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 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...

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...

Resources Watch

This week: Rockwell Diamonds trims its capital raising down to C$20-million. Kumba Iron Ore requires R20-billion to R30-billion capex for 70-million tons a year. And, Amplats pursues shallow reef and delays its deep capital-intensive projects.

Rockwell Diamonds’ growth plan to require R300m-plus

TSX- and JSE-listed miner Rockwell Diamonds’ organic growth plans would require an investment of about R325-million, the company said on Tuesday. The miner currently produces about 2 500 ct/m from its Holpan/Klipdam and Saxendrift operations in...

Rockwell raises C$6.5m through assets sale

Alluvial gem miner Rockwell Diamonds has raised C$6.5-million by selling three noncore assets, it said on Tuesday. The disposal stems from an asset review the TSX- and JSE-listed company embarked on in the first quarter, and the proceeds will go...

Rockwell Diamonds trims capital raising down to C$20m

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...

Former African Diamonds MD Campbell to head up Rockwell

Beleaguered gem miner Rockwell Diamonds, which digs for the stones in ancient river beds in South Africa, has appointed former African Diamonds boss and De Beers veteran James Campbell as CEO, it said on Wednesday. He will replace Mark Bristow,...

Rockwell CEO Bristow resigns

John Bristow has resigned as president and CEO of Rockwell Diamonds, the Vancouver-based miner said on Tuesday. The company will seek a replacement and is in discussions with Bristow, who remains a director, to provide consulting services “to...

EXTREME MAKEOVER

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...

Rockwell finds more big stones at SA mines

Alluvial diamond miner Rockwell Diamonds has recovered another five large gemstones, bigger than 50 ct each, from its South African mines, the company said on Tuesday. The firm found a 136-ct clean white broken octahedral stone from its Holpan...