Rockwell turnaround still 'work in progress', says CEO

Alluvial gem miner Rockwell Diamonds said on Friday the loss of $13.7-million for the 2012 financial year reflected the impact of the strategic decisions that were taken to place the company on solid footing. This formed part of Rockwell’s...

Rockwell completes strategic projects at Saxendrift

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...

Rockwell Diamonds nets $6m in Q4 sales

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...

Rockwell increases diamond output 77%

TSX- and JSE-listed Rockwell Diamonds on Tuesday reported a 77% year-on-year increase in diamond production for the fourth quarter ended February 2012. The company raised its overall carat output to 4 022 ct in the three months, with production...

Rockwell restructures BEE deal, acquires new mine

TSX- and JSE-listed Rockwell Diamonds on Monday reported the successful completion of “robust” negotiations with black economic empowerment (BEE) partner Africa Vanguard Resources (AVR) following a restructuring of the deal. Rockwell Diamonds...

Resources Watch

This week: Government-enforced stoppages deny Amplats 109 000 nonfatal ounces. DRDGold looks forward to being a ‘gold factory’. And, expected strong fundamentals augur well for Rockwell Diamonds’ future growth.

Diamond junior says expected strong fundamentals augur well for future growth

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...

Rockwell Diamonds outlines priorities for 2012

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...

Rockwell Diamonds targets profitable steady state by year-end

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...

Rockwell’s diamond planets aligning

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...

Polished Saxendrift diamond fetches $232 000/ct in Hong Kong

A 37.55 ct polished investment diamond from the Saxendrift mine in South Africa has fetched $232 000 a carat on auction in Hong Kong, Rockwell Diamonds said on Monday. The diamond formed one of a pair of matching D-colour, flawless clarity diamonds.

Rockwell signs wage deal, to implement continuous operations

SE- and TSX-listed Rockwell Diamonds said on Tuesday it had reached an agreement with the National Union of Mineworkers (NUM) to implement continuous operations in the Northern Cape, as well as concluded a two-year wage agreement. Rockwell CEO...