http://www.miningweekly.com

Global Mining News in real time

Rockwell completes strategic projects at Saxendrift

By: Idéle Esterhuizen JSE- and TSX-listed Rockwell Diamonds said it had successfully completed the strategic in-field screen, bulk X-ray and single particle sorter plant at its Saxendrift mine, near the Middle Orange River. The company stated that the capital projects supported the diamond-value-management principles... 

Company Announcement: Rockwell provides feedback on successful implementation of strategic projects at Saxendrift

Rockwell Diamonds Inc. is pleased to announce the successful completion of two strategic projects, namely the new in-field screen and the bulk x-ray and single particle sorter plant at its Saxendrift mine which is known for its high value gem quality diamonds 

Rockwell Diamonds nets $6m in Q4 sales

By: Idéle Esterhuizen Alluvial gem miner Rockwell Diamonds generated $6-million from the sale of 5 795 ct in fourth quarter, the company reported on Wednesday. The company achieved an average price of $1 041/ct, which compares with $1 430/ct in the final quarter of 2011, when it sold $6 453 ct, generating $9.2-million.  

Diamond junior says expected strong fundamentals augur well for future growth

By: Natalie Greve South African diamond-miner Rockwell Diamonds’ future development strategy and long-term expansion plans will rely on a combination of consistent carat production, successful proof of concept technology testing at its mines in the Northern Cape and the North West, as well as the development of... 

Rockwell Diamonds outlines priorities for 2012

By: Idéle Esterhuizen TSX- and JSE-listed Rockwell Diamonds would build on the steady increase in production at its three operational diamond mines in South Africa to prove itself as a profitable and sustainable diamond junior, COO Michael Hunt said this week. He stated that 2012 would be a year of consolidation for... 

Rockwell Diamonds targets profitable steady state by year-end

By: Martin Creamer Alluvial diamond mining is known as a hit-and-miss, up-and-down business on which grade prediction is elusive, if not impossible. But tools have been developed that allow alluvial miners to achieve a semblance of grade prediction. Four geological metrics are modelled on mining faces and using... 

Rockwell’s diamond planets aligning

By: Martin Creamer With performance at Rockwell Diamonds’ operations continuing to improve and legacy issues being gradually swept aside, hopes are rising that the alluvial diamond miner will enter a sustained phase of profitable steady state from the latter part of 2012. The TSX- and JSE-listed company’s... 

Rockwell Diamonds returns to profit in Q2

By: Henry Lazenby TSX-listed Rockwell Diamonds has closed the second quarter of its 2012 financial year with a net profit of C$2-million, CEO James Campbell reported on Friday. This compares with a loss of C$1.2-million in the same quarter last year. Campbell said the profit was achieved on the back of revenue... 

Rockwell Diamonds trims capital raising down to C$20m

By: Martin Creamer TSX- and JSE-listed diamond miner Rockwell Diamonds, which does all its mining and diamond beneficiation in South Africa, has trimmed its capital-raising target down to C$20-million. At the start of the year, the Rockwell board was targeting a C$35-million, in order to complete its Tirisano... 

Rockwell sees bridal diamond promise in sparkling Ventersdorp

By: Martin Creamer South Africans tend to associate this far-flung rural town with agriculture rather than mining.  

EXTREME MAKEOVER

By: Martin Creamer TSX- and JSE-listed Rockwell Diamonds CEO Dr John Bristow (left in both pictures) points out to Mining Weekly editor Martin Creamer the intricacies of Rockwell's extreme makeover at the Tirisano diamond mine, in Ventersdorp. Rockwell signed an agreement in March to buy 74% of the Tirisano, or... 

Rockwell recovers large stones at SA diamond mines

By: Esmarie Swanepoel JSE- and TSX-listed Rockwell Diamonds has recovered several large stones from its Saxendrift and Holpan mining operations, in South Africa. The diamond-miner recovered a 52,4 ct clean light fancy yellow, a 60,52 ct light yellow octahedral, a 74,99c clean white irregular blocky stone, and a 54,23... 

Rockwell achieves higher prices in mid-November sale

JSE- and TSX-listed Rockwell Diamonds achieved an average price of $1 434/ct in the diamond sale concluded in mid-November, representing an increase of about 20% over the average price achieved in the latter part of July. Sales and revenues since the start of 2009 were derived from a... 

Rockwell finds three coloured stones at SA mine

By: Esmarie Swanepoel TSX- and JSE-listed diamond producer Rockwell Diamonds has recovered three coloured stones from the Saxendrift alluvial diamond mine, in South Africa. The three stones recovered during October, comprise a salmon-pink stone of 30,54 ct and two intense fancy yellow stones of 35,54 ct and 36,32 ct... 

Diamond prices improving - Rockwell

By: Martin Creamer The share price of diamond junior Rockwell rose nearly 2,5% on the JSE on Tuesday after it noted improvements in diamond prices. In an update of its diamonds sales, the TSX-listed Rockwell, which earlier this year managed to stave off hostile takeover attempts, said that a 40 ct diamond had sold... 

Rockwell Diamonds extends shutdown, prepares to shed jobs

By: Martin Creamer TSX- and JSE-listed diamond junior Rockwell had extended its shutdown period to the end of January because of continued diamond-market weakness and was preparing to shed jobs, Rockwell president and CEO John Bristow said on Monday. 

Rockwell reports large premiums on cut, polished yellow diamonds

By: Esmarie Swanepoel TSX- and JSE-listed diamond producer Rockwell Diamonds has sold three yellow diamonds to Asian buyers, the company reported on Monday. The company sold a 102-ct vivid yellow diamond, cut from a 212-ct rough stone, and two matching 10-ct vivid yellow diamonds, which were cut from a 36-ct rough gem. 

BRC DiamondCore completes fourth gem sale

By: Matthew Hill BRC DiamondCore, which has alluvial and kimberlite diamond assets in South Africa and the Democratic Republic of Congo, on Thursday said that it had achieved an average price of $504/ct in its latest diamond sale. The stones came from trial mining operations at the Paardeberg East kimberlite and... 

Rockwell made $6,97m in fifth diamond tender

By: Chanel de Bruyn JSE- and TSX-listed diamond producer Rockwell Diamonds on Monday reported that it had achieved "excellent" average prices from its fifth diamond sale, held in June, which included the first sale of diamonds produced at its Saxendrift operation, in the Northern Cape province of South Africa. The... 

Diamond-miner Trans Hex cuts costs despite inflationary pressure

By: Martin Creamer Embattled diamond miner Trans Hex is coming down the cost curve despite rising inflation. Trans Hex has created a low-cost model at its once-problematic Bloedrif operation, which it is now able to migrate to Angola. Bloedrif - where costs were at a high R129/m3 or R52/t - has been recommissioned... 

New rigid dump trucks well-received by local opencast mine operators

The latest in surface-mining equipment company Komatsu’s line of 91-t payload rigid dump trucks, the HD785-7, has recently made its debut on the Southern African market. 

Trans Hex takes management control at Angolan mine

By: Matthew Hill JSE-listed alluvial diamond-miner Trans Hex stated on Thursday that it had acquired management control of the Facauma mine in Angola, of which it owns 32%, for four years from May 7. The group said that this was after "extended negotiations", and that the move would enable it to better... 

Rockwell completes acquisition of Trans Hex gem mines

By: Liezel Hill Junior gem company Rockwell Diamonds has bought two alluvial diamond mines and three exploration projects from JSE-listed Trans Hex, the firm said on Wednesday. The assets, collectively knows as the Middle Orange River operations, include the Saxendrift and Niewejaarskraal mines, which are... 

Rockwell takes ownership of 74%-held SA subsidiary

Junior gem-company Rockwell Diamonds has taken ownership of 74% of HC Van Wyk Diamonds and Klipdam Diamond Mining Company, collectively known as VWDG, the company announced on Thursday. Rockwell’s empowerment partner was acquiring the balance, an effective 26% interest, as required under... 

Junior miner receives $6m in diamond sale

By: Olivia Soraya Spadavecchia Junior diamond-miner Rockwell Diamonds received about $6-million for some 3 181 ct of diamonds sold at the diamond tender at the end of last month, the company said on Friday. 

'Sonop', not sunset, on acquisitions for DiamondCorp

By: Irma Venter AIM-listed diamond junior DiamondCorp has entered into an option agreement to acquire Sonop Diamond Mining in South Africa for $45-million cash, and 7,5-million ordinary shares of three pence each in the capital of DiamondCorp. 

Rockwell to raise up to C$45m for acquisition, expansions

Canada-based Rockwell Ventures has engaged a syndicate of Canadian securities dealers, led by RBC Capital Markets, for a unit offering of up to C$35-million, it said in a statement on Sunday. 

Diamond Core agrees to buy Sanddrift project

By: Liezel Hill JSE-listed Diamond Core Resources has signed an agreement to buy the Sanddrift project from SouthernEra Management and Minex Projects, the company said on Wednesday. 

Trans Hex still hopeful of royalty flexibility

By: Laura Tyrer South African diamond miner Trans Hex hopes to offset the 4,5% royalty it currently pays to the Namaqualand Diamond Trust Fund against the 5% royalties levied on the Royalty Bill. 

SA gem firm sees growth opportunities ahead

JSE-listed exploration company Diamond Core is “looking forward to a very exciting roll-out period,” which should see the culmination of all the work invested in re-listing Diamond Core and in concluding the merger and the capital raise. 

Trans Hex announces SA land operations head

JSE-listed diamond miner Trans Hex has announced the appointment of Mervyn Carstens as group executive of South African Land Operations for the Trans Hex Group. 

Latest News

more

Latest Videos

more

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
R/€ = 14.22Change: -0.23
R/$ = 11.16Change: -0.09
Au 1240.10 $/ozChange: -4.17
Pt 1243.50 $/ozChange: -18.70