Type Public company Website RockwellDiamonds.com Founded 1988 | Industry Mining Headquarters South Africa | |
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Traded as JSE: RDI
TSX: RDI
OTC Pink: RDIAF Key people James Campbell CEO, Mark Bristow, Chairman Products Rough high value diamonds Stock price RDI (TSE) CA$ 0.06 0.00 (0.00%)20 Mar, 4:00 PM GMT-4 - Disclaimer Subsidiaries Rockwell Diamonds North West Proprietary Limited Profiles | ||
Rockwell Diamonds is a mid-tier diamond mining and development company. The company has an interest in producing and exploration alluvial diamond properties in southern Africa. The stocks of the company trade on South African, Canadian, and American exchanges. The company was recently in the news due to a hostile takeover bid that was attempted by Pala Investments Holdings Limited.
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In April 2013, the firm sold its Klipdam mine in South Africa to a private diamond miner for R23 million. Rockwell announced it would reinvest the money in the Niewejaarskraal mine and into the growth of the company’s footprint in the Middle Orange River region.
Company profile
Rockwell is listed on the Johannesburg Stock Exchange (JSE) under the symbol RDI, the TSX under the symbol RDI and the Over-the-Counter Bulletin Board and trades under the symbol RDIAF.
Properties and projects
The company's mines are:
All are producing mines, with no exploration risk or costs attached to them. Rockwell operates the Holpan and Klipdam mines north of Kimberley, and the Saxendift mine on the Middle Orange River ("MOR") southwest of Kimberley. The Wouterspan mine, also located on the MOR, is on care and maintenance. All of these operations are located in the Northern Cape Province of South Africa.
Takeover target
Rockwell Diamonds Inc was in news in 2009 when Switzerland based Pala Investments Holdings Limited made takeover bid on the company which was resisted by the minority directors of the company.
In May 2010 the Financial Times reported again that Rockwell Diamonds was a target for takeover.