JOHANNESBURG (miningweekly.com) – Aim-listed Firestone Diamonds is making good progress on the construction of its 75%-owned Liqhobong mine, in Lesotho, with the majority of the civil earthworks completed in the three months to December 31.
The project was 61% complete as at the end of December and all construction and structural phases of the project were now active with the contractors established at site.
“I am pleased to report that good progress was made at Liqhobong during the last quarter and that we have made an excellent start to 2016. The project is, therefore, firmly on track and I and the team look forward with excitement to 2016 and to achieving initial production in the fourth quarter,” commented CEO Stuart Brown.
By the end of December, Firestone had spent R1.3-billion on the project – 63% of the overall budget – with R779-million still to be spent.