trending Market Intelligence /marketintelligence/en/news-insights/trending/q0O-MWcngVYjerkDGayWuw2 content esgSubNav
In This List

Firestone Diamonds expects to resume Liqhobong operations in November


Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape


Essential IR Insights Newsletter Fall - 2023


Battery metals - unbated long term need for supply security despite short-term headwinds

Firestone Diamonds expects to resume Liqhobong operations in November

Firestone Diamonds PLC said Oct. 15 that it is expecting to resume normal plant processing operations in early November at the Lesotho-based Liqhobong mine, which remains without sufficient power.

The company said that it has already placed an order for diesel generator units, which are scheduled to arrive on site by the end of October.

The generators are set to be used to provide power until grid power is restored from the Muela hydropower station, which is expected to take place on Dec. 1.

Operating costs, however, are expected to increase due to the generator units' rental and associated diesel consumption.

The company, meanwhile, will continue to engage with both the Lesotho Electricity Company (LEC) and ESKOM, South Africa's power utility to try to resolve the interruption of grid power to the mine.