Firestone Diamonds: Difference between revisions
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{{Infobox_Company | |
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company_name = Firestone |
company_name = Firestone Diamonds plc | |
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company_logo = [[Image:FD logo master RGB.jpg|200px]] | |
company_logo = [[Image:FD logo master RGB.jpg|200px]] | |
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company_type = Public company | |
company_type = Public company | |
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Revision as of 12:44, 16 July 2014
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| Company type | Public company |
|---|---|
| AIM: FDI | |
| Industry | Mining |
| Headquarters | London, England, UK |
Key people | Lucio Genovese, Non-Executive Chairman Stuart Brown, Chief Executive Officer |
| Products | Diamonds |
| Revenue | Pound sterling |
| Website | www.firestonediamonds.com |
Firestone Diamonds is an AIM-listed United Kingdom-based company, operating in Lesotho and Botswana.
Liqhobong Mine, Lesotho
The Liqhobong Diamond Mine (‘Liqhobong’ or the ‘Project’) in Lesotho is Firestone’s principal asset, and was acquired as a result of the acquisition of Kopane Diamond Developments plc in September 2010. Liqhobong is located at the head of the Liqhobong Valley in the Maluti Mountains of northern Lesotho and is operated by Liqhobong Mining Development Company (Proprietary) Limited (‘LMDC’), which is 75% owned by Firestone Diamonds and 25% owned by the government of Lesotho.
BK11 Mine, Botswana
The BK11 kimberlite mine is located in the Orapa kimberlite field in northern Botswana. BK11 is located approximately 7 kilometres southwest and 20 kilometres southeast of De Beers’ Letlhakane and Orapa mines, respectively, and is within 5 kilometres of Lucara’s new Karowe mine.
A resource of over 10 Mt at an average grade of 8.5 carats per hundred tonnes containing 1 million carats which remains to be exploited. Phase 1 of the BK11 production plant, which has a capacity of approximately 650,000 tonnes per annum, commenced in August 2010 and went on care and maintenance in February 2012. Phase 2 which included secondary and tertiary crushing circuits remains to be implemented when the mine exits becomes operational again.
The Board is considering various strategic alternatives for its Botswana operation, including disposal or joint venture.