StockMarketWire.com - Firestone Diamonds posts a loss of $4.4m for the six months to the end of December - down from $7.7m last time.

The group said the Liqhobong mine development project in Lesotho began in late June and is currently within budget and on schedule to achieve initial production at the end of H1 2016. The BK11 Mine in Botswana remains on care and maintenance and the disposal process announced in August is ongoing.

Chief executive Stuart Brown said: "We are pleased to report on the last six months in which Liqhobong has moved from the concept of a large scale, tier one diamond mine, to construction. "The period has been one of intense operational effort with the creation of approximately 1,000 jobs in Lesotho. All major construction contracts have been finalised and good progress has been made to date. The Project remains on schedule to achieve initial production at the end of H1 2016. I look forward to keeping shareholders updated on the Project's progress."








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