Firestone to commission plant 'within weeks'

According to Reuters, the company is due to commission a processing plant at its BK11 mine in a matter of weeks, Chief Operating Officer Tim Wilkes told a diamond conference.

"We will be cash flow positive by September and we will have £10 million of cash flow in 2011," he said. Talks are underway for a joint venture partner for the company's Tsabong project and a deal is due to be signed later this year, he added. Firestone has conditionally placed 30 million new ordinary shares to raise US$14.6 million (P102million).