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.
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
BOAD says sovereign bond purchases are liquidity management Member states accelerate borrow...
Senegal parliament approves creation of National Media Regulatory Council New body replaces CNRA, expanding oversight to digital media Reform follows...
Dangote orders over 1,000 CNG trucks from China’s BAIC FOTON Fleet expansion supports logistics modernization and lower fuel costs Initiative aligns...
Senegal Treasury urges insurers to increase investment in government securities Insurers provide under one-third of bank investment in state...
Angola launches UNESCO AI readiness assessment initiative Review to evaluate regulatory, technical and institutional capacity Program...
In April 2026, the Amani Festival will change venues. Forced to leave Goma for Lubumbashi due to growing insecurity, the event turns displacement into an...
March is marked by festivals, conferences, workshops and other events celebrating women. In March 2026, a film program is dedicated to female directors...