CML welcomes Rockwell Diamonds’ business rescue process

23rd May 2017

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online


Font size: - +

JOHANNESBURG ( – C-Rock Mining Limited (CML), the company that brought a provisional liquidation application against three subsidiaries of Rockwell Diamonds, has welcomed the court’s decision to place the subsidiaries under business rescue.

CML had previously applied to have the three subsidiaries – Rockwell Resources, HC van Wyk Diamonds and Saxendrift Mine – placed in interim liquidation, stating that Rockwell owed it some R146-million.

Speaking to Mining Weekly Online in a telephone interview on Tuesday, a CML representative said the business rescue process afforded the contractor a chance to recover some of the money owed to it.

“Our dispute with Rockwell is based on contracts that were signed with them, including work done on earthmoving machines and the construction of the R77-million Wouterspan plant,” the representative said.

This, he noted, has resulted in CML retrenching 300 employees, as it could not pay them. The employees are still awaiting payment.

He added that CML would not have been able to obtain the provisional liquidation order, had its claim not been valid and had there not been any monies outstanding.

Rockwell, which made changes to its senior management at the end of 2016, in March said CML had based its litigation on a service level agreement that it believed, following an internal forensic investigation, had been awarded under “irregular” circumstances.

CML, however, disputes that the contracts were “irregular” and a product of “fraudulent activities”.

“There is nothing there. In their so-called forensic report, Rockwell also mentions that invoices were made out to CML. Those invoices do not exist, they are not in our system,” he stated.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online


The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?