FDI.L Share News (FDI)

DIRECTOR DEALINGS: Firestone Diamonds CEO, Directors Issued 8.4M Shares

Firestone Diamonds narrows losses after revenues jump

Firestone Diamonds reported that full year losses narrowed by 52 per cent to 14.5m pounds after its revenues jumped thanks to robust diamond prices. The AIM-listed diamond miner, with operations focused on Lesotho and Botswana, said its corporate expense bill fell 17% in the year to the end of June

Firestone Diamonds Narrows Losses As Revenue Jumps 52%

Firestone Diamonds confirms police raid at Lesotho mine

Firestone Diamonds on Tuesday confirmed reports of a police raid at its mine in Liqhobong, Lesotho. The company said local authorities removed computer equipment from the site without a search warrant or court order on January 16th. Firestone insisted there was no disruption or impact to operatio

Firestone Diamonds sells 5.1 million diamonds in two months

AIM-listed diamond mining and exploration company Firestone Diamonds has sold 56.1 million dollars of diamonds during two tenders held in October and November 2012. In a trading update published on Monday morning, the company stated that it had sold 63,991 carats in total, with 47,685 carats sold O

Firestone profits drop like a stone

Firestone Diamonds, AIM-quoted mining company, took a tumble after full year figures showed it had plunged deep into the red. The firm posted pre-tax losses of £30.4m, compared to a £3m loss the year before, on revenues that jumped to £6.5m from £2.5m. A large proportion of this - £19.8m - related

Resources round-up: Firestone Diamonds, Edge Resources, Ormonde Mining

Firestone Diamonds jumped 12.9% after the firm reported it had discovered very rare 'type 2' diamonds at its Liqhobong mine in Lesotho. Type 2A diamonds - of which the company found 28 - make up less than 2% of all diamonds and are considered the purest of all diamonds. One of the diamonds found -

Resources round-up: Fastnet, SolGold, Botswana, Firestone

Fastnet Oil and Gas has welcomed the publication of independent technical reports on the Molly Malone Basin and Mizzen Basin in the Celtic Sea as it confirms the company's estimates. The best case unrisked in-place resource estimates for the Mizzen Basin is around 2.4bn barrels of oil equivalent (bo

Resources round-up: Enegi, Red Emperor, Range Resources...

Enegi Oil's latest results from tests at the PaP-1 well indicate that the connected oil and gas in place associated with Garden Hill South is in excess of 61.5m barrels of stock tank oil initially in place and 117bn cubic feet gas initially in place, with the absolute openhole flow potential expecte

Small caps round-up: Aminex, Solo, Firestone Diamonds ...

Oil and gas companies Aminex and Solo Oil took a hit on Tuesday morning after the first stab at drilling their shared Ntorya-1 exploration well in the Ruvuma Basin onshore in Tanzania proved disappointing. Data will now be recorded to determine whether or not to drill further. Aminex shares fell 38

Firestone Diamonds sees return of stability to market

Exploration and mining firm Firestone Diamonds has reported a return of stability to the rough diamond market after it was able to sell all diamonds offered at its most recent sale. During the sale, its fourth of 2011, the firm sold 47,576 carats for a total of $2.8m. Chief executive officer Ti

Centamin Egypt boss buys again

The chairman of FTSE 250-listed gold miner Centamin Egypt Josef El-Raghy has doubled his personal stake in the company, taking more than £550,000 of shares. He took 500,000 at 110.9p a time and now has a personal holding of 1m shares. However, including "his connected persons" El-Raghy has 71.2m s

Rough diamond sales result for Firestone

The latest gem sale from Firestone Diamonds earned the exploration and mining company a disappointing $0.86m after it sold just 14% of its available carats. The firm was able to shift 3,395 carats for $863,037, however the remaining 20,100 carats did not reach reserve prices after sales faltered in

Diamond prices up at Firestone sale

Significant diamond price increases helped AIM-quoted Firestone Diamonds pocket $1.4m of the sale of 7,111 carats, after the completion of its first diamond sale of 2011. The group sold 4,850 carats from its Liqhobong mine in Lesotho at an average price of $181/carat, and a further 2,241 carats fro

Sunday tips round-up: Compass, CPP, Firestone Diamonds

The Mail on Sundays says it could be time for cautious investors to get out of CPP, the identity theft and credit card insurer that saw its share price fall by two-fifths last week after the Financial Services Authority (FSA) said it was investigating the company. The FSA is looking into the way CPP