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Mining
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May 20, 2013
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Jeff Miller
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Rockwell Diamonds' 4Q Revenue +19%
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Rockwell Diamonds Inc. reported a 19 percent year-on-year increase in sales to $7.2 million for the fourth fiscal quarter that ended on February 28. The company sold 5,308 carats during the period at an average price of $1,355...
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Mining
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May 08, 2013
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Jeff Miller
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Rockwell Diamonds' Production -5%
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Rockwell Diamonds reported that its production fell 5 percent year on year to 4,043 carats for the fourth quarter that ended on February 28. Rough diamond production from its Saxendrift property jumped 34 percent to 1,929...
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Mining
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May 07, 2013
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Jeff Miller
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Mining
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Apr 16, 2013
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Jeff Miller
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Rockwell Completes Acquisition of the Jasper Mine
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Rockwell Diamonds Inc. acquired the Jasper mine by settling the purchase consideration through an issuance of shares. The agreement to acquire Jasper, which is contiguous to Rockwell's Saxendrift mine, was also part of the transaction intended to unwind...
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Mining
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Mar 20, 2013
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Jeff Miller
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Mining
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Dec 03, 2012
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Jeff Miller
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Rockwell's 2Q Production +14%
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Rockwell Diamonds reported that rough diamond production grew 14 percent year on year to 4,218 carats for its second quarter, which ended on August 31. The company's Saxendrift and Jasper projects produced 1,876 carats,...
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Mining
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Sep 12, 2012
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Jeff Miller
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Rockwell's Shareholders Re-elect Bristow and Campbell
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Shareholders of Rockwell Diamonds Inc. re-elected Mark Bristow as chairman, James Campbell as president, and Dr. Willem Jacobs, Richard Linnell, Johan van't Hof and Stephen Dietrich as directors of the company. Board members David Copeland...
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Mining
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Aug 31, 2012
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Jeff Miller
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Rockwell Diamonds' Loss Grows to $3M
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Rockwell Diamonds reported that its first quarter revenue fell 17 percent year on year to $7.1 million for the three months that ended on May 31, while production costs rose 16 percent to $6.9 million. The...
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Financial-Legal
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Jul 13, 2012
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Jeff Miller
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Rockwell's 1Q Carat Recovery Jumps 105%
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Rockwell Diamonds Inc. provided a production update from four recovery projects and reported that it had produced 6,116 carats, or more than twice the number from one year ago, for the company's first...
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Mining
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Jun 25, 2012
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Jeff Miller
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Rockwell's FY Revenue -20%, Net Loss Grows to $14M
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Rockwell Diamonds reported that revenue fell 20 percent year on year to $34.2 million for its fiscal year 2012, which ended on February 29, 2012. Sales from rough diamonds dropped 30 percent to $26.4 million, while...
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Financial-Legal
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May 25, 2012
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Jeff Miller
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Rockwell Implements Strategic Equipment at Saxendrift
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Rockwell Diamonds implemented a new in-field screen and a bulk x-ray and single particle sorter plant at its Saxendrift diamond mine. These two strategic projects were the first capital expenses approved by the company's...
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Mining
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May 22, 2012
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Deena Taylor
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Rockwell Updates 4Q Sales to $6M
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Rockwell Diamonds updated a preview of its fourth-quarter rough sales for fiscal-year 2012, during which company proceeds reached $6 million for 5,795 carats. During Rockwell's fourth-quarter of fiscal-year 2011, revenue exceeded $9.2 million. The...
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Rough Markets
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May 02, 2012
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Jeff Miller
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Rockwell's 4Q Production +77%
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Rockwell Diamonds will report its fiscal 2012 financial results in May, but today the junior miner updated investors on its production results for the fourth-quarter. Rockwell Diamonds' total production rose 77 percent to 4,022...
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Mining
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Apr 17, 2012
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Jeff Miller
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Rockwell Restructures Agreement with AVR
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Rockwell Diamonds reached an agreement with Africa Vanguard Resources (AVR) with respect to acquiring the Jasper diamond mine property, which is contiguous to Rockwell's Saxendrift mine and has the potential to extend the life of Saxendrift...
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Mining
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Mar 19, 2012
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Jeff Miller
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Rockwell Diamonds 3Q Revenues -25%
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Rockwell Diamonds reported that revenues fell 25 percent year on year to $8.2 million in its third fiscal quarter that ended on November 30, 2011. Revenue was dinged by lower prices for rough diamonds and a drop...
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Mining
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Jan 13, 2012
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Dilipp S Nag
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Rockwell Diamonds Expects Lower 3Q Revenue
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Rockwell Diamonds Inc. provided a third-quarter preview, stating that diamond recovery at its Saxendrift mine beat forecasts and that one stone exceeded 100 carats. Preliminary third-quarter-fiscal 2012 sales, however, would be about 46 percent...
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Mining
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Dec 15, 2011
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Jeff Miller
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Rockwell Diamonds, NUM Reach Agreement
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Rockwell Diamonds reached an agreement with the National Union of Mineworkers (NUM) to convert its Northern Cape operations, which include the Saxendrift and Klipdam mines in South Africa, into continuous operations. The application for...
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Mining
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Nov 15, 2011
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Jeff Miller
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Rockwell Completes Tirisano Acquisition
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Rockwell Diamonds Inc. completed its acquisition of the Tirisano Mine project in South Africa. Rockwell agreed to purchase Tirisano, formerly Blue Gum, in September 2010 for $4.65 million, which was funded by $2.01 million in internal funds along with equity funds, through issuing 2.6 million Rockwell...
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Mining
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Oct 11, 2011
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Jeff Miller
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Rockwell Appoints Mark Bristow as Chairman
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Rockwell Diamonds appointed Mark Bristow as a non-executive chairman to fill the vacancy left by David Copeland, who stepped down from that role. Copeland will, however, remain on the board as a non-executive director. Johan van't Hof...
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Mining
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Oct 03, 2011
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Jeff Miller
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