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Miners
Heavy Debt Looms over Mining Shutdown
A number of diamond-mining companies that have halted production during the COVID-19 crisis will find it difficult to resume
News Apr 23, 2020 Leah Meirovich
Petra Finsch mine
South Africa, Lesotho Mines Set for Shutdown
Petra Diamonds, Gem Diamonds, Firestone Diamonds and Lucapa Diamond Company are suspending operations at their mines
News Mar 25, 2020 Rapaport News
Firestone Liqhobong 150 March
Firestone to Delist Later This Month
Firestone Diamonds’ shareholders have approved its delisting from public trading, as it seeks to reduce costs amid weak
News Mar 15, 2020 Rapaport News
Firestone Liqhobong 150
Firestone Faces Fallout from Power Disruption
Production at Firestone Diamonds faltered in the second fiscal quarter, as the miner faced a near monthlong power disruption
News Feb 26, 2020 Rapaport News
Firestone
Firestone Forecasts Weak Rough Pricing
Firestone Diamonds gave a cautious outlook for the coming year, expecting continued sluggish market conditions to impact
News Dec 22, 2019 Rapaport News
Firestone
Firestone Questions Future of Operations
Firestone Diamonds is assessing its ability to remain operational, as it struggles with mounting debt and lower prices in the
News Oct 28, 2019 Rapaport News
Firestone
Firestone Finds Its Biggest Fancy Yellow
Firestone Diamonds has recovered a 54-carat, intense-fancy-yellow rough diamond at its Liqhobong mine in Lesotho, it reported Monday. The
News Jul 08, 2019 Rapaport News
Firestone Liqhobong
Firestone Gets Bank Waiver After Prices Slide
ABSA Bank has granted Firestone Diamonds a waiver after a drop in small-diamond prices put the miner at risk
News Jul 02, 2019 Rapaport News
Firestone Diamonds
Rainy Season Dampens Firestone Output
Output at Firestone Diamonds slipped in the third fiscal quarter as the company processed ore from a lower-grade portion
News Apr 29, 2019 Rapaport News
Firestone 72 carat yellow 150
Firestone Diamonds Recovers 72ct. Yellow
Firestone Diamonds has unearthed a 72-carat rough yellow stone from its Liqhobong mine in Lesotho, along with
News Apr 08, 2019 Rapaport News
Firestone
Firestone Loss Narrows as Sales Rise
Firestone Diamonds decreased its net loss in the first fiscal half, as sales grew despite weak prices,
News Mar 31, 2019 Rapaport News
Firestone
Firestone Revenue Rises in Second Quarter
Sales grew at Firestone Diamonds in the second fiscal quarter as stronger volumes outweighed a lower average price, the
News Feb 04, 2019 Rapaport News
Firestone 46 carat 150
Firestone Digs Up 46ct. Rough Diamond
Firestone Diamonds’ stock price rose more than 11% Friday after the company announced it had unearthed
News Dec 16, 2018 Rapaport News
Firestone Q1
Firestone Unearths 326ct. Diamond
Firestone Diamonds has recovered a 326-carat, near-gem-quality rough — the largest diamond the miner has found to date.
News Nov 04, 2018 Rapaport News
Firestone Diamonds
Firestone Diamonds Slashes Annual Loss
Firestone Diamonds narrowed its annual loss by 91% amid higher sales, and due to the absence of an impairment
News Oct 04, 2018 Rapaport News
Firestone 150
Firestone Sees Strong Bigger-Stone Demand
Sales were strong at Firestone Diamonds in the fourth fiscal quarter amid robust demand for larger rough
News Jul 24, 2018 Rapaport News
Stuart Brown Mountain Province
Firestone Chief Heads to Mountain Province
Mountain Province has appointed Stuart Brown as its CEO, to succeed interim chief David Whittle, the Canada-based
News May 16, 2018 Rapaport News
Paul Bosma Firestone
Firestone Promotes Paul Bosma to CEO
Firestone Diamonds has appointed industry veteran Paul Bosma to succeed Stuart Brown as CEO from July 1, the
News May 14, 2018 Rapaport News
Firestone 150
Firestone Sees Rise in Output, Prices
Firestone Diamonds’ production and selling prices increased in the third quarter amid better rough-market conditions and
News Apr 25, 2018 Rapaport News
firestone
Firestone Diamonds Posts Inaugural Revenue
Firestone Diamonds recorded its first half-year revenue from the Liqhobong mine in Lesotho, the company said
News Mar 29, 2018 Rapaport News
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