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FDIWed, 21st Jul 2010 11:55
It has been a busy year for AIM-quoted Firestone Diamonds which has started to sell diamonds from its BK 11 mine in Botswana. Last July, Firestone became the third mining junior to produce diamonds from a kimberlite mine when it commenced production at BK11 in Botswana. This was followed by the ac
Read moreProperty developer Henry Boot says it will move to a net cash position after it agreed the sale of a shopping centre in Ayr for £33.8m and the sale of land with planning permission to build houses in Buckingham for an undisclosed fee. Henry Boot said last month that one of its goals is to 'manage d
Read moreFirestone Diamonds' first diamond tender at its new sales office in Gaborone, Botswana, sold 14,673 carats for gross proceeds of about $1.6m, with the first sale of diamonds from the main pipe at Liqhobong making $98/carat "We are very pleased that the prices achieved for both Liqhobong and BK11 p
Read moreFirestone Diamonds is raising £13m in order to finance the development of the Liqhobong diamond mine. Plant 1 at Liqhobong is scheduled to commence production in the first quarter of 2011 and Firestone intends to treble capacity by the end of 2011. This plant could generate annual revenues of $36m
Read moreAim listed South African diamond miner Firestone Diamonds reduced full year losses and said it was confident of reaching its target of producing 1m carats per annum by 2014. The group, which has mines in Botswana and Lesotho, said losses before tax narrowed to £2.4m for the year ended 30 June 2010
Read moreObtala Resources has raised £4.9m by selling its shares in AIM-quoted Firestone Diamonds. AIM-quoted Obtala obtained the 22.65m shares when Firestone took over Kopane Diamonds, in which Obtala had a 16.15% stake. Firestone made an all-share offer. The shares were sold last Friday when Firestone w
Read moreMetal-Tech, which produces and recycles Tungsten, saw losses narrow in the six months to June 30 as demand for the speciality metal picked up following the downturn. Pre-tax losses narrowed to $5.4m from $7.2m over the same period the previous year. Revenues climbed to $21.3m from $20.4m. Shares i
Read more(Adds executive comment.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Diamond miner Firestone Diamonds PLC (FDI.LN) Wednesday said it agreed to acquire peer Kopane Diamond Developments PLC (KDD.LN) for GBP52.7 million in shares, in a deal that brings together assets inclu
Read moreDow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps INVESTORS are set to take advantage from the effect of a weak sterling on U.K.-based international companies, the manager of the BlackRock UK Special Sit
Read more(Adds detail.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Diamond miner Firestone Diamonds PLC (FDI.LN) Wednesday said it agreed to acquire peer Kopane Diamond Developments PLC (KDD.LN) for GBP52.7 million in shares, in a deal that brings together assets including Fireston
Read moreLONDON (Dow Jones)--Firestone Diamonds PLC (FDI.LN) said Wednesday the boards of Kopane Diamond Developments (KDD.LN) and Firestone have reached agreement on the terms of a unanimously recommended all share offer by Firestone for Kopane on the basis of 0.4657 of a New Firestone Share for every 1 Kop
Read more| | of which Euroclear UK & Ireland | | | Limited is operator as defined in the | | | CREST Regulations) | +--------------------+---------------------------------------+ | CREST Regulations | means the Uncertificated
Read more(e) there is or is reasonably likely to be any liability (whether actual or contingent) to make good, repair, reinstate or clean up any property now or previously owned, occupied or made use of or controlled by any past or present member of the Wider Kopane Group or any controlled waters unde
Read more| | inappropriately spaced to confirm | | | geological and/or grade continuity | | | but are spaced closely enough for | | | continuity to be assumed | +--------------------+--------------------------
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