Company News: Firestone Diamonds
Updated: 03 May 2011
Firestone has extensive interests in Botswana, which produces over 34 million carats per annum, worth over $3.5 billion. Botswana is considered to be one of the top countries in the world to explore for kimberlite - the primary source rock for diamonds.
Firestone is the largest holder of exploration rights around the Orapa Mine, including the BK11 and BK16 evaluation projects, and around the Jwaneng mine. The company also holds exploration rights over the entire Tsabong kimberlite field in south-west Botswana, which is one of the largest diamondiferous kimberlite fields in the world and is viewed as the leading project for the Company. Exploration carried out to date has identified 81 kimberlites, of which 17 have been proven to be diamondiferous. Tsabong is noted for the exceptionally large size of many of its kimberlites, in particular the 180 hectare MK1 kimberlite, which is one of the largest known diamondiferous kimberlites.
Firestone has a highly qualified management team with extensive experience in the exploration, evaluation and development of diamond projects. Firestone is quoted on the Alternative Investment Market (AIM) of the London Stock Exchange and trades under the symbol FDI.L.
Financial Information
- 26-28 Hammersmith Grove
- London
- W6 7BA
- United Kingdom
Most Recent Company News
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Rough-diamond prices have fallen 15-20% since August, according to the latest sales update from Firestone Diamonds plc Read more... - Sobie joins Firestone - 24 Jun 2011 11:33am
Paul Sobie has been appointed to the board of Firestone Diamonds plc as a non-executive director Read more... - Investor seminar: Diamonds - 24 Jun 2011 11:33am
The keynote presentation at last week's Diamond Day in London was given by David Hargreaves, who reminded delegates that the financial crisis hit luxury goods the hardest, and the market for diamonds imploded. The rebound has been equally dramatic however Read more... - Firestone appoints Ogilvie - 06 May 2011 11:30am
Angus Ogilvie has been appointed to the board of Firestone Diamonds plc as finance director with immediate effect Read more... - Strong diamond sales - 28 Apr 2011 12:15pm
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A trio of diamond companies have announced financings during the past week, primarily to advance development at their respective mines in southern Africa Read more... - Firestone aims high at Liqhobong - 26 Nov 2010 11:46am
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