Proactiveinvestors United Kingdom Firestone Diamonds Proactiveinvestors United Kingdom Firestone Diamonds RSS feed en Wed, 08 Jul 2020 08:42:59 +0100 Genera CMS (Proactiveinvestors) (Proactiveinvestors) Buying Rightmove shares would be the wrong move, broker says Fri, 01 Nov 2019 15:10:00 +0000 Firestone Diamonds recovers "fancy yellow" stone from Lesotho mine Mon, 08 Jul 2019 06:54:00 +0100 Firestone Diamonds sparkles as miner digs up 72 carat yellow diamond at its Liqhobong Mine in Lesotho Mon, 08 Apr 2019 14:42:00 +0100 An uptick in global prices could turn Firestone Diamonds into a significant cash cow Fri, 29 Mar 2019 10:14:00 +0000 Improvement in diamond market could deliver significant margin uplift for Firestone Diamonds Wed, 20 Mar 2019 13:09:00 +0000 Unpacking the diamond market with the 3Cs, and other short-hand tricks to understanding value Wed, 13 Feb 2019 11:29:00 +0000 Firestone Diamonds delights with a 70-carat whopper Tue, 12 Feb 2019 07:52:00 +0000 Firestone Diamond unearths 46 carat white diamond at Liqhobong mine Fri, 14 Dec 2018 08:41:00 +0000 Firestone Diamonds reports strong start to second quarter at flagship Liqhobong mine Mon, 29 Oct 2018 08:29:00 +0000 Firestone Diamonds recovers largest diamond from its flagship Liqhobong mine in Lesotho Wed, 05 Apr 2017 09:30:00 +0100 Tango Mining's bid for Firestone Diamonds' Botswana operations falls through Mon, 12 Sep 2016 07:54:00 +0100 Firestone Diamonds just months away from production at Liqhobong Mon, 11 Apr 2016 11:44:00 +0100 Firestone Diamonds PLC chief expects production from Liqhobong by year’s end Tue, 05 Apr 2016 10:38:00 +0100 Brokers: Out with BP, in with Shell Tue, 02 Feb 2016 15:15:00 +0000 Firestone on track at Liqhobong as it makes first drawdown on Absa facility Wed, 23 Sep 2015 07:27:00 +0100 Firestone set to exit Botswana in US$8mln deal Thu, 09 Jul 2015 07:08:00 +0100 Firestone Diamonds flags delay to Lesotho mine Tue, 23 Jun 2015 06:59:00 +0100 Festive Features: Charles Stanley’s Hodgson confident diamond stocks can continue bull run in 2015 Wed, 24 Dec 2014 09:14:00 +0000 Firestone Diamonds delivering world class mine, says SP Angel Wed, 10 Dec 2014 11:12:00 +0000 UPDATE - Firestone Diamonds focused on the fully-funded Liqhobong project Thu, 02 Oct 2014 15:03:00 +0100 Firestone Diamonds CEO delivering on promises Tue, 15 Jul 2014 10:30:00 +0100 Firestone Diamonds signs revised mining lease deal The path to construction at the Liqhobong Diamond Mine is now clear after Firestone Diamonds signed a revised mining lease agreement with the authorities in Lesotho.

Mon, 28 Apr 2014 10:45:00 +0100
Firestone Diamonds appoints chief project officer for Liqhobong Thu, 27 Feb 2014 06:40:00 +0000 BIG PICTURE - Firestone deal points to renewed confidence in diamonds The eye-catching recent funding announcement from mining junior Firestone Diamonds pointed to signs of renewed confidence in the market for the precious stones.

Fri, 17 Jan 2014 11:45:00 +0000
UPDATE - Firestone Diamonds jumps 22% as it secures funding for Lesotho mine Firestone Diamonds has sewn up the US$222mln required to make the Liqhobong diamond mine in Lesotho a reality. Having already secured a US$82.4mln debt facility, the group is raising US$60mln at 3p a share via the equity markets.

Wed, 15 Jan 2014 10:46:00 +0000
Firestone Diamonds's new CEO Stuart Brown sees renewed confidence in market Tue, 03 Dec 2013 07:32:00 +0000 Firestone Diamonds: Broker bullish on prospects for Lesotho project The City broker Charles Stanley has repeated its ‘buy’ advice and 7p a share price target on Firestone Diamond following its successful US$82mln fund-raising earlier this week.

Fri, 29 Nov 2013 10:12:00 +0000
Firestone Diamonds ties up US$82mln of funding for Liqhobong Mon, 25 Nov 2013 07:11:00 +0000 UPDATE - Firestone Diamonds' updated DFS for Liquobong confirms "world class" project An updated definitive feasibility study (DFS) on Firestone Diamonds’ (LON:FDI) Liqhobong mine in Lesotho has confirmed it as a world class project that will yield "very good" returns.

Tue, 05 Nov 2013 11:06:00 +0000
UPDATE - Firestone Diamonds to rework DFS after diamonds revaluation Wed, 23 Oct 2013 11:31:00 +0100 Firestone Diamonds has funding gap to fill despite placing Tue, 16 Jul 2013 13:12:00 +0100 Firestone Diamonds encouraged by latest diamond sales Mon, 17 Dec 2012 08:30:00 +0000 Firestone Diamonds says Liqhobong plan is working Tue, 13 Nov 2012 08:23:00 +0000 UPDATE: Bigger stones can add to appeal of Firestone's Liqhobong mine Thu, 25 Oct 2012 12:59:00 +0100 Firestone Diamonds upbeat after study values Liqhobong at US$441m The SAMREC compliant definitive feasibility study (DFS) was based on average annual production of 1.2 mln carats over a 15 year mine life.

Thu, 25 Oct 2012 06:52:00 +0100
Firestone Diamonds opens tender facility in Antwerp Thu, 18 Oct 2012 15:06:00 +0100 UPDATE: Firestone Diamonds improves diamond recovery at Liqhobong Firestone Diamonds has made good progress in improving the quality and value of diamonds recovered from the Liqhobong mine, in Lesotho.


Mon, 08 Oct 2012 10:12:00 +0100
Firestone Diamonds improves diamond recovery at Liqhobong Mon, 08 Oct 2012 07:10:00 +0100 Firestone Diamonds reports on progress at Liqhobong mine; appoints new CFO Wed, 25 Jul 2012 06:29:00 +0100 Firestone Diamonds now heading in positive direction, says Fairfax Fri, 15 Jun 2012 12:07:00 +0100 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.


Mon, 14 May 2012 11:36:00 +0100
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.

Mon, 14 May 2012 08:13:00 +0100
Firestone Diamonds FD Angus Ogilvie resigns to pursue other interests Wed, 18 Apr 2012 06:54:00 +0100 Firestone Diamonds to raise £14.7 million in placing following strategic review - UPDATE Thu, 15 Mar 2012 13:55:00 +0000 Firestone Diamonds to raise £14.7 million in placing following strategic review Thu, 15 Mar 2012 06:55:00 +0000 Firestone Diamonds puts Botswana mine on care and maintenance Tue, 28 Feb 2012 10:29:00 +0000 Firestone Diamonds says recent diamond sales confirm continued strong demand Tue, 07 Feb 2012 07:25:00 +0000 Firestone Diamonds chairman Philip Kenny resigns to pursue other business interests Tue, 17 Jan 2012 07:13:00 +0000 UPDATE: Firestone Diamonds chief pleased with fourth sale of the year which rakes in US$2.8 million Mon, 05 Dec 2011 13:53:00 +0000 Firestone Diamonds chief pleased with fourth sale of the year which rakes in US$2.8 million Mon, 05 Dec 2011 06:51:00 +0000 Firestone Diamonds steadily increasing production; on track for 1 mln carats/yr by 2014 Mon, 14 Nov 2011 06:51:00 +0000 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.

Mon, 19 Sep 2011 09:31:00 +0100
UPDATE: Firestone Diamonds to receive US$863,037 from latest auction Wed, 14 Sep 2011 13:55:00 +0100 Firestone Diamonds to receive US$863,037 from latest auction Wed, 14 Sep 2011 07:50:00 +0100 UPDATE: Firestone Diamonds announces £13.5 million cashcall Thu, 28 Jul 2011 09:52:00 +0100 Firestone Diamonds announces £13.5 million cashcall Thu, 28 Jul 2011 07:38:00 +0100 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.

Wed, 20 Jul 2011 13:31:00 +0100
Firestone Diamonds recovers high quality diamonds at Liqhobong mine Wed, 20 Jul 2011 07:51:00 +0100 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

Tue, 05 Jul 2011 10:54:00 +0100
Firestone Diamonds reports strong results from diamond sale in Botswana Firestone Diamonds has completed its second sale this year in Gaborone, Botswana, and achieved a 42 percent rise in value for its diamonds compared to the previous tender in April.

Tue, 05 Jul 2011 06:38:00 +0100
Firestone Diamonds names Paul Sobie non-executive director Mon, 20 Jun 2011 07:58:00 +0100 Northland Capital remains bullish on diamond sector Thu, 16 Jun 2011 11:03:00 +0100 Firestone Diamonds starts trading on Botswana stock exchange Mon, 13 Jun 2011 06:26:00 +0100 Tim Wilkes at Firestone Diamonds says margins have grown substantially Mon, 06 Jun 2011 08:00:00 +0100 UPDATE: Firestone Diamonds says Liqhobong will soon become a large scale and profitable mine Wed, 01 Jun 2011 13:45:00 +0100 Firestone Diamonds One2One Investor Presentation - 1st June 2011 Wed, 01 Jun 2011 09:00:00 +0100 Firestone Diamonds appoints Angus Ogilvie as finance director Tue, 03 May 2011 10:22:00 +0100 UPDATE: Firestone shares sparkle after auction reveals strong demand for its stones Thu, 21 Apr 2011 09:40:00 +0100 Firestone shares sparkle after auction reveals strong demand for its stones Thu, 21 Apr 2011 07:24:00 +0100 Firestone Diamonds chairman Kenny reflects on most significant period in group’s history Thu, 31 Mar 2011 07:26:00 +0100 Firestone Diamonds very well positioned to become significant producer in 2011, says CEO Wilkes Wed, 30 Mar 2011 06:45:00 +0100 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.


Wed, 09 Mar 2011 13:15:00 +0000
Firestone Diamonds to recommence production at Liqhobong ahead of schedule Mon, 07 Feb 2011 07:48:00 +0000 Firestone Diamonds makes US$1.6 mln in first diamond tender in Botswana Wed, 15 Dec 2010 06:59:00 +0000 Firestone Diamonds raising £13 mln to fast-track Liqhobong mine in Lesotho Fri, 03 Dec 2010 13:10:00 +0000 Firestone Diamonds prospects 'better than ever' after transformational 2010 Wed, 24 Nov 2010 08:10:00 +0000 Kopane Diamond’s shareholders vote in favour of Firestone combination Mon, 06 Sep 2010 14:11:00 +0100 Firestone Diamonds' Shareholders approve Kopane Takeover Fri, 03 Sep 2010 14:35:00 +0100 Firestone Diamonds shares boosted by better-than-expected production at BK11 kimberlite Thu, 02 Sep 2010 12:12:00 +0100 Philip Kenny, CEO of Firestone Diamonds, says a successful bid for Kopane Diamond will give a more compelling case for investment in Firestone. Fri, 27 Aug 2010 13:36:00 +0100 Firestone Diamonds One2One Investor presentation - 26th August 2010 Thu, 26 Aug 2010 11:31:00 +0100 Firestone Diamonds and Kopane makes great fit - Mineweb Wed, 28 Jul 2010 16:24:00 +0100 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.

Wed, 21 Jul 2010 11:49:00 +0100
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.

Mon, 12 Jul 2010 09:50:00 +0100
Firestone Diamonds sees US$150m in additional toll treatment revenues as Debswana green-lights Jwaneng plant Wed, 30 Jun 2010 10:07:00 +0100 Firestone Diamonds raising £9.45m in institutional placing Thu, 15 Apr 2010 08:03:00 +0100 Firestone Diamonds set to begin BK11 production in Q2 2010 Wed, 31 Mar 2010 12:38:00 +0100 Firestone Diamonds – springboard to success Firestone’s BK11 will shortly join Orapa, Damtshaa and Letlhakane as Botswana’s fourth operating diamond mine

Thu, 25 Mar 2010 06:38:00 +0000
Firestone Diamonds denies report of Jwaneng Tailings project delay, on-track for production in 2011 Mon, 22 Mar 2010 10:27:00 +0000 Firestone Diamonds broadens Botswana based investment appeal with BSE listing Mon, 15 Mar 2010 08:05:00 +0000 Firestone Diamonds to operate FTP project for De Beers JV in Namibia Fri, 12 Mar 2010 10:23:00 +0000 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.

Mon, 01 Feb 2010 11:15:00 +0000
Firestone Diamonds plans to evaluate kimberlites at Orapa in Botswana after historical data review Thu, 28 Jan 2010 10:34:00 +0000 Firestone Diamonds upbeat about BK11 diamond project in Botswana Thu, 21 Jan 2010 08:53:00 +0000 Firestone Diamonds acquires up to 85% interest in Orapa and Francistown kimberlite licenses in Botswana Mon, 21 Dec 2009 08:27:00 +0000 Firestone Diamonds expects BK11 kimberlite production to start ahead of schedule as resource and grades rise 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.

Thu, 10 Dec 2009 08:50:00 +0000
Evolution retains ‘buy’ rating for Firestone Diamonds, target price reduced due to Jwaneng delays Mon, 16 Nov 2009 12:37:00 +0000 Firestone Diamonds FY revenues rise 22%, talks over Jwaneng plant and kimberlites development in Orapa ongoing Fri, 13 Nov 2009 09:00:00 +0000 Firestone Diamond Makes Progress in Botswana, Key Developments Expected by Years End Fri, 25 Sep 2009 14:14:00 +0100 Firestone Diamonds One2One Investor Presentation 8 September 09 Mon, 07 Sep 2009 23:00:00 +0100 Firestone Diamonds One2One Investor Presentation 8 September 09 Mon, 07 Sep 2009 23:00:00 +0100 Firestone Diamonds talks to Proactiveinvestors Sun, 12 Jul 2009 23:00:00 +0100 Firestone Diamonds talks to Proactiveinvestors Sun, 12 Jul 2009 23:00:00 +0100 Firestone Diamonds raises £7.2 mln in placing, Botswana operations making progress Wed, 08 Jul 2009 11:02:00 +0100 Firestone Diamonds talks to Proactiveinvestors Wed, 01 Apr 2009 23:00:00 +0100 Firestone Diamonds talks to Proactiveinvestors Wed, 01 Apr 2009 23:00:00 +0100 Firestone Diamonds extends gains after interims report Tue, 31 Mar 2009 09:32:00 +0100 Firestone Diamonds indentifies higher grade diamond zone at BK11 kimberlite Mon, 30 Mar 2009 08:58:00 +0100 Investors push Firestone Diamonds higher on Tsabong Kimberlite Project update Fri, 27 Mar 2009 09:28:00 +0000 Firestone Diamonds' One2One Investor Forum Presentation 26 Feb 09 Wed, 25 Feb 2009 23:00:00 +0000 Firestone Diamonds' One2One Investor Forum Presentation 26 Feb 09 Wed, 25 Feb 2009 23:00:00 +0000 Firestone Diamonds and ADP named preferred bidders for De Beers JV’s Botswana tailings plant Thu, 19 Feb 2009 07:58:00 +0000 Firestone Diamonds: A big step closer to a hard rock diamond mine ]]> Wed, 18 Feb 2009 07:05:00 +0000 Firestone Diamonds seeking new toll treatment partners after De Beers pulls out Mon, 09 Feb 2009 08:49:00 +0000 Firestone Diamonds turnover increases 100% Wed, 10 Dec 2008 10:04:00 +0000 Firestone Diamonds ploughs ahead with kimberlite evaluation programs Mon, 06 Oct 2008 11:49:00 +0100 Firestone Diamonds raises £5.0 million
The proceeds of the Placing will be used to accelerate evaluation work at the Company's BK11, BK16 and Tsabong projects in Botswana. At the BK11 and BK16 projects the company plans to recover about 1,000 tonnes of kimberlite for processing. The company hopes to recover between 100-150 carats from each bulk sample.

The Company also intends to accelerate evaluation work at its Tsabong project, where it has identified 14 high interest kimberlites for bulk sampling by large diameter drilling.

Results from a number of the other high interest kimberlites are expected to be released in Q3 2008.
Wed, 16 Jul 2008 07:53:00 +0100
Firestone Diamonds - starting to sparkle? Thu, 26 Jun 2008 23:00:00 +0100 Firestone Diamonds Wed, 09 Apr 2008 23:00:00 +0100 Firestone Diamonds Wed, 09 Apr 2008 23:00:00 +0100 Firestone Diamonds issue Botswana update
FDI are now undertaking advanced evaluation of 14 kimberlites, including the 180 hectare M1, and 75 Hectare MK31 kimberlites. Encouraging core samples have been found on five of the kimberlites tested thus far, and micro diamond and indicator mineral analysis is under way on these.

Firestone has purchased a £500,000 bulk sampling plant, which is due to be commissioned in Tsabong Town, in November, and commence operations in January 2008. Infrastructure is already in place for the 10 ton per hour plant to operate efficiently. Between 20kg and 30kg bulk samples are planned to be processed during 2008.

Philip Kenny, CEO of Firestone Diamonds, commented: "With 81 kimberlites discovered to date in Tsabong, of which 14 are diamondiferous, the objective for Firestone is to identify and evaluate the kimberlites with economic potential as rapidly as possible. We have made excellent progress in the six months since we commenced our evaluation programme and we now have a much better understanding of the geology of the area and the kimberlites in our portfolio".

This news was well received by the market, with FDI up 1.33%, albeit on low volumes.]]>
Mon, 29 Oct 2007 00:02:00 +0000
Firestone Diamonds identifies four more kimberlites at Tsabong
Firestone recently acquired the rights to explore the Tsabong Kimberlite field in southern Botswana, and since initiating exploration in November 2006, have identified seven kimberlites brining the total number of known kimberlites to 74.

The four kimberlite discoveries announced today ranged in size from 8 hectares to 28 hectares. Drill chip samples from the exploratory drilling program are now on route to laboratories in Canada and South Africa for mineral chemistry, petrographic and micro diamond analysis.

A separate 6000 meter drilling program expected to start in Q1 2007 which will test 17 kimberlites that are known to be diamondiferous. Firestone intends to drill up to 500 meters in depth to test the various phases of the kimberlites and recover enough drill cores to carry out a more detailed analysis of the economic potential of the kimberlites.

CEO Philip Kenny added: “The discovery of seven large kimberlites in our first two months of exploration at Tsabong is a very significant achievement. We are still an early stage of our exploration programme, and with many more targets remaining, we believe that there is good potential for the discovery of new, large-tonnage diamondiferous kimberlites. With 74 kimberlites in our licence area and the prospects of more discoveries being made, we believe that Tsabong has the potential to produce a major economic discovery.”

Mon, 29 Jan 2007 09:30:00 +0000
Firestone Diamonds gets Excited about Tsabong Kimberlites Wed, 01 Nov 2006 23:00:00 +0000