Titanium Resources appoints two new directors

Aim-listed Titanium Resources, which produces rutile and ilmenite in Sierra Leone, has appointed Jan Castro and Michael Barton as nonexecutive directors with immediate effect. Castro is the MD of Pala Investments, while Barton is the vice...

Rockwell directors appeal for support ahead of shareholders meeting

The executive directors of TSX- and JSE-listed Rockwell Diamonds have urged shareholders not to allow a “dissident minority shareholder” to take control of the company and the shareholders’ investment. In a final attempt to gain the support...

Shortage of senior accounting staff behind filing delay - Rockwell

TSX- and JSE-listed diamond miner Rockwell Diamonds will look to recruit additional senior accounting personnel, as it believes a shortage of these staff “lies at the heart of the problem” behind the delayed release of the company's audited...

Daily podcast – June 2, 2009

In today's podcast: Chinese steel mills are to offer a new proposal in benchmark iron ore price talks; and criminal charges have been laid against 294 illegal miners at one of South African gold major Harmony Gold's old shafts.

Rockwell challenges Pala to come clean on 'restructuring'

TSX- and JSE-listed Rockwell Diamonds, which said on Friday it would not file its annual financial statements on time, is still waiting for any definitive indication of what rogue shareholder Pala Investments thinks should be done differently at...

War of words drags on as Rockwell directors respond to 'flip-flopping' charge

Rockwell's executive directors maintained on Tuesday that they have not “flip-flopped” on plans to raise cash for the company, nor did they at any point settle on a private placement as the best financing route, as alleged by dissident...

Gloves come off in battle for Rockwell

The mercury rose a couple of notches on Friday, as the three executive directors of mid-tier miner Rockwell Diamonds defended the company's performance on a conference call, and used the opportunities to take some shots of their own at rogue...

Rockwell Diamonds directors fight new Pala overture

The share price of the JSE- and TSX-listed Rockwell Diamonds leapt 17% on the JSE on Wednesday as three of its directors defended the company against what they described as a “completely unnecessary, cashless takeover” attempt by the...

Coalcorp probes conduct of fired executives

TSX-listed Coalcorp Mining has initiated a formal investigation into the actions of some former executive officers, as well as three officers who fired on February 27, the firm revealed on Thursday evening. Coalcorp said it had fired its...

Revamped Rockwell board 'more independent and balanced'

Vancouver-based Rockwell Diamonds has made sweeping changes to its board of directors, in order to create “a more independent and balanced board”, the firm announced on Tuesday. Of the company's seven-strong board, Pat Bartlett, Rene Carrier,...

Pala drops bid for Rockwell

Pala Investments has withdrawn an unsolicited bid for Rockwell Diamonds, the Vancouver-based gem-miner said on Tuesday. Pala had offered Rockwell shareholders $0,36 a share, which Rockwell argued did not reflect the true value of the company.

Rockwell says Sasfin Capital agrees Pala offer too low

Diamond-miner Rockwell Diamonds has received a second opinion that supports its argument that an unsolicited takeover offer from Pala Investments undervalues the company. Sasfin Capital, a division of Sasfin Bank, has provided an independent...