Monday 13 June 2011

Firestone Diamonds Listing on Botswana Stock Exchange

Firestone Diamonds Listing on BotswDiamondNe.ws: "Philip Kenny, Chairman of Firestone Diamonds, commented: “Firestone Diamonds is currently the only company selling diamonds by tender in Botswana, both from the BK11 Mine in Botswana and the Liqhobong Mine in Lesotho. We are very pleased to be able to offer Botswana-based investors the opportunity to participate in the growth that we expect as production from Firestone’s mining operations continues to increase and the shortfall in diamond supply continues to drive rough diamond prices higher.”"

Botswana Holds Off Unions, Keeps Top Africa Credit Rating, Moody’s Says

Bloomberg:
"The attitude to the strike “signals to us that the government is very serious about its budget strategy,” Lindow said. “The easy thing would be to give in."

"They’ve been hit hard by the crisis, but they’ve bounced back,” Lindow said. “They have ambitions to reduce very substantially the size of spending relative to GDP. That’s what we’re trying to ascertain, whether that will indeed happen and how soon."

BOTSWANA DIAMONDS IDENTIFIES POTENTIALLY DIAMONDIFEROUS ROCK LAYERS IN CAMEROON LICENSE

Tacy LTD: "Botswana Diamonds reports that its geologists have identified sequences of sedimentary rock layers in several localities in the east of its Cameroon diamond license. The AIM-listed miner holds an 85 percent share of the reconnaissance license, which lies immediately to the south and west of C&K Mining's Mobilong license area, where recent reports suggest that a very significant reserve of diamonds has been discovered and where a mine estimated to produce one million carats a year is reportedly coming on stream by 2012. "

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