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Rough diamond sales result for Firestone

Wed, 14th Sep 2011 12:09

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 the wake of market instability. The diamonds were consequently withdrawn from sale. Overall rough diamond prices have seen a drop of around 15 to 20% since the beginning of August. A number of enquiries into the remaining diamonds have since been made, the company said, but these will be held until the next diamond sale. The company said: "Rough diamond prices increased approximately 40% in the first half of 2011, driven by significant growth in demand from China and India. With continued growth expected in demand from these countries and insufficient new production to address the current shortfall in supply, the prospects for rough diamond prices remain positive."We expect that stability will return to the rough diamond market later in 2011 and that the shortfall in rough diamond supply will limit any further significant decreases in rough diamond prices."The share price dropped 5.59% to 21.12p at 12:28. NR
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3 Apr 2014 11:19

Firestone Diamonds Completes Botswana Stock Exchange Delisting

LONDON (Alliance News) - Firestone Diamonds PLC Thursday said it has completed its delisting from the Botswana Stock Exchange. The AIM-listed diamond development company said the share shale facility closed on Friday March 28. Firestone said 13 shareholders, holding 29,769 shares, acc

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6 Mar 2014 13:16

Firestone Diamonds Interim Loss Unchanged Despite Drop In Sales

LONDON (Alliance News) - Firestone Diamonds PLC Thursday said its pretax loss remained flat in its first half, as lower costs offset a significant fall in revenues at the company. The diamond development company said its pretax loss remained flat at GBP4.9 million for the six months ended D

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15 Jan 2014 13:18

STOCKS NEWS EUROPE-FTSE AIM index edges up, Firestone Diamonds jumps

Junior-listed AIM shares edge up 0.1 percent, in line with the midcaps, but lagging the FTSE Small Cap index and the FTSE 100 index, both up 0.4 percent. AIM-listed Firestone Diamonds jumps 24.5 percent after securing project funding for the Liqhobong diamond mine in Lesotho. "We have

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15 Jan 2014 12:41

UK MIDDAY BRIEFING: UK Companies Start To Feel Sterling Pinch

LONDON (Alliance News) - UK companies Wednesday started to warn that they are facing a profit hit from the gains sterling has made over the last six months, as revenues they bring back from sales overseas are worth less when translated into pounds. Luxury fashion house Burberry Group, polym

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15 Jan 2014 12:29

Firestone Diamonds raises funds for treatment plant at Liqhobong

AIM-listed Firestone Diamonds has agreed an additional funding package to build and commission the main treatment plant at the Liqhobong Diamond Mine. The £85.4m package is in addition to the £50.3m debt facility from Absa bank announced in late November. The additional package, which was raised

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15 Jan 2014 11:11

UK WINNERS & LOSERS: Burberry Leads FTSE 100; Centrica, SSE Hit By Downgrade

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday. ------- FTSE 100 - WINNERS Burberry Group, up 5.2%. The luxury fashion retailer has reported that its retail revenue rose 14% in the third quarter, w

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15 Jan 2014 09:00

Firestone Diamonds Jumps As It Completes Financing For Treatment Plant

LONDON (Alliance News) - Firestone Diamonds PLC Wednesday said it had secured USD140.0 million in new financing, completing the funding it needs for the construction of the main treatment plant at its Liqhobong Diamond Mine in Lesotho. In a statement, the diamond miner said it had agreed a

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25 Nov 2013 11:28

Firestone Diamonds Secures USD82 Million Liqhobong Debt Facility

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25 Nov 2013 07:59

AIM IN BRIEF: UBC Media Confirms Agreement To Acquire 7digital

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5 Nov 2013 13:04

Firestone Diamonds Updates Definitive Feasibility Study In Lesotho

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24 Oct 2013 11:10

UK WINNERS & LOSERS: Aberdeen Asset Jumps As Director Dealings Hit ASOS, Sports Direct

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23 Oct 2013 15:40

Sector movers: Miners fall on concerns over China, Caterpillar

Mining stocks were out of favour on Wednesday after results from US equipment manufacturer Caterpillar disappointed and concerns over the Chinese economy weighed on sentiment. Gold, silver and copper prices were declining today amid increasing money-market rates in China after the central bank refr

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23 Oct 2013 15:02

Firestone Diamonds sees higher gem values at Liqhobong

Firestone Diamonds hailed a rise in potential diamond values from its Liqhobong diamond mine in Lesotho. Firestone said an independent study of production from a pilot plant at Liqhobong had shown its base average diamond price, excluding potential large stones, increased to $107 per carat from $9

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23 Oct 2013 12:04

Firestone Diamonds Increase Base Diamond Price To USD107 Per Carat

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10 Oct 2013 16:35

N Brown Group non-exec takes stake in company after share price falls

Simon Patterson, Non-Executive Director of N Brown Group, has taken advantage of the recent decline in its share price to acquire 10,000 shares in the online and catalogue retailer. Patterson bought the shares, his only holding in the company, at 463.54p for a total spend of £46,354. The previous

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