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.
BYD to install 200-300 EV chargers in South Africa by 2026 Fast-charging stations powered by grid...
Drones to aid soil health, pest control, and input efficiency High costs, skills gap challenge ac...
• Parliament approves Virtual Asset Service Providers Bill 2025 to regulate digital assets• Central ...
• The five-year plan allocates 388 billion pulas to boost growth and jobs.• Focus areas include tran...
• The Bank urges Nigeria to raise excise taxes on alcohol, tobacco, and sugary drinks.• Current rate...
(PRESIDENCE DE GUINEE) The Republic of Guinea has completed a major rebasing of its Gross Domestic Product (GDP), conducted by the National Institute of...
Breast cancer remains the leading cause of cancer deaths among women worldwide. In Africa, where health systems are under strain, the World Health...
The expanded alliance includes mobile money, fiber infrastructure, and roaming services. Ethio Telecom’s Telebirr platform processed $15.95...
Ghana lost 19 million cedis ($1.8 million) to cybercrime in the first nine months of 2025, a 17% increase from 2024. Online fraud accounts for 36% of...
The Great Zimbabwe National Monument stands as one of southern Africa’s most iconic archaeological sites, a silent witness to a thriving African...
African countries prepare to celebrate Intangible Cultural Heritage Day Planned events spotlight traditions, rituals, and cultural...