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Firestone Liqhobong
Firestone Gets Bank Waiver After Prices Slide
ABSA Bank has granted Firestone Diamonds a waiver after adrop in small-diamond prices put the miner at risk of breaching its loan covenants. The terms of Firestone’s $82.4 million loan from ABSA included assumptions about...
Mining Jul 02, 2019 Rapaport News
Firestone Liqhobong mine
Firestone Raising Cash After Price Drop
Firestone Diamonds is looking to raise $25 million (GBP 18.5million) to fund operations at its Liqhobong mine in Lesotho after weak roughprices drove the company to a loss and forced it to rethink its plan for theasset. Disappointing demand...
Mining Dec 04, 2017 Rapaport News
Firestone Liqhobong
Firestone Rethinks Liqhobong Mine Plan
Firestone Diamonds is revising its mining plan and hasopened talks with its lender after recording disappointing prices at its Liqhobongmine in Lesotho. The company’s last two sales yielded just $69 per carat,compared with...
Mining Oct 03, 2017 Rapaport News
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