Rockwell Diamonds
Encyclopedia
Rockwell Diamonds is a mid-tier diamond mining
and development company. The Company has an interest in several 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 which was widely reported in the media.
under the symbol RDI and the Over-the-Counter Bulletin Board and trades under the symbol RDIAF.
All of the above are producing mines, with no exploration risk or costs attached to them. Rockwell currently 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 currently on care and maintenance. All of these operations are located in the Northern Cape Province of South Africa.
based Pala Investments Holdings Limited made takeover bid on the company which was resisted by the minority directors of the company.
In May 2010 Financial Times
reported again that Rockwell Diamonds is a potential target for takeover.
Further, Rockwell production is said to be high value gem diamonds from alluvial mining operations. 70% of Rockwell production is +2 carat
s per stone +2 carat stones represent 7% of annual world production, but 45% of value.
Diamond Mine
Diamond Mine is the second album by Blue Rodeo, released in 1989. It includes several instrumental interludes by Bob Wiseman between songs.-Track listing:All songs by Greg Keelor and Jim Cuddy.#"Swells"#"God and Country" – 3:32#"How Long" – 3:59...
and development company. The Company has an interest in several 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 which was widely reported in the media.
Company profile
Rockwell is listed on the Johannesburg Stock Exchange (JSE) under the symbol RDI, the TSXToronto Stock Exchange
Toronto Stock Exchange is the largest stock exchange in Canada, the third largest in North America and the seventh largest in the world by market capitalisation. Based in Canada's largest city, Toronto, it is owned by and operated as a subsidiary of the TMX Group for the trading of senior equities...
under the symbol RDI and the Over-the-Counter Bulletin Board and trades under the symbol RDIAF.
Properties and projects
Following is the list of this company's mines:- Holpan-Klipdam Property
- Wouterspan Property
- Saxendrift & South Bank Middle Orange River Operations
- Niewejaarskraal & South Bank Middle Orange River Operations
All of the above are producing mines, with no exploration risk or costs attached to them. Rockwell currently 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 currently 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 SwitzerlandSwitzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....
based Pala Investments Holdings Limited made takeover bid on the company which was resisted by the minority directors of the company.
In May 2010 Financial Times
Financial Times
The Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....
reported again that Rockwell Diamonds is a potential target for takeover.
Value proposition: an established high value diamond producer
Rockwell Diamonds is an established diamond producer. As per the company sources unlike many other diamond mining companies, it has no exploration risk.Further, Rockwell production is said to be high value gem diamonds from alluvial mining operations. 70% of Rockwell production is +2 carat
Carat
Carat or karat may refer to:In the gem business:* Carat , a unit of mass for gemstones, equal to 0.2 gram* Carat or karat, a unit of purity for goldIn Judaism:...
s per stone +2 carat stones represent 7% of annual world production, but 45% of value.