Rockwell says Wouterspan economics sufficient to move to next stage

TSX- and JSE-listed diamond miner Rockwell Diamonds has completed a positive preliminary economic assessment study for its Wouterspan alluvial diamond project, which is central to its Middle Orange River strategy. The study indicated “positive...

Resources Watch

This week: Amplats says the increased recycled platinum supply is hobbling mining. Diamond market sentiment is 'cautiously positive', says Rockwell. And, Amplats offers new non-mining jobs for every mining job lost.

Rockwell expects slightly increasing diamond price trend as it opens new mine

Cautious optimism is returning to the diamond market after tough conditions prevailed for the most part of last year. Diamond market sentiment is currently “cautiously positive”, is the view of Rockwell Diamond CEO James Campbell, who was...

Rockwell’s new Tirisano plant commissioned, market seen bottomed out

South African diamond miner Rockwell Diamonds on Thursday said it had successfully commissioned a new 50 000 m3/m plant at its Tirisano property, following implementation of a new mine plan to allow for the mining of higher-grade gravels with a...

Rockwell reports Q1 gem sales of $5.9m

Alluvial diamond mining company Rockwell Diamonds reported on Wednesday that its diamond sales for the first quarter of its 2013 financial year reached 6 234 ct and generated $5.9-million. The average price a carat for the quarter was $944 and...

Alluvial diamond mining not as risky as industry believes

There is a false perception in the marketplace and among investors that it is risky to invest in alluvial diamond mining companies, as the exact location of alluvial diamond deposits cannot be determined before extraction, says alluvial diamond...

Rockwell turnaround still 'work in progress', says CEO

Alluvial gem miner Rockwell Diamonds said on Friday the loss of $13.7-million for the 2012 financial year reflected the impact of the strategic decisions that were taken to place the company on solid footing. This formed part of Rockwell’s...

Rockwell Diamonds nets $6m in Q4 sales

Alluvial gem miner Rockwell Diamonds generated $6-million from the sale of 5 795 ct in fourth quarter, the company reported on Wednesday. The company achieved an average price of $1 041/ct, which compares with $1 430/ct in the final quarter of...

Resources Watch

This week: Government-enforced stoppages deny Amplats 109 000 nonfatal ounces. DRDGold looks forward to being a ‘gold factory’. And, expected strong fundamentals augur well for Rockwell Diamonds’ future growth.

Diamond junior says expected strong fundamentals augur well for future growth

South African diamond-miner Rockwell Diamonds’ future development strategy and long-term expansion plans will rely on a combination of consistent carat production, successful proof of concept technology testing at its mines in the Northern Cape...

Resources Watch

This week: Rockwell Diamonds trims its capital raising down to C$20-million. Kumba Iron Ore requires R20-billion to R30-billion capex for 70-million tons a year. And, Amplats pursues shallow reef and delays its deep capital-intensive projects.

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...