Company Profile

Firestone Diamonds plc

Cape town, , South Africa

Jewellery Products - Manufacturer,
Proprietorship Firm Since 0

Firestone Diamonds plc is a UK-based international diamond mining and exploration company with operations in the Namaqualand region of South Africa, Botswana and the United States.
Firestone?s objective is to create significant growth in shareholder value through the successful development of large scale diamond exploration projects that have the potential to yield significant reserves of gem quality diamonds. Firestone?s key competitive advantage is its substantial intellectual property database and expertise from more than forty years of diamond exploration worldwide.

Firestone?s corporate development strategy is to use its intellectual property database to identify and secure attractive, large scale exploration projects, and to build a portfolio comprising production and advanced development projects to provide sustainable cash flow to fund ongoing exploration programmes. The company plans to develop its exploration projects through a combination of joint ventures and the company?s own exploration programmes.

Namaqualand, which is located on the west coast of South Africa, has been one of the world?s largest alluvial diamond producing regions for the past 60 years, with total production to date estimated to be worth more than $3 billion. Firestone?s mining operations in Namaqualand include the Bonte Koe, Avontuur and Oena Mines, all of which produce high quality alluvial diamonds, and a growing portfolio of advanced and early stage exploration projects, of which the Groen River Valley project is the most important.

Firestone has extensive interests in Botswana, which is the world's largest producer of diamonds, with annual production of over 30 million carats worth over $2.5 billion. Botswana is considered to be one of the best countries in the world to explore for kimberlite ? the primary source rock for diamonds. Firestone?s Mopipi, Orapa and Jwaneng projects are located close to the major Orapa and Jwaneng mines and are all being explored by De Beers in joint venture with Firestone. Firestone is also exploring for kimberlite in the US on the Laurentia craton, which extends into Canada, where it hosts the Ekati and Diavik diamond mines.

Firestone has a highly qualified management team with extensive experience in the financing and development of diamond and other natural resource projects. Firestone is quoted on the Alternative Investment Market (AIM) of the London Stock Exchange and trades under the symbol FDI.L.

Products :
We are Manufacturers of Diamond Mining and exploration company.