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Latest Rockwell Diamonds Inc. Stories

2011-08-11 16:09:00

VANCOUVER, Aug. 11, 2011 /PRNewswire/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX:RDI) (JSE:RDI) (OTCBB:RDIAF) announces results for the three months ended May 31, 2011. Highlights: -- Beneficiation revenue from joint venture with Steinmetz trebled to $943,842 -- Stable total revenue of $8.5 million -- Continued diamond price strength with average price increasing marginally to US$1,631 per carat -- 19%...

2011-08-08 07:30:00

VANCOUVER, Aug. 8, 2011 /PRNewswire/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX:RDI; JSE:RDI, OTCBB:RDIAF) announced today that its Saxendrift mine produced a windfall day's production on August 2, 2011 and stated it had received confirmation of the Section 11 cession by the Department of Mineral Resources (DMR) for its Tirisano acquisition. An extraordinary day's production at Saxendrift on Tuesday August 2, 2011: On Tuesday August 2, 2011 373 carats were...

2011-08-02 07:30:00

VANCOUVER, Aug. 2, 2011 /PRNewswire/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAD) updates the results of preliminary assessments of its alluvial diamond deposits on its properties in South Africa. Rockwell is focused on increasing production to 10,000 carats per month within five years. The Company has the capacity to deliver this growth, organically, through the development of its significant resource base, and is advancing plans to...

2011-07-20 17:40:00

VANCOUVER, July 20, 2011 /PRNewswire/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI) (JSE: RDI) (OTCBB: RDIAF) announces the results of an independent valuation of the Company and the support of a key strategic shareholder in the current private placement. The valuation, dated February 28, 2011, was conducted by Jennifer Lucas, MBA, CBV, ASA, of Evans & Evans Inc. following an in depth review of the Company's publicly available information and filings in addition...

2011-07-04 07:30:00

VANCOUVER, July 4, 2011 /PRNewswire/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) announces progress with the diamond value management programmes which it recently initiated to enhance diamond recoveries as well as changes to the board of directors and management team. Diamond value management update: Following on from the strategic review which was conducted at the beginning of the 2011 calendar year, Rockwell is taking further...

2011-06-10 07:10:00

VANCOUVER, June 10, 2011 /PRNewswire/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI, OTCBB: RDIAF) announces a strategic refinancing plan and that it has entered into an agreement with Daboll Consultants Ltd., an affiliate of the Steinmetz  Diamond Group ("Steinmetz"), to borrow $2 million under a convertible bridge loan ("Loan"). The loan bears interest at a rate of 5% p.a. and is unsecured. If the Loan is not repaid after 12 months it will become...

2011-05-31 08:08:00

Announces probable reserves at Saxendrift Preliminary assessments of Wouterspan, Tirisano and Niewejaarskraal VANCOUVER, May 31, 2011 /PRNewswire/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) is pleased to announce the release of updated mineral resource estimates for its alluvial diamond deposits on its properties in South Africa. At the time that Rockwell was founded in 2006, the Company started developing a proprietary resource...

2011-05-30 18:37:00

VANCOUVER, May 30, 2011 /PRNewswire/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI) (JSE: RDI) (OTCBB: RDIAF) announces results for the three and twelve months ended February 28, 2011. Highlights: -- Operating profit of $4.0 million, a turnaround of $7.5 million from a $3.6 million operating loss in 2010 -- 43% year-on-year increase in revenue to $42.5 million -- 35% increase in average price to US$1,365 per carat and 2%...

2011-05-11 10:13:00

VANCOUVER, May 11 /PRNewswire-FirstCall/ - Rockwell Diamonds Inc. ("Rockwell Diamonds" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) is pleased to announce the appointment of Mr. James Campbell as President and Chief Executive Officer of the Company with effect from 1 June 2011. James joins Rockwell Diamonds from Lucara Diamond Corp where he was the Vice President - New Business. Prior to this he was Managing Director of African Diamonds plc ("AFD"), listed on London AIM and...

2011-01-18 09:00:00

VANCOUVER, Jan. 18 /PRNewswire-FirstCall/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSXV: RDI; JSE: RDI; OTCBB: RDIAF) announces that it will file amended unaudited quarterly financial statements and Management Discussion and Analysis for the three and nine months ending November 30, 2010. The reason for the amendment is to eliminate contract mining fees of $5.3 million previously included in both the Company's revenue and cost of sales. Rockwell's revenue for the...