Firestone Diamonds, announced yesterday March 27, that it produced 379, 716 carats of diamonds on its Liqhobong mine in Lesotho, during the first half of the ongoing financial year that began in July 2017.
While specifying that the mine’s commercial production started last July 1, the company indicated that it has processed a total of 1.9 million of ore in the period under review and discovered a 134 carat light yellow gem, the largest diamond recovered to date. The operating cost per ton was estimated at $11.97.
“In our first six months of full scale production at Liqhobong, processing rates were above expectations, while costs continued to remain below our targeted levels,” said Stuart Brown, the CEO.
Furthermore, the company recorded, over the same period, $26 million as revenues and operations generated $8.8 million.
At the end of the year, Firestone expects the mine to produce between 800, 000 and 850, 000 carats of diamonds.
The BoxCommerce–Mastercard Partnership introduces prepaid cards, giving SMEs instant access to e...
Circular migration is based on structured, value-added mobility between countries of origin and host...
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
BRVM listed the bonds of the FCTC Sonabhy 8.1% 2025–2031, marking Burkina Faso’s first securitiz...
President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...
Nigeria plans 12.4 billion naira fines over telecom service failures NCC tightens enforcement amid outages, rising consumer...
Côte d’Ivoire launches OIA Manioc to structure manioc sector Body targets governance, data, financing, quality standards rollout Sector backed...
SGS cargo scanning at Cameroon’s Port of Douala has been disrupted since Jan 1, 2026, amid legal disputes over contracts and authority. The Port...
GuarantCo issues $20 million, 23-year guarantee to Kenya’s Dhamana Guarantee boosts local-currency infrastructure financing in East...
The Khomani Cultural Landscape is a cultural site located in northern South Africa, in the Northern Cape province, near the Kgalagadi Transfrontier Park....
Three African productions secured places among the 22 films competing for the Golden Bear at the 76th Berlin International Film Festival. Berlinale...