Debt Raised for Liqhobong Diamond Mine 28 Jul 2014

Firestone Diamonds has raised a US$82.4 million debt facility to fund the development of the Liqhobong diamond mine in Lesotho.

Development of the mine is currently underway with full production capacity expected to be reached in 2016. The debt facility is being provided by Absa.

Operis carried out a review of the financial model for the project on behalf of Firestone and Absa.