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.
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...
Moniepoint, Opay, Kuda, and others gain national status with tighter oversight A naira 5 billion ...
Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new fo...
CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...
IFC to set up CFA17bn guarantee for Orange Bank digital SME loans Facility covers up to 50% of loans in Côte d’Ivoire, Senegal Scheme targets SMEs,...
DR Congo, UAE sign CEPA aiming to double trade to $10bn Deal opens UAE market to 6,000 Congolese products Agreements cover ports, mining...
Blaise Diagne airport passenger traffic rose 0.46% to 2.94m in 2025 Growth led by Europe/North Africa routes; transit passengers fell...
UNDP, Africell partner to boost UniPods connectivity in Sierra Leone, Gambia Africell to supply high-speed internet, 4G MiFi and IoT...
Fela Kuti received a posthumous Lifetime Achievement Award from the Recording Academy He is the first African artist recognized by the Grammys...
Manovo-Gounda-St Floris National Park is one of the largest protected areas in Central Africa. Located in the northeastern part of the Central African...