Thursday 18 October 2012

Firestone Diamonds plc: 14,673 carats of diamond sold by tender in Botswana, for gross proceeds of approximately $1.6 million

Philip Kenny, CEO of Firestone Diamonds, commented: “The successful completion of our first tender is a major milestone for Firestone and marks the completion of our transition into one of only three listed junior kimberlite producers worldwide. We are very pleased that the prices achieved for both Liqhobong and BK11 production were higher than expected, and we believe that further price increases will be achieved for production from both of these mines in 2011.”

Monday 15 October 2012

I can fix BMC, says Tombale

Not only are his leadership skills and experience at his advantage, half of the board members who were believed to be at the heart of the problems at the state abattoir have been shown the door, after it was established that they were doing business with BMC, engaging in serious cases of conflict of interest.
Speaking in an exclusive interview yesterday, Tombale outlined his mission and expectations. "I can say half of the old board members are no longer there.
With my leadership skills, I should be able to manage the board, because I know what is expected of a board. As CEO you manage both the employees and the board," he said.
Careful not to ruffle feathers unnecessarily during the hour-long interview, Tombale however accused the media of blowing the situation out of proportion in that the recent reports have alarmed the customers both at home and abroad.
He said the media reports had also instilled a sense of uncertainty among BMC employees and local farmers, but things are beginning to stabilise.
"You guys should know that your reports are not local anymore as they are read across the world. So they really put pressure on us," he said.

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