Rockwell Diamonds returns to profit in Q2

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...

Tirisano key to Rockwell’s long-term growth – CEO

TSX- and JSE-listed Rockwell Diamonds has completed the R33.5-million acquisition of the Tirisano mine, which would contribute to ramping up the miner’s production profile, CEO James Campbell said on Tuesday. The 90 000-m3 a month North West...

Rockwell to focus on cash flow to fund long-term growth

TSX- and JSE-listed Rockwell Diamonds would focus on unlocking its profit potential to supplement the capital it recently raised with internally generated cash resources, said chairperson Dave Copeland. In a statement issued after the alluvial...

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 cuts loss as diamond market continues to recover

Rockwell Diamonds, which operates mines in South Africa, said on Monday that the international diamond market showed a sustained recovery during the six months ended August 31, 2010, which resulted in the company raking in $19,3-million in...

Rockwell Diamonds targets 10 000 ct/m in long-term

JSE- and TSX-listed Rockwell Diamonds has a long-term vision to become a gemstone producer of about 10 000 ct/m, said president and CEO John Bristow, announcing the company's first quarter results. The Vancouver-based company, which owns mines...

Canadian diamond-miner out to establish 'dominant land position' in Ventersdorp

Canadian mining company Etruscan is to list its newly created subsidiary, Etruscan Diamonds, on the Toronto Stock Exchange and the JSE "soon", following preinitial public offering private placement financing in March this year.

Commissioning phase begins at expanded gem mine

Canadian diamond miners Etruscan Resources and Mountain Lake Resources jointly announced yesterday the completion of construction of the expanded plant at the Tirisano Diamond mine, near Ventersdorp, in South Africa.

Ventersdorp diamond-mine to increase its capacity

Canadian junior mining and exploration company Etruscan is scheduled to increase the capacity of the Tirisano diamond-mine in Ventersdorp, in the North West Province, from 35 000 m3 a month to 80 000 m3 a month in September, with an annual...