31 May 2023
DiamondWorld Directory
Home |
A Botswana Mine sells just for $50K
Firestone Diamonds will sell its Botswana Operation for $50,000 only
By: Diamond World News Service
Jul 7 2021 10:47AM
Reference: 25699  


After six years of attempting to sell the Botswana operation, Firestone Diamonds has mananged to sell it for $50k only.  

Firestone Diamonds has entered into a binding share sale agreement with Visionary Victor Resources Proprietary Limited for the sale of its Botswana operations, including its interest in the BK11 mine. Visionary Resources is a company registered in Botswana. Pursuant to the Agreement, Visionary Resources will acquire Firestone’s wholly-owned subsidiary Firestone Diamonds Botswana (PTY) Ltd and its 90 percent interest in Monak Ventures (PTY) Ltd, which holds Firestone’s interests in Botswana for a one-off upfront payment of US$50,000.

In addition, Visionary Resources will assume the environmental liability currently associated with the BK 11 mine. Subject to regulatory approvals within Botswana, the transaction is expected to be completed in the fourth quarter of 2021.

Firestone is an international diamond mining company with operations in Lesotho. Liqhobong is owned 75% by Firestone and 25% by the Government of Lesotho. Lesotho is one of Africa’s significant new diamond producers, hosting Gem Diamonds’ Letšeng Mine, Firestone’s Liqhobong Mine, Namakwa Diamonds’ Kao Mine and Lucapa’s Mothae Mine.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Recent Issue
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 34347
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 11654
GJEPC Chairman Interview
Views: 30310
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 41401
Promo for IJ Awards 2012 at NDTV Profit
Views: 58778
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 72476
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 22893
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 52285
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 54983
Member of:
Supporter of: