Commodities > Precious-stones

Firestone Diamonds gives Amulet more time at BK11

Firestone Diamonds (LN:FDI) has agreed to a three-month extension for the sale of its mothballed BK11 asset after the potential buyer experienced issues completing a bulk sample at the Botswana project.

Staff reporter

Commodities > Precious-stones

Firestone Diamonds gives Amulet more time at BK11

Firestone Diamonds (LN:FDI) has agreed to a three-month extension for the sale of its mothballed BK11 asset after the potential buyer experienced issues completing a bulk sample at the Botswana project.

Staff reporter

Firestone Diamonds gives Amulet more time at BK11

Amulet has a few more months to inspect the credentials of BK11

De Beers Group

Back in May, Firestone and Amulet Diamond Corp, a Canadian special purpose vehicle formed by private investors led by Gareth Penny (former De Beers CEO) and Diacore Diamond Group, signed a deal to acquire Firestone's 90% interest in BK11 for US$5.1 million.