Firestone begins BK11 Mine disposal

Friday, August 15, 2014

London based diamond junior, Firestone Diamonds this week commenced the disposal process of the BK11 diamond mine in the Boteti Sub-district.

Citing operational challenges and weak market demand for the precious stones, the British company suspended operations at BK11 in 2012, when the board decided to focus on the company’s interests in Lesotho, for which it raised US$225.2 million earlier this year.

The move resulted in the retrenchment of 143 workers, with 15 being retained for care and maintenance activities.

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