Firestone Diamonds

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  14/05/12

  Firestone Diamonds hails solid first quarter production figures - UPDATE

   

  Following today's update from the firm, Dr Ryan Long, at broker Northland, highlighted that it was "positive" the company was continuing to find large diamonds.

   

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  14/05/12

  Firestone Diamonds hails solid first quarter production figures

  Firestone Diamonds described first quarter production from its Liqhobong Mine in Lesotho as “good” as it revealed it uncovered an unbroken 74 carat yellow gem.

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  19/09/11

  Firestone Diamonds’ Kenny remains confident despite disappointing diamond sales

  In an interview with Proactive Investors, Firestone chairman Phillip Kenny stressed that the disappointing outcome of the August auction was merely a case of bad timing, rather than a return to the dark days of the 2008 financial crisis, in which the diamond market ground to a complete halt.

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  20/07/11

  Firestone Diamonds cheers with Liqhobong diamond success

  Firestone Diamonds (LON:FDI) attracted favourable broker comment today after it revealed it had recovered high quality diamonds from its Liqhobong mine in Lesotho. Northland, for one, believes the Firestone story is looking increasingly attractive.

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  05/07/11

  Firestone Diamonds celebrates its Liqhobong mine in Lesotho

  Firestone Diamonds said today that recent diamond sales and grade findings underlined its belief that its Liqhobong mine was one of the "most attractive diamond kimberlites" being developed in the industry

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  09/03/11

  Diamonds are forever but the rally might not be; time to look beyond the price?

  Investors may need to look more closely at growth prospects at a company level rather than relying on the momentum of the sparkling  diamond price rally. City firm Panmure Gordon reckons diamond prices are due a pause, so it's time to look out for company-specific drivers. Panmure's Alison Turner upgraded Gem Diamonds to 'buy' and here we take a forensic look at some of the market's other players in the diamond sector.

   

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  21/07/10

  Firestone Diamonds in recommended takeover of Kopane Diamonds

  Firestone has emerged as a surprise bidder for rival Kopane. Kopane’s board has unanimously recommended the all-paper deal that values the shares at 17 pence each, or £51 million.

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  12/07/10

  Firestone Diamonds starts commercial production at BK11

  The group has reached a major milestone, and work at the kimberlite in Botswana is on target to reach the planned 1.4 tonnes per year capacity by the fourth quarter of 2010.

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  25/03/10

  Firestone Diamonds – springboard to success

  Firestone’s BK11 will shortly join Orapa, Damtshaa and Letlhakane as Botswana’s fourth operating diamond mine

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  01/02/10

  Firestone Diamonds: right place, right time, right pipe

  Firestone Diamonds looks to be in an excellent position, with its first kimberlite diamond mine due to come on stream as the diamond market - in particular for rough stones - looks to be moving back up again quite sharply.

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  10/12/09

  Firestone Diamonds expects BK11 kimberlite production to start ahead of schedule as resource and gra

  As a result of the final phase of bulk sampling, the overall diamond value increase to US$137/carat, while the value in the KW area rose to US$157/carat, representing a 9% increase from June.

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  18/02/09

  Firestone Diamonds: A big step closer to a hard rock diamond mine

  Despite tough conditions in the diamond market Firestone offer an attractive package of a highly prospective advanced project, a ready-to-go processing plant, low costs, mine development experience and cash aplenty.
  
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  06/10/08

  Firestone Diamonds ploughs ahead with kimberlite evaluation programs

  Firestone Diamonds, the diamond mining and exploration company announced significant progress in its evaluation work on the BK11, BK16 and Tsabong projects in Botswana.
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  27/06/08

  starting to sparkle

  Yesterday Firestone passed an important milestone in its life a diamond company. For the first time it could reasonably argue that it had a commercially viable hard rock mine in the making.
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  02/11/06

  Fire Stone Diamonds: Excited about Tsabong Ki

  While Groen River has hit a snag, and the Botswana licences are only starting to gather pace, Firestone has been tidying up its historical projects in South Africa and snapping up exploration rights over another big play, the Tsabong Kimberlite Field in Botswana.

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