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Tjaart Willemse Rockwell
Rockwell CEO Quits as Business Rescue Continues
Rockwell Diamonds CEO Tjaart Willemse has resigned amid anongoing business-rescue process at the South Africa-focused miner.The company hired Willemse (pictured) last September to deal with the“crises” emanating from legal actions brought by mining...
Mining Jul 19, 2017 Rapaport News
Saxendrift Rockwell
Rockwell Sales Slump Amid Legal Woes
Rockwell Diamonds reported revenue dived 51 percent to $2.7million (CAD 3.5 million) in the third fiscal quarter as litigation forced thecompany to suspend operations at its Wouterspan mine in South Africa.Rough diamond sales plummeted 65 percent to $1.8 million(CAD...
Mining Jan 17, 2017 Rapaport News
Diamond Mine Sale Ushers in ‘New Rockwell’
Rockwell Diamonds has agreed to sell certain non-core assetsto Nelesco 318 Proprietary for $3.2 million (ZAR 45 million) as part of astrategic overhaul by new chief executive officer Tjaart Willemse.Rockwell did not say which assets...
Mining Dec 25, 2016 Rapaport News
Saxendrift Rockwell
Two Diamond Mines for Sale in South Africa
Rockwell Diamonds has put two of its diamond assets on the selling block in an attempt to lift the company from its state of despair. The junior miner said it started a process to sell theRemhoogte/Holsloot and Saxendrift mines...
Mining Nov 27, 2016 Rapaport News
Rockwell Names CFO to Assist in Restructuring
Rockwell Diamonds said Patrick Cooke has been appointed chieffinancial officer as the southern Africa-focused miner undergoes a strategicreview and restructuring.Cooke will be expected to help the company handle “historical legacy issues,” start up productionat the...
Mining Nov 14, 2016 Rapaport News
Rockwell Mine
Rockwell Mulls Asset Sales After Strategic Review
Rockwell Diamonds is considering offers forsome of its assets as the company attempts to improve its liquidity and workingcapital position.The South Africa-focused said it it doesnot need shareholder approval to execute any such deals. The announcement follows...
Mining Nov 03, 2016 Rapaport News
Rockwell Records Loss as Sales Slide
Rockwell Diamonds swung to a loss with revenue slumping in the second fiscal quarter, as mining grades and diamond prices fell.Sales dived 36 percent to $10 million (CAD 13.4 million) in the three months that ended August...
Mining Oct 31, 2016 Rapaport News
Rockwell Diamonds
Sales Slump Highlights 'Despair' at Rockwell
Rockwell Diamonds sales slumped in its fiscal second quarter because of operational and financial management issues at the South Africa-focused miner.Sales dropped 21 percent to $7.6 million after group production declined 15 percent to 4,747 carats during...
Mining Sep 25, 2016 Rapaport News
Rockwell Back in the Black After Restructuring
Rockwell Diamonds swung to a profit in the first fiscal quarter that ended May 31 due to improved productivity at its South Africa operations following a strategic review. The junior miner posted a profit of $438,000 (CAD 570,000) during...
Mining Jul 13, 2016 Rapaport News
James Campbell, CEO, Rockwell Diamonds
Rockwell Bounces Back as 1Q Sales Spike
Rockwell Diamonds reported rough sales surged 40 percent inthe first fiscal quarter following a restructuring to reverse a slump in theminer’s performance.Revenue jumped to $9.3 million in the three months thatended May 31, while sales by volume jumped...
Mining Jun 16, 2016 Rapaport News
Trans Hex
Trans Hex Hit by ‘23.5% Drop’ in Diamond Prices
Trans Hex Group, a diamond miner focused onSouth Africa and Angola, swung to a loss and reported a slump in sales drivenpartly by plummeting diamond prices.Revenue slid 29 percent to $43.1 million(ZAR 671.4 million) and the company reported...
Mining Jun 02, 2016 Rapaport News
James Campbell, CEO, Rockwell Diamonds
Rockwell Nearly Doubles Loss in Fiscal 2016
Rockwell Diamonds’ sales slumped and its loss almost doubledin the past fiscal year which also saw the miner announce a restructuring aimedat reviving the company’s fortunes. Revenue slumped 30 percent to $36.1 million...
Mining Jun 02, 2016 Rapaport News
Rockwell Diamonds
Rockwell Diamonds Sales Plunge in 4Q
Rockwell Diamonds reported sales slumped in its fiscal fourth quarter while the company is shifting focus at its South Africa-based operations.Sales fell 45 percent year on year to $7.1 million during the three months that ended...
Mining Apr 26, 2016 Rapaport News
Rockwell Diamonds
Rockwell Diamonds' Production +3%, Revenue +8% in 4Q
Rockwell Diamonds Inc. reported that production rose 2.6 percent year on year to 6,932 carats in the fourth quarter that ended on February 28. Revenue increased 7.8 percent to $13.1 million as the average price for...
Mining Apr 20, 2015 Jeff Miller
Rockwell's Three Acquired Alluvial Properties to Enhance Production
Rockwell Diamonds Inc. conditionally agreed to acquire three alluvial diamond properties, and an associated plant and equipment, from Bondeo 140 CC and its affiliates in an effort to extend its footprint across the Middle Orange River...
Mining Feb 06, 2015 Jeff Miller
Rockwell's 3Q Revenue +59%, Loss Widens to $5M
Rockwell Diamonds, a junior alluvial diamond miner, reported that revenue increased 59 percent year on year to $15.8 million (CAD18.9 million) during the third quarter that ended on November 30. Sales were given a boost from...
Mining Jan 14, 2015 Ronen Shnidman
Rockwell to Purchase Alluvial Properties From Bondeo and Affiliates
Rockwell Diamonds Inc. entered into a conditional agreement to acquire alluvial diamond properties and associated equipment from Bondeo 140 CC and its affiliates for $28.5 million (ZAR 284.2 million). The assets are contiguous...
Mining Jan 06, 2015 Jeff Miller
Rockwell Diamonds
Rockwell's 2Q Production +36%, Sales +55%
Rockwell Diamonds' production rose 36 percent year on year to 9,581 carats in the second fiscal quarter that ended on August 31, while the value of its diamond sales rose 55 percent to $13.2 million. The company sold...
Rough Markets Sep 22, 2014 Jeff Miller
Rockwell Diamonds
Rockwell Diamonds Reports 1Q Profit
Rockwell Diamonds Inc. reported a profit of $345,000 in the first quarter that ended on May 31 compared with a loss of $1.2 million one year ago. Revenue rose 67 percent year on year to $15.1 million, with $9.7 million...
Financial-Legal Jul 11, 2014 Jeff Miller
Rockwell Diamonds' 1Q Sales +15%, Production +90%
Rockwell Diamonds reported that rough sales rose 15 percent year on year to $8.76 million for the first quarter that ended on May 31. The company sold 6,677 carats, an increase of 34 percent from one year...
Mining Jun 26, 2014 Jeff Miller
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