Unlike those "flameless" lighters, that you can still see a faint flame, I could see no flame at all in this experiment, only a spreading glowing red. I'm not really sure if this is technically a fire, but it did spread and continue to "burn".
From Reinhard Walter Buchner (rw.buchner@verbund.net):
Actually this is very easy to explain. The flints are composed of cerium and iron oxide. Using your torch, you achieve the ignition temperature of this "thermite" composition and it continues to burn w/o the need for additional energy (heat). It is a very exothermic (i.e.: creates heat) process and will continue until there is no more iron oxide or cerium left over. All that is left over is a white ash product. Another thermite composition is aluminum and iron oxide. This requires a pretty high ignition temperature of a few thousand degrees Celsius. However, using Mg ribbon or powder, this is easily achieved. Once this reaction is started, there is almost no way to extinguish it (with the exception of maybe gobs of sand). Water will NOT extinguish the fire! The resulting heat will melt through almost anything made of metal. Try it (using small amounts) and place this mixture across two 3/16" strips of iron. After the thermite reaction is over, examine the iron. You will find that they are welded together! If you use a large enough amount, you can burn through a huge chunk of iron (like a V-8 block) with ease. If you try it, PLEASE do be careful, tho. In WW2, Germans used Thermite to weld railroad tracks together. The reaction that takes place is a so-called Red-Ox reaction. This holds true because the reaction, that takes place, is dual action. A reduction and an oxidation takes place (which is also where the name "red-ox" comes from) at the same time. 2AL+Fe˛Oł->AL˛Oł+2Fe (for the true thermite reaction) Following the electronegativity rules, this works out to: Reduction: 2Fe3(+) + 6e(-) -> 2Fe Oxidation: 2Al -> 2Al3(+) + 6e(-) For the flints, the chemical equations would be: 2Ce+Fe˛Oł->Ce˛Oł+2Fe Reduction: 2Fe3(+) + 6e(-) -> 2Fe Oxidation: 2Ce -> 2Ce3(+) + 6e(-) I forgot to mention (in case you want to try the true Thermite) the weight (!) ratio is 1:3 for aluminum vs. iron oxide. This is a very hefty reaction. The reason why the flints simply "glow" and do not throw a shower of sparks, like the true Thermite, is (more than likely) because the mixture is not chemically "proper". In other words, the mixture ratio of cerium to iron oxide is not 1:3, but rather some other ratio. For their normal use (to make sparks), this isn´t necessary and as cerium is a rare element, it makes for cheaper production, not using too much of this in the flints.
Note that it was found, thanks to another e-mail, that the flint is actually an alloy of cerium and iron, not iron oxide. But the above information is still interesting to think about.