arabtoday
Last Updated : GMT 09:56:11
Arab Today, arab today
Arab Today, arab today

British diamond miner to be delisted from botswana stock exchange

Arab Today, arab today

Arab Today, arab today British diamond miner to be delisted from botswana stock exchange

Gaborone - XINHUA

British diamond miner Firestone Diamonds announced Wednesday that it will be delisted from the Botswana Stock Exchange (BSE) by the end of February following the suspension of its mining project in Botswana in 2012. The company said since its listing on the venture capital board in June 2011, less than 0.02 percent of the company's ordinary shares have moved onto the BSE and trading on the BSE has been "negligible," with 92,828 ordinary shares having been traded on nine days in 35 separate trades. "In light of these circumstances, the directors formed the view that the administrative costs of maintaining the listing are no longer justifiable and, accordingly, Firestone shareholders voted in favor of a delisting from the BSE at the annual general meeting held on Nov. 29, 2013," said the company. Firestone's principal investment in Botswana is BK11 mine which commenced production in August 2010, and projected to produce about 1 million carats of diamonds over its 10-year life. The mine was suspended in February 2012 due to "operational challenges and current weakness in the diamond market." The company later announced that it would focus on its flagship Liqhobong mine in Lesotho, which has been proven large scale diamond recoveries. Firestone put BK11 on the market for possible full or partial disposal in October last year. The planned disposal will also include Firestone's exploration leases in Orapa, Tsbong and Kokong in Botswana. However, the company said that "extracting fair value from the asset in the current investor climate could be challenging." Last year, Australian-based mining company Aviva Corporation voluntary delisted from BSE after selling its Mmamantswe Coal Project in the south-east Botswana to African Energy.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today british diamond miner to be delisted from botswana stock exchange Arab Today, arab today british diamond miner to be delisted from botswana stock exchange

 



Arab Today, arab today
Arab Today, arab today Adidas Originals ‘reinterpreted’

GMT 14:52 2016 Thursday ,01 December

Adidas Originals ‘reinterpreted’
Arab Today, arab today Holiday magic is everywhere

GMT 13:04 2016 Saturday ,03 December

Holiday magic is everywhere
Arab Today, arab today Paris's matchbox apartments

GMT 10:37 2016 Saturday ,24 September

Paris's matchbox apartments
Arab Today, arab today As nearly 20,000 children flee Aleppo

GMT 07:50 2016 Saturday ,03 December

As nearly 20,000 children flee Aleppo
Arab Today, arab today What next after landmark

GMT 09:01 2016 Saturday ,03 December

What next after landmark

GMT 22:58 2016 Saturday ,03 December

US Stocks Close Little Changed

GMT 04:26 2016 Saturday ,03 December

Sterling posts best run vs. euro in 9 months

GMT 12:16 2016 Friday ,02 December

Dow ends at fresh record; Nasdaq tumbles 1.4%

GMT 01:19 2016 Friday ,02 December

Kuwait Bourse Ends Thursday in Green Zone

GMT 21:38 2016 Thursday ,01 December

US Stocks Mostly Low on Wednesday
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Dino-killing crater shows clues

GMT 14:43 2016 Thursday ,24 November

Dino-killing crater shows clues
Arab Today, arab today For Yazidi women left behind

GMT 08:00 2016 Saturday ,03 December

For Yazidi women left behind
Arab Today, arab today Green groups pressure Spain

GMT 13:01 2016 Thursday ,01 December

Green groups pressure Spain
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Hyundai allows Saudi journalists

GMT 15:14 2016 Thursday ,01 December

Hyundai allows Saudi journalists
Arab Today, arab today Latest Infiniti QX to compete

GMT 13:16 2016 Saturday ,26 November

Latest Infiniti QX to compete
Arab Today, arab today Austria's race against time

GMT 11:44 2016 Thursday ,01 December

Austria's race against time
Arab Today, arab today Car manufacturers to power Europe

GMT 13:01 2016 Tuesday ,29 November

Car manufacturers to power Europe

GMT 12:45 2016 Tuesday ,29 November

To find German funny bone

GMT 13:52 2016 Monday ,28 November

Punk memorabilia torched

GMT 04:15 2016 Thursday ,30 June

World's largest uncut diamond fails

GMT 12:39 2016 Friday ,25 November

Arctic 9-12C above normal

GMT 15:59 2015 Wednesday ,27 May

Seoul elevates gardening to high art

GMT 12:39 2016 Saturday ,26 November

Skin patch could help kids

GMT 13:19 2016 Monday ,21 November

New nationalism stoking fears

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 09:53 2016 Sunday ,15 May

OMEGA official timekeepers
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Powered and Developed by FilmMatters

Copyright © 2016 Arabtoday

Developed by FilmMatters

© 2016 Arabtoday

arabtoday arabtoday arabtoday
arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabtoday, Arabtoday, Arabtoday