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 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 lays plan to boost, 'smooth' diamond output

Vancouver-based Rockwell Diamonds, which mines high-value gems from alluvial mines in South Africa, will start up two additional operations over the next 18 months or so, in an effort to boost production levels and add more consistency to output...

China, India diamond demand still strong, US improving – Rockwell

Demand for rough diamonds, particularly from China and India, remains strong and should keep prices at least at current levels, executives from Rockwell Diamonds said on Tuesday. After a “precipitous” drop in late 2008 and continued weakness...

Rockwell to buy Blue Gum project in SA from Etruscan

SE- and TSX-listed Rockwell Diamonds plans to buy a 74% interest in the Blue Gum diamond operation, in South Africa's Ventersdorp region, from Etruscan Diamonds, the firm announced on Thursday. Rockwell signed a term sheet in which it offered to...

Rockwell keeping costs in check

Vancouver-based Rockwell Diamonds has managed to keep operating costs at its South African mines below target, despite pressure from a stronger rand, the company said on Monday. Cash operating costs have remained below the target range of $3/t to...

Rockwell says will raise up to C$12,5m

Vancouver-based Rockwell Diamonds has plans in place to raise as much as C$12,5-million through a rights offering and by selling shares in a private placement, including to a new Chinese investor, the firm said on Wednesday. The company, which...

Rockwell seeks up to C$10m in rights offering, private placement combo

Vancouver-based Rockwell Diamonds is in the processing of securing purchase commitments to raise about C$7-million to C$10-million, likely through a combination rights offering and private placement. The funds will be used to strengthen the...

Rockwell signs up COO, looking to boost diamond output

With demand and prices for rough diamonds improving, and after cutting jobs and attacking operating costs earlier this year, Rockwell Diamonds is now starting to look at ways to increase output at its South African operations, chairperson David...

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...

Diamond juniors must merge to stay on the map – Rockwell chief

The diamond industry will go through a period of “consolidation and rationalisation” over the next year or so, and small producers must consider merger and acquisition activity if they want to survive the pruning, said Rockwell Diamonds CEO...

Rockwell settles wage negotiations with SA workers

Diamond-miner Rockwell Diamonds reported on Wednesday that it had settled industrial action at its Wouterspan mine, in South Africa, and that it had finalised wage negotiations with the National Union of Mineworkers (NUM). Rockwell has agreed on...