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Firestone Diamonds

www.firestonediamonds.com

Firestone Diamonds plc is an emerging force in diamond mining in Africa, with a diversified portfolio of production, development and exploration stage projects. Firestone operates the world class Liqhobong Mine in Lesotho and the BK11 Mine in Botswana. The planned expansion of production from Liqhobong is expected to move Firestone into the ranks of leading mid-tier diamond producers. Firestone is the largest holder of diamond exploration rights in Botswana's diamondiferous kimberlite fields, controlling 174 kimberlites, of which 43 are diamondiferous.

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Recent Sector News

Diamonex requests trading halt

Botswana's mining houses have been reporting that the global economic crisis have had significant repercussions on their businesses with falling diamond prices and lack of access to bank finance.
DiamonEx gets govt-guaranteed new loan from Botswana bank to fund company until diamond prices recover

DiamonEx said it secured a financing facility from its bank, The Stanbic Bank, Botswana, repayment of which has been guaranteed by the Government of Botswana, allowing the company to fund its operating costs against its diamond inventory
Opal Horizon – ready for the next step

Opal Horizon is raising up to A$6 million in an IPO to build a vertically integrated precious opal gemstone producer, cutter, polisher and retailer.
DiamonEx – Diamonds in Botswana and the US

Now that the diamond market has been released from the clutches of De Beers, numerous mining juniors are targeting new discoveries. Few of these firms are making money but one of AIM’s latest entrants, Brisbane-based DiamonEx, is about to commence production in Botswana and has multiple prospective licences in the same country and in the US.