Former DeBeers exec. to lead Firestone Diamonds
Africa-focused diamond miner and developer Firestone Diamonds (LON:FDI), said Monday it has appointed former De Beers CFO, Stuart Brown, to lead the company as it holds talks with eventual investors for its Liqhobong mine in Lesotho.
Brown left his position as CFO at the world’s biggest diamond producer in 2011. He will become an executive director at Firestone next month before becoming CEO in December.
Firestone currently operates the pilot plant at Liqhobong and is in the process of developing the MTP with a forecasted output of one-million carats a year by 2015.
To date, has produced 274,577 carats since production began in September 2011. Diamonds form the plant achieved an average price of $86 per carat in the 12-month period that ended in May 2013.
Firestone’s board expects to discontinue the plant before the end of this year in order to prepare the mine for the development of the new plant.
More News
US delays Canada, Mexico tariffs
The announcement comes a day after Trump gave a 30-day tariff reprieve to the big three automakers.
March 06, 2025 | 02:23 pm
Video: Seabridge CEO on KSM progress, questioned permits
The project, in the Golden Triangle of British Columbia, is one of the world’s top undeveloped gold deposits.
March 06, 2025 | 01:34 pm
Video: VRIFY’s new AI tool cuts exploration timelines from weeks to seconds
The platform provides real-time probability and variance metrics, which, VP says, challenges the old geological bias.
March 06, 2025 | 12:47 pm
{{ commodity.name }}
{{ post.title }}
{{ post.excerpt }}
{{ post.date }}
Comments
alan
if the average diamond is worth 86 dollars per carat, these diamonds have to be some god awful crap