesotho, and said it had entered a new $10-million loan facility with investment group Sputnick. The London-listed miner said it had concluded that the previously agreed loan from shareholder... 

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