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Firestone Diamonds News

  • Liqhobong mine enters final commissioning stages   2016-10-06
    All major construction activities at Aim-listed Firestone Diamonds’ 75%-owned Liqhobong mine, in Lesotho, have been completed. Mining activities have started and the commissioning of the processing plant is now in its final stages.
  • Firestone Diamonds one step away from completing Lesotho diamond mine 2016-09-28
    Aim-listed Firestone Diamonds has “one more item” left before its one-million-carat-a-year Liqhobong project, in Lesotho, enters production in the fourth quarter. During a media briefing, in Johannesburg, on Wednesday, CEO Stuart Brown said the company had around 90 000 t of ore stockpiled and ready to be processed, adding that the final recovery sorthouse would be completed in the coming week.
  • Tango Mining Limited: BK11 Diamond Mine, Botswana, Acquisition Not Completed 2016-09-12

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 12, 2016) - Tango Mining Limited ("Tango" or the "Company") (TSX VENTURE:TGV) announces that the Firestone Diamonds Limited ("Firestone") Sale of Shares and Claims Agreement (the "Firestone Agreement") for the acquisition of the BK11 Diamond Mine, Botswana ("BK11"), as announced on 9 July 2015, did not close by the 9 September 2016 (the "Revised Drop Dead Date").

  • Tango Announces Loan Financing for Acquisition of BK11 Mine 2016-08-30

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 29, 2016) - Tango Mining Limited ("Tango" or the "Company") (TSX VENTURE:TGV) is pleased to announce it has agreed to a non-convertible loan agreement (the "Loan Agreement") with a number of lenders (the "Lenders"), in order to fund the previously announced acquisition (the "Acquisition") of the processing facility and mineral rights comprising the Botswana diamond operations of Firestone Diamonds Limited (the "BK11 Mine"), and for general working capital purposes. Pursuant to the Loan Agreement, the Lenders will advance to the Company the aggregate principal amount of US$10,000,000 (the "Loan"). The Loan bears interest at a rate of 12% per annum calculated quarterly in arrears and is payable on demand on or after the first anniversary of the closing date of the Loan.

  • Firestone Diamonds again extends deadline for Botswana asset sale 2016-08-30
    Canadian diversified junior miner Tango Mining has until the revised drop dead date of September 9 to settle all the conditions under the conditional sale agreement (CSA) for the $8-million acquisition of Aim-listed Firestone Diamonds’ Botswana assets. Firestone on Tuesday agreed to extend the due date to allow Tango to finalise its proposed $30-million loan commitment with California-based financial lender Vanderbilt Commercial to finance the acquisition of the operations and provide the capital to restart the idled BK11 kimberlite diamond operations.
  • Tango Announces Extension for Acquisition of BK11 Mine 2016-07-29

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 29, 2016) - Tango Mining Limited ("Tango" or the "Company") (TSX VENTURE:TGV) is pleased to announce that Firestone Diamonds Limited ("Firestone"), has agreed to extend the date by when all conditions for the Company's acquisition of Firestone's past producing BK11 Kimberlite Diamond Mine ("BK11 Mine"), Botswana (the "Acquisition") must be satisfied.

  • Firestone Diamonds’ Liqhobong crosses 72% construction completion 2016-04-14
    Aim-listed diamond development company Firestone Diamonds is on track for fourth-quarter initial production from its Liqhobong diamond mine, in Lesotho, with 72% of construction completed by the end of March. The project was also within the original $185.4-million budget, with 70%, equating to $129.9-million or R1.5-billion, of the the revised capital budget of R2.1-billion having been spent by the end of the March quarter.
  • Tango Announces Extension for Acquisition of BK11 Mine 2016-04-06

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 6, 2016) - Tango Mining Limited ("Tango" or the "Company") (TSX VENTURE:TGV) is pleased to announce that Firestone Diamonds Limited ("Firestone"), has agreed to extend the date by when all conditions for the Company's acquisition of Firestone's Botswana operations (the "Acquisition") must be satisfied.

  • Vanderbilt Commercial to fund $30m Tango loan for Botswana project 2016-03-28
    California-based financial lender Vanderbilt Commercial Lending has presented TSX-V-listed Tango Mining with a proposal outlining a $30-million loan commitment to fund Tango’s acquisition and the capital required to restart the BK11 kimberlite diamond mine (BK11 mine), in Botswana. Pending finalising the loan commitment agreement, the outstanding principal, plus accrued and unpaid interest would be due at the end of the five‐year term of the loan, which included an 18‐month pre‐paid interest Reserve Fund.
  • Firestone one step nearer lift-off 2016-03-16
    Africa-focused company will start diamond production later this year

Firestone Diamonds Information

  • Company 2015-05-10
    Firestone Diamonds plc is an emerging force in diamond mining in Africa, with a diversified portfolio of production, development and exploration stage projects.

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