Firestone Diamonds PLC Production resumes at Liqhobong Mine (8611R)
01 Noviembre 2019 - 1:00AM
UK Regulatory
TIDMFDI
RNS Number : 8611R
Firestone Diamonds PLC
01 November 2019
1 November 2019
FIRESTONE DIAMONDS Plc
("Firestone", the "Group" or the "Company")
Production resumes at Liqhobong Mine
Firestone Diamonds plc (AIM: FDI), is pleased to announce that
an alternative power supply has been implemented at its Liqhobong
Diamond Mine ("Liqhobong") which has facilitated the resumption of
production in the absence of grid electricity supply.
Further to the announcement on 15 October 2019 and quarterly
operations update on 23 October 2019, the company has successfully
commissioned the rented diesel generators. Production resumed on 26
October, and the processing plant is currently operating at between
80% and 90% of full capacity as the new power generation system is
being optimised.
The generators are expected to be used to generate power until
grid power is restored from the Muela Hydropower Station, which,
according to the Lesotho Electricity Company, is scheduled to take
place on 1 December 2019. Normal operating costs are expected to
increase by the cost of renting the gensets and of the associated
diesel consumption.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
For more information please visit www.firestonediamonds.com or
contact:
+ 44 (0)20 3319
Firestone Diamonds plc 1690
Paul Bosma
Grant Ferriman
Macquarie Capital (Europe) Limited (Nomad +44 (0)20 3037
and Broker) 2000
Alex Reynolds
+44 (0)20 7920
Tavistock (Public and Investor Relations) 3150
Jos Simson
Gareth Tredway
Annabel de Morgan
Background information on Firestone
Firestone is an international diamond mining company with
operations in Lesotho. Firestone commenced commercial production in
July 2017 at the Liqhobong Diamond Mine. Liqhobong is owned 75% by
Firestone and 25% by the Government of Lesotho. Lesotho is one of
Africa's significant new diamond producers, hosting Gem Diamonds'
Letšeng Mine, Firestone's Liqhobong Mine, Namakwa Diamonds' Kao
Mine and Lucapa's Mothae Mine.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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