Firestone finds P80m buyer for BK11 Mine

Friday, July 10, 2015

The BK11 Diamond Mine in Boteti has finally found a buyer after being on the market for a year.

Promoters of the mine, Firestone Diamonds announced this week that they have entered into a conditional agreement for the disposal of BK11 to a Canadian firm, Tango Mining for a total consideration of $8 million (P80 million).

In a statement released yesterday, the AIM-listed Firestone said Tango Mining would acquire its wholly owned subsidiary Firestone Diamonds Botswana and its 90 percent interest in Monak Ventures, which holds Firestone’s interests in Botswana.

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