Shareholders approve Firestone's BSE exit

Shareholders in Firestone Diamonds last Friday approved the counter's delisting from the Botswana Stock Exchange, signalling an end to the company’s six and a half year history in Botswana.

In October, the British diamond producer placed its suspended BK11 mine in the Boteti sub-district up for full or partial sale, hoping to recover all or part of the operation’s carrying value of 10.2 million British pounds (P142 million).  The planned disposal of BK 11 also includes Firestone’s exploration leases in Orapa, Tsabong and Kokong, which are projected to hold more than 170 kimberlites or rocks containing diamonds.

Although details of the voting were unavailable at Press time, Firestone officials said all resolutions, including the planned delisting, had been passed at London’s AGM last Friday.

Editor's Comment
Women unite for progress

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