I N F O Thread ROCKWELL DIAMONDS - 500 Beiträge pro Seite

[TimLuca [KommA]]

Guten Abend an Alle ROCKWELL DIAMONDS interessierten!!!!

Auf Grund der super Sammlungen von @donnerpower und ein paar anderen, eröffne ich hier einen


I N F O - Thread zu Rockwell Diamonds


Ich bitte darum, hier nur Infos reinzustellen die mit Rockwell Diamonds in Verbindung gesetzt werden könnne!!!

Charts gehören in den Chart Thread und diskutieren können wir weiterhin im Hauptthread von @donnerpower!!!!!

Hier gleich vorab mal ein großes Lob an @Donnerpower für die Arbeit der Zusammenstellung der Infos und Respekt vor der Arbeit die dahinter steckt!!!

VIELEN DANK!!!!


BITTE HALTET EUCH DARAN !!!!!

Danke

TimLuca




Bild Quelle:http://www.rockwelldiamonds.com


EILIG !

Die Finanzkrise ist für viele auch eine Jahrhundert Chance, noch nie war es möglich Werte weit unter Buchwert zukaufen.Jetzt werden mehrere 100% in kürzester Zeit mit solch einer hohen Anzahl von Werten getradet, die selbst nach gewaltigen Anstiegen immer noch unterbewertet sind.

Die Finanzkrise hat den ganzen Markt mit nach unten gezogen, Banken und Fonds haben auf Teufel komm raus alles verkauft um an Cash zu kommen. Der Markt hat sich nun wieder etwas erholt, doch auch heute sehen wir noch viele Werte die ohne Abverkauf durch den BörsenCrash 2008/2009 noch immer am Boden und sogar unter Buchwert liegen.

Parade Beispiele dafür sind Unternehmen, die wir alle zusammen aufgespürt haben und über W.O. in Deutschland erstmals bekannt gemacht haben.


Western Can Coal, Opti Can, Bumi Resources, Avi Biopharma, Modern Beauty Salon, Macarthur Coal, Bankers Petroleum, Puda Coal und viele mehr...


Alle diese Werte konnten teilweise mit mehreren 100% outperformen und Anlegern traumhafte Gewinne bescheren.
Zeitintensive Recherche auf der einen Seite und das Glück eines frühen Einstieg auf der anderen Seite, haben schnell die Verluste der letzten Jahre vergessen macht. Großen Dank auch an Wallstreet-online ich finde eines der besten Börsen Community Boards die ich kenne. Gerade hier findet man viele interessante Leute die jede Menge Erfahrung aus unterschiedlichen Branchen mitbringen.


Um auf den Punkt zukommen: Letzte Woche war ich auf der Suche, um einen weiteren unterbewerten Rohstofftitel zu entdecken. Einen Wert, der durch die Finanzkrise mit zu Boden gerissen wurden und der noch das vor sich hat, was die anderen genannten Werte schon outperformt haben. Ich bin dabei auf eine kleine Sensation gestoßen.

Als ich mir das Unternehmen Pala Investments…(ein Milliarden schwerer Rohstoff-Fond, besteht unter anderem aus Mitarbeitern führender Rohstoff Konzerne, wie Mechel oder auch Finanzhäusern wie Goldmann Sachs.. dessen Ziel ist es die Führung durch Aktienübernahmen vieler Rohstofffirmen, wie zum Beispiel bei Coalcorp Mining zu erlangen)Dann habe ich mir die Sache genauer angeschaut, welche weiteren Übernahmen in Zukunft geplant sind. Am Ende meiner Recherche war ich absolut begeistert, welche unglaubliche Chance - sich noch völlig unentdeckt im Markt verbirgt!


Der Wert ROCKWELL DIAMONDS



ROCKWELL DIAMONDS ist ein Diamanten Produzent der Gewinne schreibt!!!

Hier erstmal ein paar Daten:

Market Cap: 15,5 Mio. CAD
Shares : 284 Mio.
Cash: 6,8 Mio. CAD
Kurzfr. Verbindlichkeiten: 4,3 Mio. CAD[/red]

Gesamt Assets die im Buch sogar schon fest geschrieben sind (mit Diamanten, Inventar und restricted Cash) belaufen sich auf 22,8 Mio. CAD!!!

Börse: Toronto
Kürzel: RDI

Aus dem letzten Finanzbericht

o An operating profit of $9.5 million.
o A net profit of $4.5 million or $0.02 per share

Der ganze Bericht auf Deutsch bei comdirect unter :http://isht.comdirect.de/html/detail/main.html?sSym=RDI.TOR&…


Hier paar Infos über das Unternehmen ROCKWELL DIAMONDS:

Dazu ein Bericht von Analysten des Smallcap-Investor aus dem Netz gezogen den ich finden konnte:


Die Analysten des Smallcap-Investor haben folgenden interessanten Bericht über Rockwell Diamonds veröffentlicht:

Lange Zeit habe ich mir geschworen, keine Diamantenfirmen mehr aufzunehmen. Zu schwierig ist das Auffinden von Diamanten bzw. das Auffinden einer wirtschaftlichen Menge. Jedoch bin ich vor ein paar Monaten auf eine Firma gestoßen, die bereits Diamanten fördert und diese Produktion auch noch in den nächsten Quartalen massiv ausbauen will. Sie fördert jedoch keine Diamanten aus „Kimberlit-Pipe“, sondern so genannte alluviale Lagerstätten. Neben der weit aus billigeren Produktion, liegt der Vorteil auch noch im Auffinden von überdurchschnittlich großen Diamanten und diese sind sehr selten und erzielen damit einen deutlich höheren Preis als „normale“ Diamanten.

Was sind nun alluviale Diamantenfelder?
Alluviale Diamantenfelder oder auch diamantführende Seifen genannt, entstehen durch die große mechanische und chemische Widerstandsfähigkeit des Minerals. Im speziellen Fall von alluvialen Diamantfeldern entstehen diese Anreicherungen in Flussläufen. Vereinfacht ausgedrückt, werden Diamanten über Millionen von Jahren von den „Kimberlit-Pipes“ ausgewaschen und an ruhigen Flussläufen/Biegungen abgelagert. Sehr bekannte Diamantenseifen gibt es am Bow River in Westaustralien, welche Flussabwärts der Diamanten Pipe Argyle AK1 liegt und am Orange River in SW-Africa, wo auch Rockwell (WKN A0MSE9) seine Vorkommen hat. Der erste große Diamant Südafrikas (Eureka mit 21,5 ct) wurde 1866 am Orange River gefunden und hat danach erst den Diamantenboom ausgelöst.

Derzeit drei 3 aktive Minen!
In Südafrika produziert Rockwell derzeit in den Minen Wouterspan, Holpan und Klipdam. Derzeit werden pro Monat rund 2.000 bis 2.500 Karat produziert. Im Februar 2008 betrug der durchschnittliche Verkaufspreis pro Karat 2.450 US$ was deutlich über dem durchschnittlichen Preis von Diamanten liegt.

Expansion durch Akquisition!
Rockwell will durch den Ausbau der bestehenden Produktion und durch neue Akquisitionen deutlich wachsen. Für 2009 soll die Produktion schon auf 4.000 Karat pro Monat erhöht werden und für 2011 plant das Unternehmen eine weitere Steigerung auf 7.000 bis 8.000 Karat pro Monat. Die Akquisitionen sollen vor allem im Bereich des Middle Orange River passieren. Zu diesem Zweck wurde bereits ein Abkommen mit der Trans Hex Group hinsichtlich des Erwerbes von zwei alluvialen Tagebau-Diamantenminen abgeschlossen. Des weiteren hat das Unternehmen ein alluviales Diamantprojekt nahe des Flusses Kwango in der Provinz Bandundu im Kongo (DRC) erworben.

Management:
Ausgesprochen hochkarätig setzt sich das Management von Rockwell zusammen. Neben Ex-DeBeers Leuten sind auch einige Diamantenexperten an Bord. Sehr positiv ist auch, dass das Unternehmen ein Mitgliede der Hunter Dickinson Gruppe (HDI) ist, die einen hervorragenden Ruf in der Rohstoffbranche genießt. 2004 erhielt HDI eine Auszeichnung als „Entrepreneur of the Year“ für die Minen Branche und hat in den vergangenen Jahren über 750 Mio. € Eigenkapital für ihre Beteiligungen aufgestellt. Damit verfügt das Unternehmen über einen erstklassigen Zugang zum Kapital und zu einem Team von Bergbauingenieuren, Geowissenschaftlern und anerkannten Branchenexperten.


Quelle: http://www.small-cap-news.de/pdf/653_10042008rockwell.pdf


Alles in allem kann man jetzt schon sagen der Wert ist mit einer Bewertung von 15,5 Mio$ sehr stark unterbewert, vor dem Hintergrund das RDI Gewinne schreibt und 2010/2011 seine Produktion weiter ausbauen will.
Ich muss aber auch um vollständig zu sein, erwähnen, dass neben den gefallen Rohstoffnotierungen wie Öl, Kupfer, Kohle usw. auch der Diamantenpreis gefallen ist. Doch auch dieser wird durch weiter steigende Nachfrage ebenso Erholung erfahren, wie andere Rohstoffe und sieht sich darüber hinaus einer zukünftig, starken Nachfrage vor allem aus China, Russland und Indien gegenüber, wo immer mehr Menschen Luxusgüter für erstrebenswert halten und sich diese leisten, darüber hinaus finden Diamanten auch in der Industrie vielfältigste Verwendungsarten.

Das soll es aber noch nicht gewesen sein, den jetzt fängt die Geschichte erst richtig an interessant zu werden!
Rockwell Diamonds steht meiner Ansicht nach vor einer völligen Neubewertung in den nächsten Tagen. Bis zum 17.06. sollte der Kurs geradezu explodieren!

Pala hat bereits ein Übernahmeangebot für Rockwell zu 0,36$ vor Monaten abgegeben!
Dieses Angebot war der Führung von RDI zu gering, obwohl dieser damals schon 80% über den aktuellen Kurs stand.

Pala ging weiter und machte ein Termin mit der Führung wo sogar schon Kurse von 0,40$ vorher geboten wurden.
Zu diesem Termin kam es aber nicht da Pala gegen die Börsenauflagen Südafrikas verstoßen hatte. Was war passiert? Pala hat vor dem wichtigen Treffen einfach schon hinter dem Rücken der RDI Führung ein Übernahmeangebot per Post an die Aktionäre versendet.

Als die Führung davon Wind bekam, hat sie allen Aktionären davon abgeraten das Angebot anzunehmen und Pala vorläufig durch die Börsenaufsicht verbieten lassen weitere Schritte einzuleiten.


Hier der Bericht von der Börsenaufsicht :
http://www.investor-sms.de/content/pdf/9382

Und nun die Antwort, warum dieser Wert jetzt massiv bis zum 17.06. steigen wird.

Hier die Antwort:
Am 17.06 sind nun die längst überfälligen Gespräche der Führung von Pala und der Führung von RDI angesetzt, wo alles geklärt werden soll...und nun schaut euch nur an, WER hier vor kurzem weiter kräftig eingesammelt hat!

Hoffe der Name sagt euch mit Sicherheit was:

Vladimir Iorich Einer der Öl-Milliardäre in Russland überhaupt

http://www.canadianinsider.com/coReport/allTransactions.php?…

Nun mal alles zusammengefasst :

FAKT:

1. Es gibt ein Übernahmepreis von 0,36 CAD , das wäre ein Aufschlag von über 500% vom aktuellen Kurs 0,065 CAD aus!!!

2. Das Unternehmen will nicht verkaufen und stellt sich „noch“ quer...daraus folgt sogar die Spekulation auf ein noch höheren Preis!

3. Seit ein Tagen gibt es nur Sammler in Toronto.

4. Der russische Milliardär, ein besseren Insider gibt es nicht, alleine ER, hat im Mai noch mal 4.50 Mio Shares eingekauft!!!

5. Das Unternehmen erwirtschaftet Gewinne.

6. Cashbestand von 6-7 Mio. Dollar.

7. Produktion soll ab 2010 verdoppelt werden!

8. Die Diamantenfelder deren riesiges Potential noch lange nicht zu Ende exploriert ist




Hier der wichtige Termin wo man schon sehen kann das es zu Einigung kommen könnte


Rockwell Responds to Pala's Meeting


Rockwell Diamond's Executive Directors Comment on the Special Shareholders Meeting and Plans

VANCOUVER, May 20, 2009 /PRNewswire-FirstCall via COMTEX News Network/ --
RockwellDiamonds ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI; OTCBB:RDIAF) Executive Directors comment on the special shareholders meetingand plans.

Introduction

On April 29, 2009, PalaInvestments Holdings Limited ("Pala"), which holds 19.9% of Rockwell'sissued share capital, announced in Toronto that it had requisitioned ameeting of Rockwell shareholders to be held on June 17, 2009 to vote onthe appointment of three proposed new directors and to terminate theshareholders rights plan.

Response by the Executive Directors of Rockwell

Threedirectors of Rockwell, namely John Bristow, CEO, David CopelandChairman, and Mark Bristow, Director (herein the "Executive Directors")issued this press release today in their own names and not on behalf ofany other Rockwell director. The Executive Directors are responding tothe special shareholders meeting requisitioned by Pala.

Firstly,the Executive Directors consider the calling of the Special Meeting byPala to be completely unnecessary as Rockwell's counsel had alreadyadvised Pala that the Annual General Meeting of Rockwell shareholderswould be held in July 2009, within the four month period for therequisitioned special meeting. Shareholders and management will nowsuffer the costs and distraction of two shareholders meetings in quicksuccession.

"On behalf of the three Executive Directors I wantto set the record straight," said David Copeland, Chairman. "We seePala's proposal to terminate Rockwell's shareholders rights plan and toremove the Executive Directors as yet another attempt to control theCompany - this time, as a kind of cashless takeover. The informationcircular prepared by the Executive Directors on behalf of Rockwell thatwill be mailed to shareholders in due course will offer a competingfinancial plan and going-forward vision that will protect the interestsof all our shareholders."

Since September 2008, Rockwell'smanagement has been subjected to ongoing attacks by Pala - a minorityshareholder, placing considerable strain on the Company's financialresources and management time. In spite of this, the Company hasproactively addressed the challenges of the global economic crisis,which have adversely impacted on diamond prices. The management teamhas steadily improved and enhanced operational activities,productivities have increased and operational costs have continued todecrease. Prices for diamonds are also showing some signs ofimprovement and the Executive Directors believe the worst is behind us.

In spite of the additional challenges presented by Pala'snegative actions, the executive team has, through its networks andmanagement skills, been able to attract and retain skilled technicaland operations management with key engineering expertise, and we arealso actively seeking out additional senior level executives for theroles of Chief Operating Office and, in due course, a successor ChiefExecutive Officer to strengthen the executive and operations team. TheCompany is now well positioned for long term competitive growth, and tobenefit from improved diamond prices as world economies emerge fromrecession.

Mr. Copeland added, "It seems clear to us that Palaintends to terminate our existing shareholder rights plan so they cancement their control over Rockwell through a rights offering or otherfinancing that they will dominate. This is clearly a continuation ofthe failed takeover attempt they launched last year, only this timethey are seeking to control the Company without offering to payshareholders any control premium at all. Shareholders will see in ourcircular that we have a competing plan that will not just hand overcontrol to anybody."

The Executive Directors are committed toproviding our shareholders with regular updates on all developments ofyour Company in advance of the Special Meeting, in addition to themandated information circular.

The Executive Directors areestablishing a purpose-specific web site where additional informationis made available to shareholders relating to the issues concerning theSpecial Meeting. This site will be updated regularly and kept currentleading up to the Special Meeting on June 17, 2009.


PS nochmal die Info von damals :

Rockwell Diamonds Inc. (WKN A0MSE9) erhält ein Übernahmeangebot von Pala Investments!


Was gestern bei Rockwell Diamonds (WKN A0MSE9) passiert ist, könnte wohl in wenigen Wochen viele Companys betreffen. Denn viele Aktien sind schon so tief gefallen, dass feindliche Übernahmen immer wahrscheinlicher werden.


Gestern wurde von PALA INVESTMENTS ein unaufgefordertes Übernahmeangebot an Rockwell (Diamantenproduzent – wir haben die Aktie vor ein paar Monaten vorgestellt) gelegt. An der Börse würde man dies ein „Unfriendly Takeover“ nennen. Es wurden rund 0,36 CA$ pro Aktie geboten, das waren rund 80% mehr als der Vortageskurs.

Laut der Pressemeldung von Rockwell hat Pala am 29. August 2008 schon 0,40 CA$ angeboten.[/b] Das Unternehmen wollte sich daraufhin mit Pala treffen um das Angebot zu diskutieren, jedoch wurde das von Pala abgelehnt. Daher hat sich Pala scheinbar entschlossen, gleich ein unaufgefordertes Angebot zu legen. Das Management von Rockwell ist jetzt wahrscheinlich dementsprechend sauer und ob die Übernahme gelingen wird, ist daher mehr als fraglich.



Viele Anleger hatten aber den Anstieg genutzt und sind aus der Aktie ausgestiegen. Durch das vorher bereits höhere Angebot an das Management von Rockwell schließe ich daher auch nicht aus, dass das Angebot noch erhöht wird.

Sollten Sie die Aktie derzeit noch besitzen, behalten Sie die Stücke noch. Ich gehe davon aus, dass es hier möglicherweise zu einem Übernahmekampf kommen wird.

Laut §34b möchten wir darauf hinweisen, dass Mitarbeiter Aktien von Rockwell halten könnten und somit ein möglicher Interessenskonflikt besteht.

Quelle:http://www.openpr.de





Shortage of senior accounting staff behind filing delay - Rockwell

TEXT SIZE TORONTO (miningweekly.com) – TSX- and JSE-listed diamond miner Rockwell Diamonds will look to recruit additional senior accounting personnel, as it believes a shortage of these staff “lies at the heart of the problem” behind the delayed release of the company's audited results, the firm said on Thursday.

Rockwell announced late last Friday that it would be unable to file the required documents before the required, citing an “apparent material breakdown” in the company's internal controls, which management believed was related in part to various changes over the last six months, including a change of the company's CFO, change of year-end and change of auditors.

“Executive management, together with the directors, is taking the ongoing issue of the internal control breakdown very seriously and is taking steps to correct the matter,” the executive directors of Rockwell said in a statement on Thursday.

CEO John Bristow, chairperson David Copeland and executive director Mark Bristow are engaged in a proxy battle with dissident shareholder Pala Investments, which wants to replace the board, scrap the company's shareholder rights plan and launch a rights offering in which it could increase its own stake beyond 20%.

Vancouver-based Rockwell mines high-value diamond from alluvial operations in South Africa.

http://www.miningweekly.com/article/shortage-of-senior-accou…






Investment Funds

A reclusive Russian and his resource-hungry investment fund

Andy Hoffman and Paul Waldie

Globe and Mail Update, Saturday, Jun. 06, 2009 04:12AM EDT

In the spring of 2008, the head of Neo Material Technologies Inc. (NEM-T1.550.031.97%) was on a European business trip when he took a detour to Switzerland in search of a mysterious Russian billionaire.

Constantine Karayannopoulos made his way to the tax-friendly enclave of Zug and entered the sleek, modern offices of Pala Investments AG, which manages investments for Vladimir Iorich. Through his indirect ownership of Pala Investments Holdings Ltd., Mr. Iorich had amassed a near 20-per-cent stake in Toronto-based Neo.

Neo's chief executive officer hoped to make the acquaintance of his company's largest shareholder, but Mr. Iorich, a former Russian steel magnate, declined to take the meeting and remained ensconced behind glass walls.

“I saw him as I walked by his office,” Mr. Karayannopoulos recalled. “He was in his office but I didn't have a chance to meet him … I don't know enough about the gentleman.”

Mr. Iorich's shyness stands in contrast to the vociferous actions of his $1-billion investment fund. As the commodity sector imploded over the past year, Pala has engaged in a series of bitter skirmishes with several TSX-listed and Canadian-based resource companies in which it has invested, including Neo.

Pala often turns activist, launching hostile takeover bids and heated proxy battles. It has publicly denounced management teams and demanded board seats. The 50-year-old Mr. Iorich, however, has remained silent throughout Pala's various battles. (The media-shy oligarch declined requests for an interview.)

Less than a year after Mr. Iorich turned down the meeting with Neo's CEO, Pala launched a partial takeover bid for the company, which produces rare earth metals used by the automotive and electronics industries. Pala offered to buy an additional 23 million Neo shares, which would have increased its holdings to more than 40 per cent, giving it de facto control. Neo successfully fought off the partial bid after investors approved a new shareholder rights plan and the Ontario Securities Commission upheld the defensive move foiling Pala's offer.

But Mr. Karayannopoulos expects Pala to make another try to increase its control over Neo. “I don't know what the end game is,” he said.

Critics and targets of its aggressive tactics complain that Pala is taking advantage of the market downturn and battered share values by zeroing-in on vulnerable companies to buy valuable assets on the cheap.

“There is no question they have very good legal advice and they are smart. They are very good vulture opportunists,” said David Copeland, Vancouver-based chairman of TSX-listed Rockwell Diamonds Inc., (RDI-T0.07----%) which is engaged in a proxy battle with Pala.

After gaining a near 20-per-cent stake in Rockwell, which operates alluvial diamond mines in South Africa, Pala launched a hostile takeover bid for the company last year, but abandoned the offer amid the market meltdown last fall. Mr. Copeland said that, in a conciliatory move, Pala was then offered a seat on the board and the right to select two independent directors.

Soon after, Pala launched the proxy fight and a slew of public attacks against Mr. Copeland and the company's management, accusing them of “flip flops” and of acting to the detriment of the shareholders' interests. Rockwell shareholders will vote later in June on Pala's proposal to oust three of the company's executive directors, including Mr. Copeland.

“I believe their overall game plan is to solidify and take control of the public company. Once you've done that, that gives you a lot of flexibility to entertain a number of scenarios,” Mr. Copeland said.

Pala representatives in Switzerland, including managing director Jan Castro, say the actions of Mr. Iorich's fund are designed to increase returns for all shareholders. “We're a long-term value investor. We look for opportunities where we can drive long-term value,” Mr. Castro said in an interview.

Mr. Castro is one of at least a dozen executives, several of whom are Canadian, working at Pala and advising Mr. Iorich's $1.7-billion worth of investment funds.

Like many Russian billionaires, Mr. Iorich, who also holds German citizenship and now lives in Switzerland, made his fortune amid the breakup of the Soviet Union in the 1990s. He was originally involved in the coal sector, but soon branched out into other metals with his business partner, Igor Zyuzin.

“Russia in the early '90s was entirely a barter economy. What they did was barter coal. They would arrange to barter coal and then off-take steel and they would sell the steel internationally,” Mr. Castro explained.

Mr. Iorich is perhaps best-known as the former head of Russian steel giant Mechel Group. One of its key assets is a steel mill in western Siberia purchased from Zug-based Glencore International AG. Mr. Iorich was named CEO in 2004 and the Russian company listed shares on the NYSE.

In 2006, Mr. Iorich announced plans to sell his stake in the company, about 42 per cent, to Mr. Zyuzin. Mr. Iorich is understood to have made about $1.4-billion on the deal.

He created Pala around that time. In addition to its contentious investments, it has also quietly invested in other resource-related Canadian firms such as Gemcom Software and Norcast Income Fund. Both companies were taken private.

Indeed, Pala has not proven an adversarial shareholder with all of its investments. The head of Colorado-based Anatolia Minerals Development Ltd., (ANO-T3.11-0.11-3.42%) a junior gold miner listed on the TSX that is developing a mine in Turkey, says Pala has been a supportive shareholder and that Mr. Castro has proven a strong board member.

“Pala's focus is all about shareholder value. They invested in Anatolia with the expectation they are going to make money,” Anatolia CEO Ed Dowling said in an interview.

Like officials at many other Pala holdings, however, Mr. Dowling has never met Mr. Iorich.

http://www.theglobeandmail.com/report-on-business/a-reclusiv…








Hier mal paar Infos über den Insider...nach der Forbes Liste belegt er Platz Nr. 437 der reichsten Menschen.

Vladimir Iorich 437

46 , self made
Source: mining, steel

Net Worth: $1.5 bil

Country of citizenship: Russia
Residence: Moscow, Russia
Industry: Mining/Lumber
Marital Status: NA


This steel tycoon, a close associate of fellow billionaire Igor Zyuzin, dislikes the limelight. The former commercial director of Kuznets Coal in 1995 became president of Swiss firm Conares Holding, the main foreign trade operator for giant Mechel Steel Group. Had his coming-out party in October, when he was named Mechel's general director and when Mechel listed on the New York Stock Exchange, raising $290 million.

http://www.forbes.com/static/bill2005/LIRF3MJ.html?passListI…








Pala will mit aller Macht RDI übernehmen !!!


Hier weitere aktuelle News


June 05, 2009
BC Supreme Court Grants Order In Response to Pala's Petition

--------------------------------------------------------------------------------

June 5, 2009 Vancouver, BC - Rockwell Diamonds Inc. (TSX: RDI; JSE: RDI; OTCBB: RDIAF) today announced that the British Columbia Supreme Court has granted an order in response to the petition brought by Pala Investments Holdings Limited against Rockwell, John Bristow, Mark Bristow and David Copeland to have the proxy materials of John Bristow, Mark Bristow and David Copeland withdrawn and re-issued.

A copy of this order has been filed on SEDAR and is available for download at www.sedar.com.

For further details on Rockwell Diamonds Inc., please visit the company's website at www.rockwelldiamonds.com or contact Investor Services at [phone] or within North America at 1-800-667-2114.

John Bristow
President and CEO











Jun 8, 2009, 12:58 p.m. EST
RiskMetrics Recommends Pala's Slate for Rockwell Board

http://www.marketwatch.com/story/riskmetrics-recommends-pala…


TORONTO, June 8, 2009 /PRNewswire via COMTEX/ -- Pala Investments Holdings Limited ("Pala") welcomes the recommendation published by RiskMetrics today with respect to Pala's proposed changes to the Board of Directors of Rockwell Diamonds Inc.

The independent voting advisory service RiskMetrics Group, a leading provider of risk management and corporate governance products and services, has issued its voting recommendations for the upcoming special meeting of Rockwell shareholders to be held next week. RiskMetrics fully supports the election of the independent directors proposed in Pala's Proxy Circular.

"The RiskMetrics recommendation highlights the quality of the independent board proposed by Pala," said Colin Murray, Chief Operations Officer of Pala Investments AG, advisor to Pala. "The real issue facing Rockwell is the current lack of leadership. The shareholders meeting to take place next week provides shareholders with the opportunity to exercise their rights and do something about the situation."

Additional information on these matters and details about the upcoming Rockwell shareholders' meeting can be found in the Proxy Circular mailed to shareholders on May 20, 2009, and available on www.sedar.com.

[Alphyra]

!

Dieser Beitrag wurde moderiert. Grund: Spammposting

[Yatt]

Antwort auf Beitrag Nr.: 37.348.523 von TimLuca am 08.06.09 23:06:39

@TimLuca

wenn du schon einen weiteren Copy&Paste-Thread aufmachen muß, dann lasse wenigstens die Unwahrheiten und Falschbehauptungen raus. Und lies dir vorher alles durch, was du da so gedankenlos übernimmst, bevor dich jemand deswegen an die BAFIN verpfeift.

Yatt

[TimLuca [KommA]]

8th June 2009 Wrangling continues as Rockwell vote nears


By: Liezel Hill
8th June 2009


TORONTO (miningweekly.com) – Vancouver-based diamond miner Rockwell Diamonds and dissident shareholder (and one-time suitor) Pala Investment Holdings continued their war of words on Monday, banging out press releases within hours of each other.

Rockwell's executive directors – who Pala wants voted off the board – scored the first hit after the Supreme Court of British Columbia on Friday denied a petition from Pala that the executive directors' proxy for a June 17 shareholders meeting be struck down.

Pala called the meeting for a vote on its proposals to replace the board, remove the company's shareholder rights plan and launch a rights offering in which it would take up any shares not subscribed for.

However, Pala celebrated its own victory on Monday, after independent advisory service RiskMetrics recommended that shareholders vote in favour of the changes proposed in Pala's proxy circular.

Rockwell shares leapt 54% on Monday afternoon, to C$0,10 apiece by 15:15 in Toronto.

Pala says that Rockwell faces a “lack of leadership”, while the executive directors – CEO John Bristow, chairperson David Copeland and Randgold Resources CEO Mark Bristow – argue that Pala is attempting a cashless takeover.

Last year, Pala launched and then withdrew a hostile takeover offer for Rockwell, which mines high-value diamond from alluvial operations in South Africa.


http://www.miningweekly.com/article/tit-for-tat-continues-as…

[TimLuca [KommA]]

Court Upholds Rockwell Directors' Proxy Right




RAPAPORT... Executive directors at Rockwell Diamonds have retained their right to count votes cast by proxy at the shareholders meeting on June 17. The company reported Monday that the Supreme Court of British Columbia denied the petition of Pala Investments Holdings to strike down the "Green Proxy" form that was issued by the directors to shareholders in advance of the meeting. The Green Proxy allows shareholders who cannot travel in person to the meeting to appoint a representative, whether one of the directors or another attendee, to cast their votes for them.

Pala, which owns a 19.9 percent share in Rockwell, called the special shareholders meeting on June 17, proposing to remove John Bristow, Rockwell's chief executive officer (CEO), and directors David Copeland and Mark Bristow. "We are pleased with the court's ruling, as it is clearly an affirmation of shareholder rights,” Copeland said. “Pala's attempt to have our Green Proxy withdrawn was an underhanded way of stifling the dissenting voices against Pala's brazen attempt to indirectly take control of Rockwell.”

Unhappy with Rockwell’s share performance, in April Pala launched its second attempt to replace the diamond mining company’s management. Rockwell then failed to submit its financial results on time due to a “breakdown in internal controls.” Rockwell shares have dropped 79 percent in the past year. They rose 43 percent to CAD 0.1 in morning trade Monday on the Toronto Stock Exchange (TSE).

http://www.diamonds.net/news/NewsItem.aspx?ArticleID=26627

[TimLuca [KommA]]

Und hier noch mal die Infos von Pala zu der ganzen Sache!!!

Über Pala:
http://www.pala.com/index.html



We are a unique, long-term investment company focused on the mining and natural resources sector.

Pala Investments Holdings Limited

• US$1.0 billion under management
• Tailored investment solutions
• Long-term investor
• Focused on the mining and natural resources sector

Pala Assets Holdings Limited

• US$700 million under management
• Focused on the natural resources sector
• Early-stage investments
• Emerging markets

Pala Investments AG

• Exclusive advisor to Pala Investments Holdings Limited and Pala Assets Holdings Limited
• Experienced team with extensive sector knowledge






A Board Capable of Guiding Rockwell to Recovery and Prosperity
http://www.pala.com/news/PIHL_RDI_Circular_052009_Final.pdf


Pala Sets the Record Straight on Rockwell in the Face of Minority Directors’ Flip-Flops
http://www.pala.com/news/PIHL_RDI_Flop_052509_Final.pdf


WITHDRAWAL OF ROCKWELL MINORITY DIRECTORS’ CIRCULAR
AND PROXY DEMANDED
http://www.pala.com/news/PIHL_RDI_ED_Withdraw_052709_Final.p…

[TimLuca [KommA]]

Hier stehen natürlich noch mehr ältere NEWS zu der Geschichte mit Rockwell Diamonds.

Damit keiner sagt ich würde diese Absichtlich weg lassen, hier noch mal der Link zur Homepage, dort darf gelesen werden!!!!

http://www.pala.com/index.html

[TimLuca [KommA]]

Rockwell Diamonds Executives Plead to Shareholders Ahead of Crucial Meeting

14.06.09, 14:06 / Mining
In an attempt to assuage Rockwell Diamond shareholders, three of the diamond mining company's executive directors said the shareholders will see through Pala Investment's "thinly disguised cashless take-over and understand that there is a hidden agenda," Rapaport News reported.

Rockwell Diamonds' shareholders will gather on June 17 at the behest of Pala Investment Holdings with the intention to oust CEO John Bristow and board directors Mark Bristow and Dave Copeland, and elect a new board.

The three executive directors issued a statement to the media saying that "the executive directors trust that shareholders understand the fundamental strengths of Rockwell's business and will not turn over control to Pala's hand-picked nominees in order to give them a mandate to dismantle shareholder protections."

Colin Murray, chief operations officer of Pala Investments AG said last week Pala that the three executives had failed to secure financing during the past six months and "yet miraculously, on the eve of a pivotal shareholders’ meeting, they contrive a purported solution. Rockwell shareholders cannot but see this for what it is, a desperate attempt to draw attention away from the real issue facing Rockwell – quality of leadership.”

According to John Bristow, Rockwell will formally file updated, independent geological reports within the next 45 days, which, he said, will show that management continues to "technically define and upgrade resources replacing mined resources."

Last Friday, the Supreme Court of British Columbia denied a petition from Pala that the executive directors' proxy for a June 17 shareholders meeting be struck down, constituting a victory for Rockwell Diamonds’ executive directors, who Pala wants voted off the board.

Last September, Pala attempted a hostile takeover offer for Rockwell Diamonds and subsequently withdrew it. Rockwell operates the Holpan, Klipdam, and Saxendrift diamond projects in South Africa.
By: Avida Landau

http://www.israelidiamond.co.il/english/News.aspx?boneId=918…

[donnerpower]

Verschmähte Luxusgüter

Krise hat Diamantenmarkt im Griff

14.06.2009


Der Aufruhr war groß: Im ersten Quartal stellte der größte Hersteller De Beers die Produktion der Edelsteine fast ein. Inzwischen zieht der Ausstoß wieder an, die Preise scheinen den Boden gefunden zu haben. Analysten warnen jedoch: Die Nachfrage bleibt schwach.


Der von der globalen Rezession gebeutelte Markt für Diamanten zeigt erste Zeichen einer Erholung. Experten warnen jedoch vor verfrühter Euphorie - denn im Einzelhandel bleibt eine Belebung bislang aus. "Der Aufschwung wird von der Wiederaufstockung der Bestände getrieben, und die wird sich verlangsamen, falls es keinen Durchbruch am Einzelhandels-Schmuckmarkt gibt", sagte Diamanten-Analyst Des Kilalea von RBC Capital Markets.

Mit dem Konjunkturabschwung ist die Nachfrage nach Diamantenschmuck eingebrochen. Die Preise sind zurückgegangen - für geschliffene Steine um etwa 30 Prozent. Der Schmuckkonzern Tiffany verzeichnete im ersten Quartal einen Gewinnrückgang um fast zwei Drittel auf 24,3 Mio. $.

Die Produzenten reagieren mit Kurzarbeit und der vorübergehenden Schließung von Minen. Der weltgrößte Diamantenhersteller De Beers stoppte seinen Ausstoß in den ersten drei Monaten des Jahres fast komplett - die Produktion schrumpfte im Vergleich zum Vorjahreszeitraum um 91 Prozent auf 1,1 Millionen Karat (je 0,2 Gramm). Der Markt leidet besonders darunter, dass die Krise die USA so stark erfasst hat: Rund die Hälfte der weltweiten Nachfrage stammt aus den Vereinigten



Die Diamantenproduktion in Botswana kommt wieder in Gang


Die Folgen für die Länder, in denen Diamanten produziert und verarbeitet werden, sind enorm. In Indien haben Diamentenschleifereien nach Angaben von Branchenvertretern seit Oktober 400.000 Jobs gestrichen. Für einige Staaten, besonders in Afrika, ist die Krise existenzbedrohend. Botswana etwa erwirtschaftet rund die Hälfte seiner Staatseinnahmen mit Diamanten. Um mit dem Einbruch fertigzuwerden, sicherte sich das Land vergangene Woche von der Afrikanischen Entwicklungsbank einen Kredit über 1,5 Mrd. $.

Seit einigen Wochen mehren sich jedoch positive Signale. Der Hersteller Gem Diamonds etwa hat nach Branchenangaben bei einer Auktion von Rohdiamanten im Mai wieder einen Preis von rund 1600 $ je Karat erzielt, nachdem bei den beiden vorherigen Verkäufen weniger als 1100 $ je Karat gezahlt worden waren. Diese Preise liegen allerdings immer noch weit unter den 2500 $ je Karat, die in den ersten sechs Monaten 2008 erreicht wurden.

Rohdiamanten erzielen wieder etwas höhere Preise
© 2009 Financial Times Deutschland, © GFD Gesellschaft für Diamantprodukte


Krise hat Diamantenmarkt im Griff

De-Beers-Chef Gareth Penny hält den Boden für erreicht. Die Preise hätten sich im April und Mai stabilisiert, sagte er vergangene Woche vor Diamantenhändlern in Antwerpen. "Dezember und Weihnachten 2009 werden besser sein als Dezember und Weihnachten 2008", sagte er mit Blick auf die wichtigste Verkaufssaison. Tiffany-Chef Michael Kowalski sagte kürzlich, die Verkäufe gingen im Vergleich zum Vorjahr weniger drastisch zurück.

Die Shanghai Diamond Exchange, Chinas Diamantenbörse, meldete für die ersten vier Monate des Jahres sogar einen leichten Anstieg der Importe um 2,3 Prozent auf 444 Mio. $.

Die De-Beers-Minen in Botswana haben im April den Betrieb wieder aufgenommen. Sie machten im vergangenen Jahr mehr als 65 Prozent des Ausstoßes der Firma aus. Nach Pennys Angaben sind die Minen zu über 80 Prozent ausgelastet. "Es gibt klare Zeichen dafür, dass die Lagerbestände auf akzeptable Niveaus gesunken sind", sagte er.

Experten warnen jedoch, die Ausweitung der Produktion könnte die Preise drücken. "Die jüngste Erholung der Preise für Rohdiamanten könnte vorspiegeln, dass sich die Nachfrage nach Diamantschmuck deutlich erholt habe. In der Tat berichten die meisten Einzelhändler aber das Gegenteil", sagte Analyst Kilalea. Es sei zu befürchten, dass die Erholung nicht von den Preisen für geschliffene Diamanten getrieben werde, sondern lediglich aufgezehrte Lagerbestände wieder aufgefüllt würden.

Ähnlich skeptisch ist die Beratungsfirma Frost & Sullivan. Sie erwartet, dass die Diamantenproduktion in Südafrika bis Ende 2010 weiter zurückgehen wird. Bis dahin sei keine stärkere Nachfrage zu erwarten, da sich die Wirtschaft global nur langsam erholen werde. "Der Rückgang der weltweiten Nachfrage nach Diamanten ist beispiellos", schrieb Analyst Wonder Nyanjowa.

Quelle:Financial Times

[Candyman80]

IRW-PRESS: Rockwell Diamonds Inc.: ROCKWELL SICHERT SICH ÜBER BEZUGSANGEBOT UND GLEICHZEITIGE PRIVATPLATZIERUNG BIS ZU 12,5 MILLIONEN C$ AN NEUEM EIGENKAPITAL ROCKWELL SICHERT SICH ÜBER BEZUGSANGEBOT UND GLEICHZEITIGE PRIVATPLATZIERUNG BIS ZU 12,5 MILLIONEN C$ AN NEUEM EIGENKAPITAL 2. Dezember 2009, Vancouver, BC Rockwell Diamonds Inc. (Rockwell oder das Unternehmen) (TSX: RDI; JSE: RDI; OTCBB: RDIAF) - ein Unternehmen der Hunter Dickinson Unternehmensgruppe - gibt bekannt, dass das Unternehmen zwei miteinander verbundene Finanzierungen durchführt, um sich neues Stammaktienkapital in Höhe von bis zu 12,5 Millionen C$ zu sichern. Wie das Unternehmen seinen Aktionären im Juni 2009 versprochen hatte, wird nun ein faires Bezugsangebot unterbreitet, bei dem im Rahmen der gesetzlichen Bestimmungen Bezugsrechte für ungefähr 67 Millionen Aktien an die Aktionäre ausgegeben werden. Der Ausübungspreis beträgt für Aktionäre 0,05 C$ pro Stammaktie und soll einen Erlös von 3,35 Millionen C$ einbringen. Von den insgesamt 67 Millionen im Bezugsangebot enthaltenen Aktien hat das Beratungsunternehmen Daboll Consultants Limited (Daboll), die Ausübung für 47,5 Millionen Aktien zu je 0,065 $ garantiert. Einige Direktoren von Daboll stehen mit der Diamantengruppe Steinmetz in Verbindung. Zusammen mit dem Bezugsangebot plant das Unternehmen auch den Abschluß einer Privatplatzierung von zusätzlich 140 Millionen Aktien zum Preis von 0,065 $ pro Aktie, was einem Aufschlag von 30% auf den Preis entspricht, der den Aktionären im Rahmen des Bezugsangebots unterbreitet wurde. Ungefähr 30 Millionen der insgesamt 140 Millionen Aktien werden in das Bezugsangebot aufgenommen und GODIA Capital Partners GP Limited (Godia), eine Investorengruppe unter chinesischer Führung, wird im Rahmen der Platzierung mindestens 47,5 Millionen Aktien zeichnen. Sowohl Godia als auch Daboll haben ihre Zeichnungsbeträge bereits auf einem Treuhandkonto hinterlegt. Das Rundschreiben zum Bezugsangebot wird den kanadischen Wertpapierbehörden in allen kanadischen Provinzen und Territorien sowie der Börsenaufsicht der Börsen in Toronto und Johannesburg vorgelegt. Jeder registrierte Aktieninhaber, der zum für die Zeichnung relevanten Stichtag - voraussichtlich Ende Dezember - Aktien besitzt, erhält ein Bezugsrecht pro Aktie. Vier Bezugsrechte zuzüglich einem Zeichnungspreis von 0,05 C$ oder ungefähr 0,35 ZAR sind für die Zeichnung jeder Aktie im Rahmen des Bezugsangebots erforderlich. Der für die Zeichnung relevante Stichtag ('record date') wird noch gesondert bekannt gegeben. Inhaber von Stammaktien, die ihren Wohnsitz außerhalb von Kanada bzw. Südafrika haben ('unzulässige Aktionäre'), erhalten die Unterlagen zum Bezugsangebot nicht per Post. Diese nicht berechtigten Aktionäre erhalten ein Schreiben, in dem Sie darüber informiert werden, dass ihre Bezugsrechtszertifikate an die Zeichnungsstelle ausgegeben und von dieser verwaltet werden. Die Zeichnungsstelle nimmt die Bezugsrechte stellvertretend für alle nicht berechtigten Aktionäre entgegen. In diesem Schreiben werden auch die Bedingungen erläutert, unter denen das Unternehmen einer Zeichnung durch bestimmte unzulässige Aktionäre, bei denen es sich nicht um Aktieninhaber mit Wohnsitz in den Vereinigten Staaten handelt, zustimmen kann. Die Bezugsrechte sowie die Stammaktien, die bei Ausübung der Bezugsrechte ausgegeben werden, werden nicht unter dem U.S. Securities Act registriert und dürfen weder in den Vereinigten Staaten von Amerika noch in den dazugehörigen Gebieten oder Besitzungen angeboten oder verkauft bzw. U.S.- Bürgern angeboten oder an diese verkauft werden. Dementsprechend wird eine Aktienzeichnung weder von einem Wertpapierinhaber noch von einem Wertpapiererwerber akzeptiert, der entweder U.S.-Bürger ist oder seinen Wohnsitz in den Vereinigte Staaten von Amerika bzw. in den dazugehörigen Gebieten oder Besitzungen hat. Nach Erhalt der Genehmigung des Rundschreibens zum Bezugsangebot, die zeitgerecht erwartet wird, werden die endgültigen Bedingungen des Bezugsangebots sowie der für die Zeichnung relevante Stichtag bekannt gegeben. Die Frist für das Bezugsangebot soll Mitte Dezember beginnen und Mitte Januar 2009 enden. Die Bezugsrechte werden in diesem Zeitraum erwartungsgemäß über die Einrichtungen der TSX gehandelt. President und CEO John Bristow sagte: 'Wir freuen uns unsere Investoren über die konkreten Schritte informieren zu können, die wir bereits unternommen haben, um sicherzustellen, dass diese Finanzierungstransaktionen erfolgreich abgeschlossen werden können. Der Erlös wird zur Tilgung kurzfristiger Verbindlichkeiten und zur Stärkung der Unternehmensbilanz verwendet. Außerdem soll mit dem Geld die Mine in Wouterspan modernisiert und neu in Betrieb genommen werden, wodurch wir erwarten kurzfristig unsere Diamantenproduktion und Umsätze steigern zu können. In seinem Schreiben an die Aktionäre im Vorfeld unserer letzten Jahreshauptversammlung hat unser Chairman einen Plan vorgestellt, der eine Aufnahme strategischer Investoren zur Förderung des Wachstums und der Expansion unseres Unternehmens vorsieht. Die aktuelle Finanzierung setzt diese Strategie um und wir begrüßen daher das Engagement von Godia und Daboll in unserem Unternehmen. Durch das Zusammenspiel eines kontinuierlich wachsenden Diamantenmarkets, die Unterstützung unserer neuen Investoren und vor allem die beständige Loyalität unserer Stammaktionäre ist Rockwell in einer ausgezeichneten Position um wieder zu wachsen.' John Bristow President und CEO Kontakt Deutschland: Robin Bennett E-mail: [e-mail] www.hunterdickinson.com/de

[Pixel_Muc]

Ich werde jetzt mal wieder den INFO Thread in Betrieb nehmen. Da ja die Pala Geschichte seit langem entgültig vom Tisch ist und der Turnaround nach der Krise erreicht ist gibt es ja wieder Optimismus und Hoffnung auf gutes Wachstum.
In Zukunft kann man hier zur besseren Übersicht die folgenden News einstellen.
Ich hoffe auf zahlreiches Interesse

[Pixel_Muc]

Rockwell to restart Ventersdorp diamond operation

JOHANNESBURG (miningweekly.com) – Loss-making alluvial diamond junior Rockwell will recommission its impressive rebuilt Tirisano diamond plant near Ventersdorp in March, which will boost crucial volumes and help to smooth out the company’s currently variable cash flow cycle.

Rockwell COO Graham Chamberlain and Rockwell CFO Gerhard Jacobs tell Mining Weekly Online that a portion of the company’s fixed costs will be lowered once it ratchets up from being a three-operation company to being a four-operation one.

“We’ve got Tirisano coming on board,” says Chamberlain of the March restart of the “bridal” diamond operation in North West province, which Rockwell acquired from Etruscan Diamonds for R33,5-million in shares nearly a year ago.

Rockwell, which is resuming mining in Tirisano’s shallow ore regions before developing the water-filled 400 m long and 64 m deep openpit, sufered a loss of $1,4-million in the three months to November 30.

It says that it has sufficient working capital and reserves to maintain operations through breakeven point and sufficient cash and working capital to fund the continuing losses until then.

The rebuilding of the R17,7-million first phase of Tirisano’s modified plant is expected to set a new benchmark for the alluvial diamond-mining sector and capital requirements for the second phase are being calculated.

The Ventersdorp orebody has a consistent grade and average stone size, which complements the company’s alluvial Vaal river and the Orange river deposits, where there are large nugget effects.

“You will go for a month in the Vaal and Orange areas at depressed grade, and then you will have a super elevated grade at a later time,” Chamberlain explains to Mining Weekly Online.

“Tirisano’s consistent production should smooth things out for us, particularly from a cash flow point of view. We’re entering into a phase of being debt free, and we’re in a position to grow,” he says, pointing to not only Tirisano, which will begin producing imminently, but also the Wouterspan project.

The planned capital raising may now be under different structures.

“Whether it will be more or less than the $30-million will be made at the appropriate time,” Chamberlain says.

Dr John Bristow, who quit suddenly as CEO late last year, will continue to provide input in a nonexecutive role doing special assignments. Meanwhile, a search is on to find his successor, Rockwell chairperson David Copeland says.

Strategies have also had to be put in place to deal with issues at Rockwell’s three longer-standing Saxendrift, Holpan and Klipdam operations.

Heavy rains have, however, put a dampener on the proactive establishment of Saxendrift’s de-sanding plant, which was meant to mitigate the negative impact of having to move into an area of higher sand content.

The plan was for the de-sanding plant to remove the inhibiting higher sand content, but its introduction ran into the fall 105 mm of rain in 24 hours.

Output in the current quarter to end-February, also hit by the December/January holiday recess, will thus be lower.

But a rough diamond inventory on hand will help to boost revenue.

The transfer of ownership of Tirisano to Rockwell is progressing “reasonably well”, says Chamberlain, adding that he sees no further need for concern following positive communication with the Department of Mineral Resources.

“We don’t envisage any further hiccups.”

Rockwell reported a 3% quarter-on-quarter revenue to $11,1-million for the three months to November 30.

The average price achieved in the third quarter of fiscal 2011 was $1 566/ct compared with $1 048/ct in the previous three-month period, and the operating profit at $1,8-million compared with the operating loss of $614 000 in the second quarter.

On a fiscal year-to-date basis, both carat production and prices received have increased.

Rockwell produced 22 519 carats of diamonds in the nine months to November 20, compared with 19 920 ct produced during the same period in the previous year.

Four tender sales of rough diamonds have been held, and regular sales of special diamonds exceeding ten carats were sold for beneficiation.

The higher price trend for better quality stones continued, particularly for diamonds with good colour and clarity.

The average price achieved over the nine months of fiscal 2011 of $1 345 a carat, well up on the $969 a carat received in the previous year.

Rockwell recovered eight large gemstones from its Holpan, Klipdam and Saxendrift operations in the three months to November 30, bringing the total number of plus 50-carat stones recovered in its current fiscal year to nineteen.

These stones, sold into the company's joint venture with Steinmetz group, will provide additional profit-sharing revenue once polished and sold.

Flawless Diamond Trading House, owned 20% by Rockwell, provides the sales platform.

Flawless is integrating a diamond-cleaning technology first that is expected to enhance the appearance of rough diamonds presented for sale.

The recovery of the international diamond market gained momentum with prices continuing to trend towards 2008 levels and jewellery retail sales have been higher than the expectations of major retailers, the company says.

These sales will support a reduction in polished inventory and, consequently, could fuel the trade of rough diamonds.

The price recovery of rough diamonds has outpaced polished stones, as a result of high polished inventory levels, however, polished prices improved in November 2010, particularly in the three-to-four-carat range, and creating optimism that the fundamentals are in place for polished stone prices to close the gap with rough diamonds.

The improved prices of rough diamonds have contributed to the improving performance of Rockwell, which is increasing production volumes to meet perceived shortages in the secondary market.

A total of 8 404 ct were productions at the Holpan, Klipdam and Saxendrift operations and the Klipdam Extension bulk sampling project in the period, up from 7 963 ct in the corresponding quarter last year.

Tender sales of $10-million plus $800 000 of returns from the beneficiation profit share resulted in diamond revenues of $10,8-million compared with $12,9-million for the previous corresponding period.

http://www.miningweekly.com/article/loss-making-rockwell-to-…

[Pixel_Muc]

Rockwell Announces Results For Third Quarter Of Fiscal 2011



January 14, 2011, Vancouver, BC - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX:RDI; JSE:RDI, OTCBB:RDIAF) announces results for the three and nine months ended November 30, 2010. Currency values are presented in Canadian dollars unless otherwise indicated.

Overview

Rockwell is focused on the mining and development of alluvial diamond deposits that yield high value gemstones. During the third fiscal quarter of 2011, the Company continued to operate three mines, namely Holpan, Klipdam and Saxendrift, and a bulk sampling evaluation program on the Klipdam Extension property, which is near to the Klipdam operation. All of these operations are located in the Northern Cape Province area of South Africa.

Rockwell has an excellent pipeline of other alluvial diamond projects, and progressed with assessing the potential of the advanced-stage projects for development. The Company also continues to consider merger and acquisition opportunities in order to expand its mineral resources, and add to its production profile.

Underpinned by the strong recovery in diamond prices, Rockwell reported quarter-on-quarter revenue growth of 44% to $16.4 million for the three months ended November 30, 2010. The average price achieved in the third quarter of fiscal 2011 was US$1,566 per carat compared to US$1,048 per carat in the previous three month period. The Company reported an operating profit of $1.8 million in the quarter under review compared to an operating loss of $614, 000 in the second quarter.

On a fiscal year-to-date basis, both carat production and prices received have increased. In the nine months to November 30, 2010, Rockwell produced 22,519 carats of diamonds compared to 19,920 carats produced during the same period in the previous year. Four tender sales of rough diamonds have been held, and regular sales of special diamonds exceeding 10 carats were sold for beneficiation. The Company continued to experience a positive trend in prices for its better quality stones, particularly for diamonds with good color and clarity. The average price achieved over the nine months of fiscal 2011 is US$1,345 per carat, a significant increase from the US$969 per carat received in the previous year.

During the third quarter of fiscal 2011, Rockwell recovered eight large gemstones from its Holpan, Klipdam and Saxendrift operations, bringing the total number of plus 50-carat stones recovered in its current fiscal year to nineteen. In addition to recovering several high quality white and fancy yellow coloured gemstones, the following notable diamonds were also produced:

* 83-carat sawable diamond, with a slight yellow tint with a small spot;
* 84-carat industrial quality diamond;
* 63-carat sawable, white diamond with a few spots throughout the stone;
* 50-carat makeable shape, clean D color diamond; and
* 72-carat makeable shape, clean H color diamond.

These stones were sold into the Company's joint venture with Steinmetz Diamond Group. Once manufactured and sold as polished goods, they will provide additional profit share revenue to the Company.

Diamond Market

The recovery of the international diamond market gained momentum with prices continuing to trend towards 2008 levels and jewellery retail sales have been higher than expectations of major retailers. These sales will support a reduction in polished inventory and, consequently, could fuel the trade of rough diamonds.

The price recovery of rough diamonds has outpaced polished stones, as a result of high polished inventory levels; however, polished prices improved in November 2010, particularly in the 3- to 4-carat range, and creating optimism that the fundamentals are in place for polished stone prices to close the gap with rough diamonds. The improved prices of rough diamonds have contributed to the improving performance Rockwell which is increasing production volumes to meet perceived shortages in the secondary market.

Acquisitions

Early in fiscal 2011, Rockwell announced that it had embarked on a process to purchase 74% of Etruscan Diamonds Limited's ("Etruscan") well known Blue Gum diamond operation in the Ventersdorp region, South Africa, for an amount not exceeding ZAR33.5 million (approximately $4.83 million) payable in Rockwell shares.

The Blue Gum Project hosts the Tirisano alluvial diamond deposit. According to an October 2009 estimate, the mineral resources comprise 25 million cubic meters (indicated) with a grade of 2.37 carats/100 cubic meters and 15 million cubic meters (inferred) with a grade of 2.37 carats/100 cubic meters (see March 11, 2010 news release). With its 0.9 carat average stone size and consistent grades, the mine's production is ideally suited to the bridal market and is expected to help create more regular quarterly production volumes for the Company.

Completion of the acquisition is subject to the South African mining ministry consent, which is well advanced, securities regulatory approvals (including TSX) and electric power negotiations. The Company is also making excellent progress with the engineering and fabrication of a new, low-cost processing plant, and implementation of a new mine plan. Completion is targeted for early fiscal 2012.

Flawless Diamond Trading House ("Flawless"), which became 20% owned by Rockwell during the first quarter of fiscal 2011, provides a unique marketing and sales platform for the Company's growing diamond production volumes. Flawless is in the process of integrating a diamond cleaning technology - the first of its kind to be implemented commercially - that would enhance the appearance of rough diamonds presented for sale.

Operations Overview

In the three month period ended November 30, 2010:

* 8,404 carats (November 30, 2009: 7,963 carats) were produced at the Holpan, Klipdam and Saxendrift operations and the Klipdam Extension bulk sampling project, including contractor recoveries.
* 6,414 carats (November 30, 2009: 9,410 carats) were sold at an average price of US$1,566 per carat (November 30, 2009: US$1,269 per carat).
* Tender sales of US$10.0 million plus US$0.8 million of returns from the beneficiation profit share resulted in diamond revenues of US$10.8 million (November 30, 2009: US$12.9 million).
* An operating profit of $1.8 million (November 30, 2009: $2.5 million) was reported for the period.
* A loss of $1.4 million or $0.003 per share was realized for the period.

In the nine month period ended November 30, 2010:

* 20,564 carats (November 30, 2009: 20,646 carats) were sold at an average price of US$1,345 per carat (2009: US$969 per carat).
* Tender sales of US$27.6 million plus US$2.3 million of returns from the beneficiation profit share resulted in diamond revenues of US$29.9 million (November 30, 2009: US$22.7 million).
* An operating profit of $3.7 million (November 30, 2009: operating loss of $2.3 million) was reported for the period.
* A loss of $2.4 million (November 30, 2009: loss of $6.1 million) or $0.005 (November 30, 2009: $0.026) per share was realized for the period.
* Diamond inventories at November 30, 2010 totalled 3,865 carats (2009: 2,800 carats).

At November 30, 2010, the Company's cash and cash equivalents increased to $3.7 million (November 30, 2009: $2.5 million) with bank indebtedness amounting to $2.2 million (November 30, 2009: $0.4 million), resulting in net cash holdings of $1.5 million (November 30, 2009: $ 2.1 million indebted). The Company also had working capital of $9.2 million (November 30, 2009: deficit of $4.1 million).

Production at the three operations steadily increased, reaching 2,765,415 cubic meters (November 30, 2009: 2,296,943 cubic meters). The increase was driven primarily by a 28% increase in production at Saxendrift and processing 214,763 cubic metres at the Klipdam Extension bulk sampling project.

The Company successfully maintained its focus on reducing unit costs through operational optimization, achieving average operating cash cost at the three productive operations of US$6.28 per cubic meter, well within the Company's target range of US$6.00 to US$7.00 per cubic meter. The average total cash cost for all the operations over the first nine months of fiscal 2011, including rehabilitation, lease payments and royalties amounted to US$7.49 per cubic meter (November 30, 2009: US$8.21 per cubic meter).

Additional details on production, sales and revenues for the quarter, as well as comparative results for the first nine months of fiscal 2010 are provided below. For further details, see the Rockwell's complete financial results and Management Discussion and Analysis posted on the website and on the Company's profile at www.sedar.com.

Production and Sales

The following is a comparison of the current quarter (ended November 30, 2010) with the quarter ended November 30, 2009.

http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…

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Rockwell To File Amended Unaudited Financial Information For Interim Periods Ending November 30, 2010

January 18, 2011, Vancouver, BC -- 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 three-month period is approximately $11.1 million and cost of sales is approximately $5.9 million; for the nine-month period its revenue is approximately $31 million and cost of sales is approximately $17.7 million. Since both revenue and cost of sales have been reversed, there has been no change in Company's bottom line loss reported for either period.
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Sehr schöne Präsentation als PDF Download anlässlich zur PDAC´11

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James Campbell takes over at Rockwell


[miningmx.com] -- FORMER African Diamonds CEO James Campbell has been appointed the new CEO at Rockwell Diamonds (Rockwell) following the resignation of John Bristow, and will take over from the beginning of June.

Bristow resigned in December but remained as a consultant to the company until last month while his brother – Randgold Resources CEO Mark Bristow, who is a substantial shareholder – ran Rockwell in an acting capacity.

Campbell worked for De Beers for about 20 years before leaving to become MD of African Diamonds in 2006, where he set about developing a mine at the AK6 kimberlite project in Botswana.

African Diamonds was taken over by Lucara Diamond Corporation in December last year and Campbell agreed to join Lucara as vice-president for new business.

Campbell told Miningmx: "My main mission in life for the past few years has been to get AK6 into production, and it’s now well on the road to start production by the end of the year.

“Becoming a vice-president at Lucara after running African Diamonds was a step down, but I took the position because I felt it was important to demonstrate confidence in the new organisation to the shareholders in African Diamonds.

“But I am now ready for the next big challenge. I like the team at Rockwell and I can see significant upside there in terms of the current operations.”

Rockwell’s primary listing is on the TSX, where the shares have been stuck in a tight trading range around C$0.06 for most of the past 18 months. This compares with a high of around C$0.80, just ahead of the global financial crisis in 2008.

The shares have currently dipped to about C$0.045. This is not good news, given that Rockwell is about to embark on a fund-raising drive to raise around C$35m through a private placement.

Campbell said: "It’s very early days for me to talk about what needs to happen at Rockwell, but I think the share price has been drifting because the company has a history of not meeting its production targets.

“A number of steps have already been taken to deal with that, of which one of the most important has been the appointment of a chief operating officer.

“We need to demonstrate to the market that we can achieve our production targets and it’s very important that we bring the new Tirisano mine into production as planned.”

http://www.miningmx.com/news/diamonds/james-campbell-takes-o…

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New turn at Rockwell


Charlotte Mathews
Thursday, 19 May 2011

This is not the same James Campbell that headed Anglo American’s coal and base metals divisions in the early 2000s.

Rockwell Diamonds could be calling an end to its recent chequered history with the appointment of a rising star in the diamond industry, James Campbell, as its CEO.

This is not the same James Campbell that headed Anglo American’s coal and base metals divisions in the early 2000s. Rockwell’s new CEO has made his name at De Beers and African Diamonds.

After listing on the JSE at 440c in November 2007, Rockwell’s shares were battered by the global economic crisis, accusations that management was destroying shareholder value, production falling short of targets and calls for more funding. The shares are now around 30c.

Campbell fills the hiatus that followed when John Bristow left the company in December. His brother, Randgold Resources CEO Mark Bristow, has been acting as CEO.

Campbell spent 21 years at De Beers, where he rose to GM for group exploration. Four years ago he left to start African Diamonds, the co-shareholder with De Beers in the AK6 project in Botswana.

AK6, under construction, will be the biggest new diamond mine in Southern Africa . When De Beers said it wanted to exit the project, Campbell and his partners had to find US$45m-$55m in the depths of the recession to buy their shares, but still needed more funds to build the mine. Lucara Diamond Corp took a stake and has since taken full control. Campbell was required to remain with AK6 for a period to ensure continuity and will join Rockwell on June 1.

Geologists are sometimes regarded in the industry as rather academic, with more interest in exploration than building mines. Campbell says his reputation speaks for itself: for the past four years he has not been thinking of exploration but focusing on getting the correct technical solutions for AK6, which is now being built on time and on budget.

What needs to be fixed at Rockwell?

“The Rockwell story is about minimising your costs in dollars per ton and maximising plant throughput to get high volumes and economies of scale,” Campbell says. “Rockwell is expert in high- volume earthmoving but the weakness has been in the diamond-processing skills. I have built 25 small plants and have a good network of people who can help us. Mark Bristow has built up a great team and Rockwell has assets where I can see great potential. That is what attracts me.”

Campbell holds a degree in mining & exploration geology from the Royal School of Mines (Imperial College, London University) and an MBA with distinction from Durham University. He is a fellow of several professional bodies and vice-chairman of the SA Ballet Theatre Trust.

http://www.fm.co.za/Article.aspx?id=143223

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Rockwell Provides An Update On Flooding In The Northern Cape And North West Provinces

January 27, 2011 - Johannesburg, South Africa and Vancouver, BC -- Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX:RDI; JSE:RDI, OTCBB:RDIAF) provides an operational update following heavy rainfall and subsequent flooding in the Northern Cape and North West provinces in South Africa.

The Company announces that the alluvial mining operations in the Northern Cape Province have been affected by the recent heavy rainfall and subsequent flooding. The rainfall at the Holpan and Klipdam operations, which are situated north of Kimberly at Barkley West, have experienced 342mm or 75% of the average annual rainfall of 450mm for the region in the past six days. In particular, precipitation during the night of Sunday January 23, 2011 exceeded 100mm. The impact has been as follows:

* Flooding in the area resulted in minor infrastructure damage at the mines and mining roadway infrastructure remains intact;
* The most significant impact of the heavy rains has been on mining activities with the loss of five days' production;
* Repairs and recovery operations were initiated immediately and mining operations resumed on Wednesday January 25, 2011;
* Damp gravels will affect production at the mines for several more days until they dry out fully; and
* Damage to the municipal infrastructure, including roads and railways, has not affected operations.

The Company also assisted local communities in the Holpan area to divert floodwater away from flooded residential areas which assisted in avoiding any injuries during the flood. In addition, no environmental impacts have occurred.

The Saxendrift operation, located on the Middle Orange River region, experienced sporadic rainfall measuring 189mm; this represents more than half of the average rainfall for this area during the two week period to Sunday January 23, 2011. While no flooding or damage occurred, the heavy rainfall has negatively affected production volumes with the loss of three mining days. Saxendrift is now once again operating at full production.

At the Tirisano Mine north of Ventersdorp in the North West Province, construction has been slightly delayed due to the heavy rainfall. Sufficient drainage systems were planned and commissioned into the initial layouts to prevent flooding. Construction continues and the completion date of March 2011 remains intact.

Chief Operating Officer, Graham Chamberlain commented, "Our mine management teams have done a great job in minimising the impact of these abnormal rains and its comforting to see how quickly the operations have responded. We have a great set of assets and a very dedicated and passionate team and our focus is now to see what we can do to recover the lost time and strive to meet our targets despite the interruptions. Also it has been a learning opportunity whereby we can ensure we engineer our new projects to mitigate against similar events."

About Rockwell Diamonds:

Rockwell Diamonds is an established alluvial diamond producer holding a 74% interest in the Holpan, Klipdam, Saxendrift and Wouterspan operations and the Niewejaarskraal development project. The Company's large footprint of diamond deposits are in South Africa with a focus on the Middle Orange River, an area historically known for recovering excellent quality, large gemstones.

Rockwell has operations at Holpan, Klipdam and Saxendrift, which it is progressively optimizing, the Klipdam Extension, with a bulk sampling project and an excellent pipeline of other advanced alluvial diamond projects. The Company's primary focus is to add value to existing operations, while aggressively seeking to acquire superior, advanced stage projects.

Rockwell's success lies in the recovery of big stones on a regular basis and most of the company's production is larger than 2 carats -- a niche diamond production opportunity. Diamonds in excess of 100 carats, which can yield exceptional prices, are recovered from all of its mining operations. Currently the company is producing over 2500 carats monthly with an estimated 22 years mine life based on existing resources.

http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…

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Rockwell Diamonds Appoints New CEO

May 11, 2011, Vancouver, BC - 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 the Botswana Stock Exchange, for a period of four years until its acquisition by Lucara in December 2010. During this time he played an instrumental role in the process which led to the award of a Mining License for AK6, Lucara's flagship diamond project in Botswana.

Prior to joining AFD, James worked at De Beers for over twenty years. His career there culminated in his appointment as General Manager responsible for advanced exploration and resource delivery in the Global Mining and Exploration group.

James holds a degree in Mining & Exploration Geology from the Royal School of Mines (Imperial College, London University) and an MBA with distinction from Durham University. James is a Fellow of the Institute of Mining, Metallurgy & Materials, Chartered Engineer (UK), Chartered Scientist (UK), a Professional Natural Scientist (RSA) and a member of the Institute of Directors of South Africa.

Commenting on his decision to join the Company, James explains that: "Rockwell Diamonds has overcome a number of significant challenges in the last two years, and is on the verge of delivering on its growth potential. It has exciting investment plans to leverage its projects and sustainably ramp up carat production. During the process of evaluating this opportunity, both the projects and the management team made a positive impact on me, resulting in my decision to join the Company."

"We are delighted to welcome James as the new leader of Rockwell Diamonds. He brings a wealth of experience gained in the diamond sector at this crucial time when Rockwell Diamonds is embarking on further investments to achieve its objective of ramping up monthly production to 10 000 carats within six years," says David Copeland, Chairman, Rockwell Diamonds. "We are confident that with his knowledge and understanding of the industry he will make a meaningful contribution to unlocking the underlying value of the Company."

http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…

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Rockwell Announces Results for Fourth Quarter of Fiscal 2011

Monday May 30, 2011, Vancouver, BC -- 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% rise in sales to 27,017 carats
* Production increased 5% to 26,165 carats
* Cash generated by operating activities of $8.9 million compared from $110 694 consumed in fiscal 2010
* Net cash balance increased to $2.9 million from $1.8 million
* Appointment of CEO with extensive track record in the diamond sector
* Strategic review to improve production and enhance operational efficiencies
* Growth plans redefined to capitalize on significant portfolio of alluvial diamond deposits

Financial Overview
(Currency values are presented in Canadian dollars unless otherwise indicated.)

Rockwell's financial position showed substantial improvements during the year however its operational performance fell short of internal production targets. Total revenue increased 43% and Rockwell achieved an operating profit of $4.0 million from a loss of $3.6 million. The improved operational performance also translated into higher cash flows generated by operating activities of $8.9 million.

Fourth quarter ended February 28, 2011

Rockwell reported year-on-year revenue growth of 58% to $11.5 million for the fourth quarter, underpinned by the continued improvement in diamond prices. Quarter-on-quarter revenue increased 4%. The Company produced 3,711 carats (Q4 2010: 4,996 carats). This represents a quarter-on-quarter decrease of 26% which is due to exceptionally high rainfall and lower grades, particularly at Saxendrift. Facilitated by higher inventories accumulated at the end of the third quarter to take advantage of anticipated stronger seasonal demand, carats sold in the fourth quarter increased 10% year-on-year to 6,453 at an average price of US$1,430 per carat (Q4 2010: US$1,154 per carat). The Company reported an operating profit of $755,000 in the quarter under review compared to an operating loss of $2.2 million in the fourth quarter of fiscal 2010.

Twelve months ended February 28, 2011

Tender sales of $37.8 million were achieved in fiscal 2011. The beneficiation profit share agreement delivered further revenue of $4.7 million. Accordingly, Rockwell reported a strong increase in total revenue to $42.5million. During fiscal 2011, eight tender sales of rough diamonds were held, and special diamonds exceeding 10 carats were sold for beneficiation. The average value in fiscal 2011 went up 35% to $1,365 per carat (fiscal 2010: $1,010 per carat) while 27,017 carats (fiscal 2010: 26,533 carats) were sold. Production increased by 5% to 26,165 carats (fiscal 2010: 24,916 carats).

A loss of $5.1 million (fiscal 2010: $7.0 million) or $0.01 per share (fiscal 2010: $0.03) was realized for the year. This improvement is mainly attributable to the higher average diamond price. Diamond inventories at February 28, 2011 totalled 1,057 carats (at February 28, 2010: 1,910 carats).

Balance sheet

Rockwell's liquidity continued to improve with net cash holdings increasing by $1.1 million to $2.9 million (end of fiscal 2010: $1.8 million), after investing $12.4 million to purchase equipment and mineral properties. Debt repayments of $3.3 million rendered the Company virtually debt free. At February 28, 2011, the Company's cash and cash equivalents increased to $4.8 million (end of fiscal 2010: $2.5 million) with bank indebtedness amounting to $1.8 million (end of fiscal 2010: $0.7 million).

With current assets amounting to $12.9 million and current liabilities of $8.6 million, the Company's current ratio improved to 1.49 times (February 28, 2010: 1.02 times).

Annual Operational Overview

Production Sales and inventories
Volume (m3) Carats Average grade (carats / 100 m3) Sales (carats) Average value (US$ / carat) Inventories (carats)
Fiscal 2011 3,386,872 26,165 0.77 27,017 1,365 1,087
Year-year change 16% 5% -9% 2% 35% -45%


The production of the Company increased by 16% to 3,386,872 cubic metres (February 28, 2010: 2,918,097 cubic metres) which was below internal targets. Delays in commissioning the in-pit de-sanding plant at Saxendrift and heavy floods in January 2011, followed by sustained high levels of precipitation during the rainy season impacted overall productivity. Saxendrift delivered a 19% increase in production and 261,214 cubic metres were processed at the Klipdam Extension bulk sampling project.

The Company continued to drive down unit costs across its operations, with the average operating cash cost decreasing to US$7.91 per cubic meter in fiscal 2011 compared to US$10.40 per cubic meter in the previous year. The decline is attributable to higher throughput and was achieved despite increased input costs, such as fuel, oil and electricity.

Holpan and Klipdam

The Holpan operation was faced with significant challenges resulting from heavy and unseasonal rainfall during the fourth quarter. The resource became saturated, which decreased the plant's throughput and put upward pressure on unit costs. The mine was unprofitable in the fourth quarter. Rockwell entered into negotiations with the recognized trade union (National Union of Mineworkers) to implement full calendar operations (continuous operations) but an agreement was not reached.

The Klipdam mine also encountered challenges related to rainfall. The impact was mitigated by increasing the ore extraction from the palaeo channel that is less impacted by moisture, but production still came in below expectation. Klipdam continued to recover high quality gem stones, which had not yet been sold at the financial reporting date.

The adjacent Holpan and Klipdam operations are being reviewed by management with a view to rationalizing the operations. The Holpan operation was placed on care and maintenance in May 2011. Both mines' resources will be processed through the Klipdam plant at a lower cost. This should also result in a longer life of mine.

Saxendrift

The annual production volume increased 19% but carats recovered declined 24% because of dilution from large sand lenses in the current area of production. However, the value of carats produced remained constant, confirming that the resource continues to deliver high quality gemstones.

The technical challenges associated with the in-pit de-sanding plant persisted, and were exacerbated by the wet operating conditions throughout the fourth quarter. Rockwell, in conjunction with external consultants, is developing a strategy to resolve the problems.

Initiatives at Saxendrift forming part of the strategic review include modifying the in-pit screening plant, adjustments in the rotary pan plant and optimising the ore mass balance. The benefits are expected to become meaningful from the third quarter of fiscal 2012.

Progress on Tirisano acquisition

Two conditions remain to close out the agreement to acquire the Tirisano mine operation, namely obtaining the Section-11 consent which includes cession by the Department of Mineral Resources and restructuring senior debt initially provided by the Industrial Development Corporation of South Africa Limited for the development of the Tirisano Mine.

A high volume (180,000 cubic metres / month) four stream production facility is being completely rebuilt at the site. It will be commissioned later than initially envisaged as improvements and extensions were made to the initial plans. Commercial production will commence upon completion of the remaining conditions precedent.

The first stream started operating in April 2011 and is being fine-tuned by processing the ore dumps left on the mine by the previous operators. The second stream was completed four weeks later and the remaining two streams are scheduled for commissioning at the end of September 2011. On completion, the high volume plant is expected to benefit the company by smoothing its production profile.

In line with the strategic review, Rockwell plans to complete a new detailed mine plan in the second quarter of fiscal 2012, assisted by consultants who will use the completed SRK geotechnical study.

Wouterspan

The strategic assessment of Wouterspan (put on care and maintenance in February 2009) continued and a review of the proposed new plant design by external consultants is in progress. A high volume low cost production plant with a capacity of 340,000 cubic metres / month is currently envisaged. Funding for the plant is planned through the capital markets and Rockwell is evaluating the use of contractors to mine the deposit.

Diamond Market

Both rough and polished diamonds prices improved during the 2010 calendar year with prices enjoying support from strong retail demand for diamonds in the second half of 2010. In the fourth quarter prices reached the record 2008 levels. The growth in the Indian and Chinese domestic markets has led to an increase in market share at the retail consumer level.

Rockwell recovered 38 stones exceeding 10 carats in size during the fourth quarter of fiscal 2011. These stones were sold into the Company's joint venture with Steinmetz Diamond Group and once sold as polished goods, will provide additional profit share revenue to the Company.

Strategy

During the fourth quarter, a strategic review was conducted and Rockwell clearly aligned its corporate objectives with the associated deliverables to increase its production profile. As such, the Company will continue to focus on optimizing its productive mines to deliver better returns. There are two specific areas of focus:

* To continue driving down unit costs by achieving design plant throughput rates and improving both utilization and availability; and
* To pursue sustainable improvement of metallurgical processes, improving the recovery of diamonds and increasing revenue.

The Company has evaluated a number of options to leverage its production profile through further development of its assets and selected two projects with the highest projected returns:

* Rockwell will embark on the second phase of the Tirisano development, being an excavation and conveyor system providing access to the southern ore body with works commencing after the plant has been fully commissioned.
* The simultaneous construction of a high volume production plant at Wouterspan.

In order to fund these developments, the Company will seek additional financing in the capital markets.

Outlook

The fundamentals for the diamond market are strong, with robust demand and pricing. Rockwell is positioned to benefit from these positive fundamentals with inventories of 1,057 carats.

Production at all operations in the first quarter of fiscal 2012 was impacted by factors including abnormally high precipitation levels during the 2010/2011 rainy season in the Northern Cape Province. The impact was the most severe at Holpan.

Decisive action is being taken to enhance plant efficiency and to maximize recovery rates at all mines. This includes engaging the services of a world-renowned diamond metallurgist to technically and economically assess plant processes at all the mines, including Tirisano. The analysis and subsequent optimization measures are expected to start yielding benefits in the second half of fiscal 2012.

With ongoing operational improvements to enhance the recovery of diamonds, reductions in operating costs, and the increasing prices and demand for diamonds, the positive trend of the Company's financial performance over the last four quarters should be sustainable in fiscal 2012.

Commenting on Rockwell Diamonds, Mr David Copeland, Chairman of Rockwell Diamonds said:

"During the last six months, Rockwell has made enormous progress in repositioning itself to ramp up its production profile. Our team of alluvial diamond geology, mining and processing experts is unique in that they have skills across the value chain from exploration to processing and recovery. It was recently strengthened with the appointment of our new CEO to lead the execution on our strategy."

"Earlier this year, we completed a thorough strategic review to map the way forward for our Company. Our focus is on implementing this strategy to unlock the inherent value in the Company. We will do this by optimising output from our producing assets to continue improving the Company's financial performance. We will also leverage our assets by developing high volume production plants on our dormant mines. The outlook for Rockwell Diamonds is underpinned by strong fundamentals in the diamond market."

http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…

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Rockwell updates its mineral resources and mineral reserves; Announces probable reserves at Saxendrift; Preliminary assessments of Wouterspan, Tirisano and Niewejaarskraal

May 31, 2011, Vancouver, BC -- 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 management system which is directly applicable to the specifics of alluvial diamond deposits. It is based on the National Instrument 43-101 regulations for the statement of mineral resources and reserves but refined to be specific to alluvial deposits. The Company's system is a conservative and consistent method of declaring its mineral resources and mineral reserves. The grades and diamond values, which have been calculated using this methodology during the last four years, have been shown to accurately reflect the output of the mines. The results of these studies are summarized in the tables attached to this release and further details are provided in the Company's Annual Information Form and technical reports that have been filed today.

Mark Bristow, Director and acting CEO, Rockwell explains that: "we embarked on this process when Rockwell first started as a diamond company. The progress is such that today, for the first time, we have stated an estimate of mineral reserves: probable reserves of 4.9 million cubic metres at Saxendrift. This is the culmination of a pre-feasibility study conducted during 2009 and 2010."

"Over the past five years, our resource base has grown from some 12.3 million cubic metres of Inferred Resources to the current 82.1 million cubic metres of inferred resources, 35.1 million cubic metres of indicated resource and 4.9 million cubic metres of probable reserves in our latest NI 43-101 statements. We have achieved this through extensive exploration of our existing projects as well as the purchase of other high potential properties. We have conducted preliminary economic assessments at our Wouterspan, Niewejaarskraal and Tirisano projects, and are encouraged by the potential returns of these properties." adds Bristow.

The Company, which currently produces some 2,500 carats of large gem quality diamonds per month has set itself the objective of growing its production to 10,000 carats per month within five years. It has the capacity to deliver this growth through organic means, based on its significant resource base and is currently reviewing various options to fund these capital investments.

Rockwell owns 14 prospecting rights comprising some 30,000 hectares of alluvial diamond potential in South Africa. Holpan and Klipdam, which are currently being consolidated into a single operation, are located in the Northern Cape. Saxendrift is located in the Middle Orange River in the Northern Cape Province. In addition, the Company is in the final stages of acquiring and redeveloping the Tirisano mine, located in Ventersdorp in the North West Province. The mine will come on stream in the second half of fiscal 2012. Other significant deposits include Wouterspan and Niewejaarskraal, which the Company plans to re-commission within the next two years.

Rockwell's mineral resource statement is summarized below:

ROCKWELL MINERAL RESERVES & RESOURCES
property category VOLUME (m3)
NOV 30 2010 VOLUME (m3)
FEB 28 2011* grade
(ct/100m3)
Saxendrift/
Kwartelspan Probable* 4,859,900 4,570,40000 0.50
Indicated 1,774,600 NC 0.66
Inferred 5,986,000 NC 0.56
Klipdam Indicated 2,091,200 1,907,900 1.21
Inferred 949,000 NC
Holpan Indicated 517,800 415,600 0.95
Inferred 527,000 NC
Erf 404 Indicated 404,700 NC 0.63
Inferred 127,000 NC
Rietputs Inferred 782,000 736,000 0.76
Wouterspan Indicated 5,025,500 NC 0.70
Inferred 37,774,000 NC
Niewejaarskraal Inferred 20,630,000 NC 0.84

Tirisano** Indicated 25,279,900 NC 2.37
Inferred 15,334,000 NC

Estimates were done as at November 30, 2010. These have been reconciled to February 28, 2011 by including material removed by trial mining and bulk sampling during the fourth quarter (Dec 1-Feb 28).
NC - denotes no change. "Value" denotes the average value of the sales of diamonds during sampling.

Mineral resources that are not mineral reserves do not have demonstrated economic viability.

* The Saxendrift probable mineral reserves are exclusive from the indicated mineral resources.

** Tirisano acquisition is not yet complete as the mining rights have not yet been ceded to Rockwell.

Note that Rockwell also holds the Zwemkuil Project, including the Zwemkuil, Mooidraai and Holsloot properties, which was also reviewed during the 2011 fiscal year. Although a significant exploration target exists, there has not been sufficient work done to estimate mineral resources as this time.

Estimates were completed by Rockwell's Manager, Resources, G.A. Norton, (Pr. Sci. Nat.), a qualified person who is not independent of the Company and reviewed by T.R. Marshall, PhD, (Pr. Sci. Nat.). Dr Marshall, a qualified person who is independent of the Company, is responsible for the estimates and has reviewed and approved the contents of this release.

Further details of the resource estimates and the studies described below are provided in technical reports which are filed on the Company's profile at www.sedar.com.

The following studies were done in South African Rand (ZAR) and US dollars (USD), and used a conversion rate of 6.8 ZAR:1 USD.

Saxendrift Prefeasibility Study

The Saxendrift property is located on the south bank of the Orange River in the Herbert district of the Northern Cape Province, some 50 km southwest of Douglas and some 160 km from Kimberley. Rockwell holds a 74% interest in the property. The other 26% is held by the Company's Black Economic Empowerment partner.

During 2009/2010 trial-mining was initiated on Saxendrift as part of a study to determine what portion of the gravel resource could be converted to a reserve. Capital costs of plant and equipment have been determined through formal quotations acquired from suppliers. Operational parameters and operating costs were determined both during the bulk-sampling and trial-mining phases on Saxendrift, and from Rockwell's experience on its other operations. It is believed that the detail and accuracy of this study is at a pre-feasibility level.

The mine plan involves continued mining on the Saxendrift A terrace during 2011/2012 while detailed exploration is undertaken on the C terrace. The preferred method of mining the alluvial gravels is strip-mining in a shallow, opencast operation. The diamondiferous alluvial gravels are relatively thin, unconsolidated to semi-consolidated, tabular bodies with generally less than 20 metres overburden. The upper 2-3 metres of the sequence is calcreted to varying degrees -- usually to laminar or hardpan levels. As a result, prior to excavation, the sample block needs to be blasted, which breaks up the hard calcrete carapace without damaging diamonds, which is then stripped off using hydraulic excavators. In various areas of the property varying depths of calcretisation has meant that some of the upper gravel layers are also highly cemented. In order to mitigate against this problem, prior to excavation, the gravels are ripped by a bulldozer which effectively liberates the gravels (and the diamonds) from the calcrete matrix. The disaggregated material is then loaded by excavator, onto articulated dump trucks (ADT's) and transported to the screening plant where some 23% of the gravel is removed.

The processing plant, which was commissioned in late 2008, is comprised of four scrubbers followed by four 18 ft rotary pan-plants and has a design plant-throughput of 800 tonnes per hour. With an expected annual treatment of 1,800,000 cubic metres some 9,000 carats of diamonds are expected to be recovered through a bank of ten FlowSort machines and an electronic grease table, as well as final hand-sort in a glove-box under secure conditions.

On the basis of the trial-mining on terrace A and subsequent pre-feasibility study, probable reserves were estimated for the Saxendrift Mine. The life-of-mine, based on these reserves, at the proposed rate of mining of 150,000 cubic metres per month is estimated at 2.7 years. Since the plant has been built no additional capital expenditure has been budgeted for the outstanding life of mine. Operating costs have been budgeted at ZAR7.5M/month. The net present value (NPV) at a discount rate of 20% is USD9.8 million.

The key parameters and results from the mine study are tabulated below:
Key Parameters Key Results
Volume of gravel Cubic Metres
Probable Reserve 4,859,900
Average Grade 0.5 ct/100m3
Average sales value (2011) USD2,029/ct
Proposed monthly throughput 150,000m3
Proposed mine life (reserves only) 2.7
Operating Costs (2011) ZAR43/m3
Mining Royalties 0.5-7%*
Capex required to bring mine into production *ZAR 88,237,005
Earthmoving fleet budget N/A
Tax 28%
NPV at discount values of:
15% (reserves only) ZAR 75,082,638
20% (reserves only) ZAR 65,480,170
25% (reserves only) ZAR 57,464,170

*Royalties vary according to the profitability of the mining company, subject to a minimum rate of 0.5% and maximum rate 7.0% for diamonds.

Wouterspan Preliminary Assessment

The Wouterspan Property is located on the northern bank of the Orange River, about 100 km west of Douglas in the Northern Cape Province, South Africa. It is across the river from the Saxendrift mine. Rockwell holds 75% interest in the property. The other 27% interest is held by a Black Economic Empowerment partner.

Rockwell conducted bulk sampling and trial mining activities at Wouterspan until November 2008 and has retained the property on care and maintenance since that time. Since the geology is similar to the adjacent Saxendrift mine.

A preliminary assessment of the project was done based on the indicated and inferred mineral resources at 30 November 2010. The diamond value used in the statement is the average received for +5,500 carats of diamonds sold from the adjacent Saxendrift mine (USD2,029 per carat) during fiscal 2010. The assessment is preliminary in nature, and includes inferred mineral that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary assessment will be realized.

Wouterspan is located in the same area as Saxendrift, so the geology is similar and similar mining methods are expected to be employed. Excavation of the gravels is not planned to change from the standard techniques applied on all of Rockwell's alluvial diamond mines -- excavation by hydraulic excavator followed by transport of gravel to the plant site in mine haul trucks.

The proposed processing plant will be a high-volume, low-cost plant, specifically designed to deal with the peculiarities of the gravels being processed. The plant will comprise 8 (or 12) 18' rotary pan plants and trial-mining will investigate the efficiency of sending selected size fractions to selected pans, namely +2-6mm, -6-12mm and +12-32mm. This is expected to greatly improve the recovery efficiencies of the pans. The plant is planned to be automated to the extent that optimal production, along with minimal downtime and maintenance, can be attained.

The mine plan has been developed in two phases -- phase 1, comprising plant throughput of 180,000 cubic metres per month, for a period of some 24 months, followed by phase 2, to achieve at throughput at some 340,000 cubic metres per month. The overall mine life is 10 years. The net present value (NPV) at a discount rate of 20% is USD126.4 million.

Key parameters and results of the preliminary assessment are summarized below:
Key Parameters Key Results
Volume of Gravel Cubic Meters
Indicated resources 5,025,500
Inferred resources 37,774,000
Average Grade 0.7 ct/100m3
Average sales value USD2,029/ct
Proposed monthly throughput 340,000 m3
Proposed mine life (indicated and inferred resources) 10
Operating Costs ZAR45/m3
Mining Royalties Variable *
Capex required to bring mine into production ZAR122,000,000
Tax 28%
IRR 135%
NPV at discount values of:
15% ZAR1,199,219,358
20% ZAR885,000,000
25% ZAR667,000,000

*Royalties vary according to the profitability of the mining company, subject to a minimum rate of 0.5% and maximum rate 7.0% for diamonds.

Niewejaarskraal Preliminary Assessment

The Niewejaarskraal project is located on the south bank of the Orange River in the Herbert district of the Northern Cape Province, some 57 km southwest of Douglas and some 170 km from Kimberley. The property is a past producer that was acquired by Rockwell in 2009. It is held 74% by Rockwell and 26% by the Black Economic Empowerment partner.

During 2008, Rockwell reprocessed the drilling data from a prior operator and re-estimated the resources. Since no processing has taken place on Niewejaarskraal in the period 2009-2010, the resource volume and grade figures remain unchanged as at November 30, 2010. However, during FY2010, Rockwell sold +5,500 carats of diamonds from the adjacent Saxendrift mine on the open market for USD2,029 per carat. Until a reasonable parcel of stones have been recovered from the Niewejaarskraal mine and sold, this value will be accepted at an Inferred resource classification level.

During 2009/2010 Rockwell has proceeded with plans to complete trial-mining and other studies. Niewejaarskraal is located in the same area as Saxendrift and Wouterspan, so the geology is similar and similar mining methods are expected to be employed .

There is an existing processing plant on Niewejaarskraal, but it will need to be completely re-furbished and upgraded prior to re-commissioning. The current plan, given that Rockwell is currently in the process of re-opening the Wouterspan and Tirisano mines, is for the Niewejaarskraal mine to remain on care and maintenance for the period to fiscal 2013.

The proposed new processing plant will be a high-volume, low-cost plant, specifically designed to deal with the peculiarities of the gravels being processed. The plant will comprise 8 (or 12) 18' rotary pan plants and trial-mining will investigate the efficiency of sending selected size fractions to selected pans, namely +2-6mm, -6-12mm and +12-32mm. This is expected to greatly improve the recovery efficiencies of the pans. The plant is planned to be automated to the extent that optimal production, with minimal downtime and maintenance can be attained. The mine plan has been developed to run at some 340,000 cubic metres per month. Anticipated costs for re-commissioning the mine in 2013 is ZAR130 million, with an anticipated ZAR3 million budgeted for on-going capital expenditures.

A preliminary assessment was completed, at a proposed throughput of 340,000 cubic metres per month at full production, the preliminary estimation of mine life is 6 years, based on the inferred mineral resources currently outlined at Niewejaarskraal. The net present value (NPV) at a discount rate of 20% is USD52.7 million.

This assessment is preliminary in nature, and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary assessment will be realized.

The key parameters and results are tabulated below:
Key Parameters Key Results
Volume of gravel Cubic Metres
Inferred Resources 20,630,000
Average Grade 0.84ct/100m3
Average sales value USD2,029/ct
Proposed monthly throughput 340,000m3
Proposed mine life (inferred resources) 6 years
Operating Costs ZAR45/m3
Mining Royalties 0.5-7%
Capex required to bring mine into production ZAR130,000,000
Earthmoving fleet budget N/A
Tax 28%
IRR 123%
NPV at discount values of:
15% ZAR 450,436,454
20% ZAR 368,824,670
25% ZAR 304,043,501

Royalties vary according to the profitability of the mining company, subject to a minimum rate of 0.5% and maximum rate 7.0% for diamonds.
Tirisano Preliminary Assessment

The Tirisano Project is a past producer that has been on care and maintenance since 2008. The 10,805.57 ha property is located some 35 km due north of the town of Ventersdorp, in the Northwest Province approximately 150 km west of Johannesburg. Rockwell is acquiring the Project from Etruscan Diamonds (see news release dated March 24, 2010). The acquisition will be completed once the mining rights have been ceded to Rockwell.

Mining from the Tirisano project by open cast methods took place from 2002 -- 2008 by the previous operator. Prospecting, geophysical surveys, drilling comprising 2,391 boreholes, totalling 53,576 metres, and bulk-sampling activities have been taking place since 1979.

Tirisano occurs in a karst environment where the dolomite walls of the host-rock are vertical. The mode of gravel deposition is not typical fluvial alluvial, but periodic subsidence has taken place during deposition which has been ongoing since, at least, the Mesozoic period, resulting in a build-up of a very thick gravel sequence. The gravel stratigraphy comprises an upper gravel horizon and a lower gravel unit that are both economically diamondiferous, separated by a sub-economic fine-grained pebble-clay unit. Mineralisation is confined to the gravel packages in-filling karst caverns etched out of the chert-rich dolomites of the Malmani Group. The clay-poor Lower Gravel Package and Upper Gravel Package units are considered to be the major exploration targets as the diamond grades encountered in these units have, historically, supported commercial mining ventures.

A preliminary assessment, based on both indicated and inferred resources, has been completed in support of the planned trial-mining operation. The assessment is preliminary in nature, and includes inferred mineralization that is considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary assessment will be realized.

The preferred method of extracting alluvial gravels at Tirisano is by means of opencast mining. The diamondiferous deposits range from thin tabular horizons to thick (+60 metres) unconsolidated to semi consolidated, gravel units infilling palaeokarst hollows and sinkholes.

Rockwell decided to re-engineer the entire concentration and recovery process before putting the mine back into production. Numerous mineralogical and metallurgical studies were initiated in order to determine the most effective methods for processing the clay-rich gravels that can cause recovery inefficiencies. The Company is constructing a processing facility that consists of 8 16 foot rotary pans that includes an over designed front end to be able effectively break down the clay inherent in the ore body. Since no diamonds have been sold from the Tirisano mine, no current values are available and the early 2008 value of USD606 carat has been applied for the resource estimate. Nevertheless, sales values of diamonds from the district are in the USD700 per carat range, and can be expected during 2011.

At a proposed 180,000 cubic metres per month throughput, the preliminary estimation of mine life is 11.7 years, based on indicated mineral resources only. An additional 7.1 years may be added if inferred mineral resources are included, resulting in a total expected mine life of 18.8 years. Rockwell has determined that the NPV of the Tirisano project at a 15% discount rate is USD 32.3 million. The net present value (NPV) at a discount rate of 20% is USD21.8 million.

The key parameters and results are tabulated below:
Key Parameters Key Results
Volume of gravel Cubic Metres
Indicated Resources 25,279,800
Inferred Resources 15,334,000
Average Grade 2.37ct/100m3
Average sales value USD606/ct
Proposed monthly throughput 180,000m3
Proposed mine life 18.8years
Operating Costs ZAR49/m3
Mining Royalties 0.5-7%
Capex required to bring mine into production ZAR73,000,000
Earthmoving fleet budget N/A
Tax 28%
IRR 59%
NPV at discount values of:
15% ZAR 226,070,559
20% ZAR 153,092,925
25% ZAR 105,432,364

*Royalties vary according to the profitability of the mining company, subject to a minimum rate of 0.5% and maximum rate 7.0% for diamonds.

During 2011, trial-mining and continued pre-feasibility studies are planned to determine the mine-plan which will be implemented to put the Tirisano mine back into full production. During this time, it is expected that the planned modifications to the plant will result in improved grade recoveries. Further, the sale of at least 5,000 carats on the open market will result in a realistic, current valuation of the diamonds.

http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…

[freddy1989]

Hey hier nochmal in Kurzform

Rockwell Diamonds veröffentlichte gestern die Ergebnisse des am 28. Februar geendeten Finanzjahres 2011. Es folgt eine Zusammenfassung der zwölf Monate:

• Der operative Gewinn belief sich auf 4,0 Mio. CAD.
• Der Umsatz stieg verglichen mit dem Vorjahr um 43% an und erreichte 42,5 Mio. CAD.
• Die Produktion erhöhte sich um 5% und betrug 26.165 Karat.
• Der operative Cashflow belief sich auf 8,9 Mio. CAD.

[Pixel_Muc]

Rockwell Unveils Recapitalization Plan and Bridge Loan to Spearhead Growth Strategy

June 10, 2011 Vancouver, BC -- 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 convertible into common shares of the Company at $0.0375 per share. Although Daboll is currently an insider of Rockwell, the Loan is exempt from the minority shareholder approval and valuation requirements under Canadian securities policy 61-101 because it represents under 25% of Rockwell’s current capitalization. However, unless shareholder approval of the Loan is obtained, conversion of the Loan is limited under TSX rules to a maximum of 52.48 million shares or 10% of Rockwell’s currently issued share capital of 524.5 million shares.
Rockwell has a long standing partnership with Steinmetz, formalized in October 2007 through a marketing agreement focused on adding value to selected large and special high value stones. The arrangement pays Rockwell 90% of the prevailing rough diamond price, with the other 10% being on risk. It also provides for the Company to participate in 50% of the downstream added value from polishing and marketing.
Rockwell also updated the market today on its latest diamond tender sales which amounts to a total of 4,779 carats being sold in the first quarter of fiscal 2012 for $7.8 million. Over the same period, the Company realized additional revenues of $1.0 million from its profit share arrangement with Steinmetz, based on 974 carats beneficiated.
With regard to the value unlocked by this partnership, James Campbell, the newly appointed CEO of Rockwell highlighted the significance of its downstream value added initiatives through the partnership with Steinmetz. “While this is integral to the Company’s diamond value management strategy, it is also a demonstrable step forward in Rockwell’s contribution to the South African government’s agenda, encouraging mining companies to support local beneficiation.”
“We hold Rockwell in high regard, both as a strategic partner and supplier of high value stones to Steinmetz. We also view this Loan as a strategic investment,” says Ori Temkin, Managing Director, Steinmetz. “By providing this convertible loan, we are showing both our confidence in Rockwell and the importance of this long term partnership to our organization.”
“We are particularly excited to have concluded this bridging Loan which enables us to continue with two of our key projects as well as continued optimization of our production profile”, said Campbell.
Planned Private Placement
The Loan is an integral step in the planned recapitalization that will see the Company seek to raise up to $35 million in new financings over the coming months in a combination of potential private, shareholder and public placements, the terms of which have not been determined or agreed at this time. The Company is working with financial intermediaries internationally with a view to developing its final objectives. Discussions are underway with a number of interested investors. It is possible that the recapitalization will require shareholders’ approval, including approval to terminate the 2008 shareholder rights plan. If so, this will be sought in conjunction with the annual meeting tentatively scheduled for early August.
“A recent strategic review enabled our leadership team to identify the deliverables in order to achieve our target to increase the Company’s production profile to 10,000 carats per month within six years. We continue to focus on optimizing our existing operations, while also prioritizing initiatives to unlock value from our pipeline of high potential projects,” explains Campbell. “Investing the proceeds from the placement in the ongoing development of the Tirisano mine and a new plant at Wouterspan is key to delivering on our strategic plan and the consequential unlocking of shareholder value.”
Share consolidation
As part of the Company’s recapitalization, the board has approved a 15:1 share consolidation (or reverse-split) which is likely to be effected before the shareholders meeting.
The Daboll loan has received conditional TSX acceptance and will be closed shortly. Further announcements are expected to be made in the near future about the refinancing. For further information on Rockwell and its operations in South Africa, please contact
James Campbell CEO [phone] Stéphanie Leclercq Investor Relations [phone]
About Rockwell Diamonds:
Rockwell is engaged in the business of operating and developing alluvial diamond deposits, with a goal to become a mid-tier diamond mining company. The Company has three existing operations, which it is progressively optimizing, two development projects and a pipeline of earlier stage properties with future development potential. Rockwell is also at an advanced stage of completing the acquisition of the Tirisano property.
Rockwell also evaluates merger and acquisition opportunities which have the potential to expand its mineral resources and production profile and would provide accretive value to the Company.

www.infomine.com/index/pr/PB060828.PDF

[Pixel_Muc]

Präsentation June 2011

http://www.rockwelldiamonds.com/i/pdf/rdi/PPT-June2011.pdf

[Pixel_Muc]

Rdi - Rockwell Diamonds Incorporated - Rockwell - Share Consolidation

RDI - Rockwell Diamonds Incorporated - Rockwell - Share consolidation
ROCKWELL DIAMONDS INCORPORATED
(A company incorporated in accordance with the laws of British Columbia, Canada)
(Incorporation number BCO354545)
(South African registration number: 2007/031582/10)
Share code on the JSE Limited: RDI ISIN: CA77434W1032
Share code on the TSX: RDI CUSIP Number: 77434W103
Share code on the OTCBB: RDIAF
("Rockwell")
ROCKWELL - SHARE CONSOLIDATION
Rockwell shareholders are advised that the board of directors of Rockwell have
resolved, to consolidate the authorised and issued ordinary share capital of
Rockwell on the basis of 1 share for every 15 shares held (" the
consolidation"). The consolidation is aimed at reducing the large number of
issued and unissued shares in Rockwell and increasing the price per share at
which ordinary shares in Rockwell are traded on the Canadian Stock Exchange
("the TSX") and the JSE Limited ("the JSE").
As Rockwell`s primary listing is on the TSX, and their JSE listing is a
secondary listing, the consolidation is being implemented primarily in terms of
the TSX listing regulations, which regulations do not require:
- shareholder approval for a transaction of this nature;
- a Last Date to Trade; and
- a Record Date
Therefore the following dates and actions are applicable to the South African
register:
2011
Last day to trade shares under the pre-consolidated share
capital in order to be recorded as a shareholder by the Friday, 8 July
record date on
Trading in shares under the new consolidated share capital
with new ISIN CA77434W2022 commences on Monday, 11 July
**Existing share certificates must be received by the
company`s transfer secretaries by 12h00 mid-day Friday, 15 July
Record date for determining those shareholders whose
shares will be subject to the Consolidation Friday, 15 July
Dematerialised shareholders will have their accounts at
their Central Securities Depository Participant or broker Monday, 18 July
updated on
Date of issue of new share certificates to certificated Monday 18 July
shareholders if the old share certificates have been
surrendered by 12:00 on record date, on or about.
Share certificates received after this time will be
replaced within 5 business days of receipt.
Notes:
1 All times referred to in this announcement are local times in the Republic
of South Africa on a 24 hour basis.
2 The above dates subject to change. Any material change to the above dates
and times will be announced on SENS
3 No transfers between the TSX and the JSE will take place between Monday 11
July 2011 and Friday 15 July 2011, both days inclusive.
4 No dematerialisation or rematerialisation of share certificates in pre-
consolidated form will take place after Friday, 8 July 2011
5 **a copy of this announcement will be posted to certificated shareholders
together with a form of surrender in order for existing share certificates
to be delivered to the transfer secretaries, Computershare Investor
Services Proprietary Limited, Ground Floor, 70 Marshall Street,
Johannesburg, 2001, South Africa.
(PO Box 61763, Marshalltown 2107, South Africa)
For further information on Rockwell and its operations in South Africa, please
contact
James Campbell
CEO
[phone]
Stephanie Leclercq
Investor Relations
[phone]
About Rockwell Diamonds:
Rockwell is engaged in the business of operating and developing alluvial
diamond deposits, with a goal to become a mid-tier diamond mining company.
The Company has three existing operations, which it is progressively optimizing,
two development projects and a pipeline of earlier stage properties with future
development potential. Rockwell is also at an advanced stage of completing the
acquisition of the Tirisano property.
Rockwell also evaluates merger and acquisition opportunities which have the
potential to expand its mineral resources and production profile and would
provide accretive value to the Company.
No regulatory authority has approved or disapproved the information contained
in this news release.
Canada
1 July 2011
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 01/07/2011 13:41:53 Supplied by www.sharenet.co.za
Produced by the JSE SENS Department .
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

http://www.fin24.com/News/SENS/?ArticleId=378913&Ticker=RDI

[freddy1989]

Hey na endlich tut sich hier mal was neues mal sehen was der neue CEO so bringt

[Pixel_Muc]

Rockwell provides a diamond value management update and further additions to the board and management team in line with the ongoing rollout of its strategic plan

July 4, 2011 Vancouver, BC - 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 decisive action to improve the recovery of diamonds and turn its underperforming assets around. James Campbell, the newly appointed CEO and President of Rockwell who officially took office on June 1, 2011 explains: "Two factors crucial to successfully mining alluvial diamonds are the management of the geology and the metallurgical processes. We have invested significant time and effort in fully understanding our resources and the results have been confirmed by our independent qualified person. The grades and diamond values in our NI 43-101 reports are supported by actual production data and sales prices in addition to sample estimates. This conservative approach gives us comfort that they are currently accurate as we implement improved concentration and recovery technology to translate the resource into efficient extraction."

The Company has accelerated a number of projects to enhance the recovery of diamonds on existing operations as well as at the Tirisano project, currently under development. These will be driven by Dr Kurt Petersen, a world renowned diamond metallurgist who has been retained by Rockwell to improve and sustain the Company's rate of diamond recovery.

A review of the Saxendrift processing plant uncovered opportunities to considerably improve front end processing efficiencies. Based on these findings, the Board has approved the replacement of the current vibrating screen at the in-field screening plant with a 3.0m x 8.0m DabmarBivitec screen, which is fit-for-purpose technology designed to process wet and sticky ores at the required processing rates. The capital cost for the replacement screen will be $600,000.

"A diamond size frequency analysis of Saxendrift's production also showed that by increasing the recovery cut off from the current 2.5mm to 5mm, we could significantly improve plant efficiency," says Campbell. "In addition to improving the plant throughput, productivity gains could be realized by processing less fine materials and lowering overall waste volumes."

There is a focus on maximizing the stones exceeding 10 mm in size and minimizing the costs associated with processing volumes of material that may provide little reward or even negative returns.

At the Tirisano project, Paradigm Project Management, a mine project management consulting firm with experience of constructing more than 100 diamond processing plants, has completed a plant review. Their report highlighted improvements to ensure that Tirisano delivers the anticipated grades after commissioning.

The mine management team has also been changed and strengthened (see management changes below) to ensure the effective implementation of the review recommendations and consequently the commissioning work schedule has been modified to accommodate the changes. The first two streams of the processing plant will be commissioned during the course of the third quarter of calendar 2011. A review of the flow diagrams is underway by the Company's metallurgists to incorporate the latest recovery technologies and thereafter construction will resume on the remaining two streams.

Changes to the board of directors and management team:

The Company welcomes the appointment of James Campbell to the Board of directors with immediate effect.

"We are pleased to formalize James' appointment to the Board of Rockwell," says Dave Copeland, Chairman of Rockwell. "In his first month as CEO he has already swiftly put into action a number of initiatives to improve the Company's long term performance and we are confident that under his leadership we will achieve our growth and value creation objectives."

Rockwell is also pleased to announce the appointment of a new Chief Operating Officer to replace Graham Chamberlain who has agreed to assume the critical responsibility of General Manager, Tirisano, focussing his time on successfully developing this asset which is one of the Company's most strategic assets, in order to ensure that it meets its full potential. In addition to these responsibilities, Graham will assume the role of Director of Rockwell Diamonds Northwest (a subsidiary of Rockwell) with the responsibility of further developing the Company's relationship with its strategic regional partner, Magopa Minerals.

Michael Stanley Hunt will assume the role of Chief Operating Officer of Rockwell with effect from July 11, 2011. Michael has an excellent track record in diamond production, spanning more than three decades. Until joining Rockwell, he worked at Pangea DiamondFields plc as Operations Manager from 2007, keeping these responsibilities after its merger with IGE Resources AB, Sweden in December 2010. Previously he worked at De Beers for more than 20 years in numerous roles including Assistant Research Manager at the Diamond Research Laboratories; Mine Manager at their smallest mine, The Oaks and Assistant General Manager at the world's largest diamond mine, Orapa. Michael has a M.Sc. in Advanced Chemical Engineering (Georgia Institute of Technology, USA) and is a professional engineer in South Africa (Pr. Eng.). He is a member of the Mine Metallurgical Manager's Association of South Africa and the South African Institute of Mining and Metallurgy.

"We are delighted to have attracted a diamond production specialist of Michael's calibre to the Rockwell team," explains Campbell. "Building on our excellent understanding of Rockwell's resources, our focus has migrated to diamond value management. Accordingly, we will optimize our metallurgical processes to consistently recover the high quality gem stones for which our mines are recognized. Michael is well equipped to lead these initiatives which are key to the Company's turnaround."

For further information on Rockwell and its operations in South Africa, please contact

James Campbell CEO [phone]

Stéphanie Leclercq Investor Relations [phone]

About Rockwell Diamonds:

Rockwell is engaged in the business of operating and developing alluvial diamond deposits, with a goal to become a mid-tier diamond mining company. The Company has three existing operations, which it is progressively optimizing, two development projects and a pipeline of earlier stage properties with future development potential. Rockwell is also at an advanced stage of completing the acquisition of the Tirisano property.

Rockwell also evaluates merger and acquisition opportunities which have the potential to expand its mineral resources and production profile and would provide accretive value to the Company.

No regulatory authority has approved or disapproved the information contained in this news release.

Forward Looking Statements
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements.

Factors that could cause actual results to differ materially from those in forward-looking statements include uncertainties and costs related to exploration and development activities, such as those related to determining whether mineral resources exist on a property; uncertainties related to expected production rates, timing of production and cash and total costs of production; uncertainties related to the ability to obtain necessary licenses, permits, electricity, surface rights and title for development projects; operating and technical difficulties in connection with mining development activities; uncertainties related to the accuracy of our mineral resource estimates and our estimates of future production and future cash and total costs of production. In particular there can be no assurance that refinancing funds will be available to Rockwell on acceptable terms or any terms at all.

For further information on Rockwell, Investors should review Rockwell's annual Form 20-F filing with the United States Securities and Exchange Commission www.sec.com and the Company's home jurisdiction filings that are available at www.sedar.com.

http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…

[Pixel_Muc]

Hier nochmal die genauen Daten und Fakten zum R/S

Rdi - Rockwell Diamonds Incorporated - Rockwell - Share Consolidation

RDI - Rockwell Diamonds Incorporated - Rockwell - Share consolidation
ROCKWELL DIAMONDS INCORPORATED
(A company incorporated in accordance with the laws of British Columbia, Canada)
(Incorporation number BCO354545)
(South African registration number: 2007/031582/10)
Share code on the JSE Limited: RDI ISIN: CA77434W1032
Share code on the TSX: RDI CUSIP Number: 77434W103
Share code on the OTCBB: RDIAF
("Rockwell")
ROCKWELL - SHARE CONSOLIDATION
Rockwell shareholders are advised that the board of directors of Rockwell have
resolved, to consolidate the authorised and issued ordinary share capital of
Rockwell on the basis of 1 share for every 15 shares held (" the
consolidation"). The consolidation is aimed at reducing the large number of
issued and unissued shares in Rockwell and increasing the price per share at
which ordinary shares in Rockwell are traded on the Canadian Stock Exchange
("the TSX") and the JSE Limited ("the JSE").
As Rockwell`s primary listing is on the TSX, and their JSE listing is a
secondary listing, the consolidation is being implemented primarily in terms of
the TSX listing regulations, which regulations do not require:
- shareholder approval for a transaction of this nature;
- a Last Date to Trade; and
- a Record Date
Therefore the following dates and actions are applicable to the South African
register:
2011
Last day to trade shares under the pre-consolidated share
capital in order to be recorded as a shareholder by the Friday, 8 July
record date on
Trading in shares under the new consolidated share capital
with new ISIN CA77434W2022 commences on Monday, 11 July
**Existing share certificates must be received by the
company`s transfer secretaries by 12h00 mid-day Friday, 15 July
Record date for determining those shareholders whose
shares will be subject to the Consolidation Friday, 15 July
Dematerialised shareholders will have their accounts at
their Central Securities Depository Participant or broker Monday, 18 July
updated on
Date of issue of new share certificates to certificated Monday 18 July
shareholders if the old share certificates have been
surrendered by 12:00 on record date, on or about.
Share certificates received after this time will be
replaced within 5 business days of receipt.
Notes:
1 All times referred to in this announcement are local times in the Republic
of South Africa on a 24 hour basis.
2 The above dates subject to change. Any material change to the above dates
and times will be announced on SENS
3 No transfers between the TSX and the JSE will take place between Monday 11
July 2011 and Friday 15 July 2011, both days inclusive.
4 No dematerialisation or rematerialisation of share certificates in pre-
consolidated form will take place after Friday, 8 July 2011
5 **a copy of this announcement will be posted to certificated shareholders
together with a form of surrender in order for existing share certificates
to be delivered to the transfer secretaries, Computershare Investor
Services Proprietary Limited, Ground Floor, 70 Marshall Street,
Johannesburg, 2001, South Africa.
(PO Box 61763, Marshalltown 2107, South Africa)
For further information on Rockwell and its operations in South Africa, please
contact
James Campbell
CEO
[phone]
Stephanie Leclercq
Investor Relations
[phone]
About Rockwell Diamonds:
Rockwell is engaged in the business of operating and developing alluvial
diamond deposits, with a goal to become a mid-tier diamond mining company.
The Company has three existing operations, which it is progressively optimizing,
two development projects and a pipeline of earlier stage properties with future
development potential. Rockwell is also at an advanced stage of completing the
acquisition of the Tirisano property.
Rockwell also evaluates merger and acquisition opportunities which have the
potential to expand its mineral resources and production profile and would
provide accretive value to the Company.
No regulatory authority has approved or disapproved the information contained
in this news release.
Canada
1 July 2011
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 01/07/2011 13:41:53 Supplied by www.sharenet.co.za
Produced by the JSE SENS Department .
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http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…

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Rockwell Diamonds trims capital raising down to C$20m


JOHANNESBURG (miningweekly.com) – TSX- and JSE-listed diamond miner Rockwell Diamonds, which does all its mining and diamond beneficiation in South Africa, has trimmed its capital-raising target down to C$20-million.

At the start of the year, the Rockwell board was targeting a C$35-million capital raising, in order to complete its Tirisano diamond mine near Ventersdorp, and upgrade plant and technology at its Saxendrift and Wouterspan mines in the Middle Orange River area.

But the company is now targeting about C$15-million less and expecting to return to the market later for the rest of the funding to complete the uprading of Wouterspan, new Rockwell CEO James Campbell tells Mining Weekly Online in a video interview.

Rockwell, which is producing diamonds at a rate of 1 200 cts to 1 500 cts a month, has a plan to increase production to 2 500 cts to 5 000 cts a month from organic growth, and s going to the market at a time of sharply rising diamond prices.

The first two phases of the Tirisano mine are due for completion at the end of the third quarter and a study is under way reasess the feasibiity of increasing Tirisano's output to 180 000 m3 a month.

Once Tirisano is completed, the upgrading of the Wouterspan operation and the Nuwejaarskraal project will follow.

Since the beginning of the year, the prices of Rockwell diamonds have risen by some 50%.

Internally, however, Rockwell is forecasting a conservative 3.5% real diamond price growth going forward.

The last diamond sales tender prices averaged $1 641/ct.

Typically, 80% of the diamond value from its flagship Saxendrift mine is from stones larger than 10 mm.

Saxendrift diamond prices average more than $2 000/ct with more than 2.5 ct a stone.

“Our niche is in small numbers of very large, very high quality diamonds,” says Campbell.

Diamonds from Tirisano, which average $700/ct, are targeted towards the engagement ring market, while Saxendrift supplies mainly investment diamonds.

Rockwell recently signed an extension of its marketing arrangement with the Steinmetz group for diamonds larger than 2.8 ct.

“This is a very beneficial arrangement,” Campbell comments.

Steinmetz buys diamonds at 90% of the market value and pays the outstanding 10% once they are cut, polished and sold, with Rockwell also sharing in 50% of the uptake from polishing and cutting.

Rockwell beneficiates 80% of its diamonds locally through the Steinmetz cutting factory in Johannesburg.

Campbell is keen to investigate the introduction of x-ray concentration and x-ray recovery technology, which has been used for many years in Russia, to increase operational efficiencies.

If tests are positive, the technology will implemented across the company’s operations.

Several other diamond companies have already ordered the bulk x-ray machines, which have far greater throughput rates and are able to recover type-two diamonds.

Although the type-two nitrogen-free diamonds, represent a small percentage of diamonds globally, they are the high value diamonds.

Most of the diamonds that Rockwell recovers from the Middle Orange River have been swept down over the years from Lesotho, where Gem Diamond’s Letseng operation is currently the world’s largest producer of type-two diamonds, but poised to be overtaken by the upcoming Lucara Diamonds’ AK6 project in Botswana.

The technology that Rockwell currently using does not recover the type-two diamonds unless those diamonds are flawed.

It is envisaged that the bulk x-ray machines will be used as concentrators instead of the traditional pan plants and dense media separation plants, with single-particle units taking care of the the more detailed diamond sorting.

“Not only does that give greater diamond recovery, but it keeps people’s hands off the product,” Campbell tells Mining Weekly Online.

Campbell, who entered the diamond industry in 1983 as an honours student, was involved with the discovery of the Venetia diamond mine in Limpopo.

After graduating, in 1985 he began a 20-year period of wide-ranging experience with De Beers before leading Africa Diamonds as MD and West Africa Diamonds as deputy chairperson.

West Africa Diamonds did a reverse takeover of Stellar Diamonds, where Campbell is still a nonexecutive director, and Africa Diamonds facilitated the buyout of De Beers from the AK6 project and its sale to Lucara Diamond Corporation.

http://www.miningweekly.com/article/rockwell-diamonds-trims-…

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ndependent valuation of Rockwell Diamonds confirms significant upside potential for shares and provides update on private placement


VANCOUVER, July 20, 2011 /CNW/ - 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 to
interviews with management from which it gained an understanding of the
history, background and future growth plans.


Results of Independent Valuation:


"We have a sound understanding of our resources and have published a
technical report for each of our properties," said James Campbell, CEO,
Rockwell. "Having completed a strategic review of the business at the
beginning of this year, we have a full understanding of what we need to
do to improve our financial performance. We are totally committed to
sustainably improving our diamond recovery and thus accreting revenue
and profitability in order to close the value gap."


Rockwell was valued on a going concern basis using a weighted average of
three valuation techniques at February 28, 2011 ("valuation date"):



A trading price method utilizing the average trading price of Rockwell
for the 10 and 90 days preceding the valuation date;


A guideline public company method comparing Rockwell's average dollar
value per enterprise value of reserves and resources to a peer group of
eight listed diamond mining companies; and


An adjusted book value method using discounted cashflow of the
underlying operations.



The underlying discount rates and fair market value of Rockwell's
operations and development properties based on the discounted cash flow
method are as follows:




Operation


Discount rate (%)


Value range





Fair Market Value*


Wouterspan


25.36 to 28.96


$47.4 million to $54.8 million





Tirisano


25.36 to 28.96


$17.6 million to $20.0 million





Klipdam


22.36 to 24.96


$3.6 million





Holpan


22.36 to 24.96


$281,000





Niewejaarskraal


25.36 to 28.96


$37.4 million to $42.5 million





Saxendrift


22.36 to 24.96


$15.5 million to $16.1 million





Resource properties





$121.9 million to $137.3 million





Adjusted book value**





$149.5 million to $165.0 million





* 74% of mine


** Adjustments to balance sheet of Rockwell to evaluate fair value of
net assets at February 28, 2011


The range of fair market value for Rockwell was determined to be $62.0
million to $69.1 million, based on a weighted combination of the three
valuation methods described above:




Valuation method


Midpoint of fair market value


Weighting


Value


Weighting


Value





Trading price method


$25,280,000


40%


$10,112,000


40%


$10,112,000





Guideline public company method


$15,800,000


30%


$4,740,000


25%


$3,950,000





Adjusted book value method


$157,250,000


30%


$47,175,000


35%


$55,037,500





Total








$62,000,000





$69,100,000





Update on private placement:


Rockwell's strategic partnership with Daboll Consultants Ltd, an
affiliate of the Steinmetz Diamond Group continues to strengthen.
Steinmetz has recognized the inherent value in Rockwell with a
subscription amounting to $5 million in the current private placement
at a price of
.75 per share (or 5 cents per share prior to the 15:1
consolidation).


"Our strategic partnership with Rockwell continues to grow from strength
to strength. We have committed significant capital to the current
capital raising initiatives which clearly demonstrates that we have
complete confidence in their investment plans to improve the production
profile," explains Ori Temkin, CEO of Steinmetz Diamond Group.


"Our long standing strategic partner has identified that Rockwell
presents an excellent investment opportunity as our stock is currently
trading at a fraction of the value of its underlying assets, based on
the Company's future cash generation potential", stated Campbell. "The
significant capital that Daboll has committed to Rockwell's private
placement, together with the funds being raised from institutional and
private investors as well as directors of the Company, will enable us
to continue with our investment plans so that Rockwell can deliver on
its potential."


Subscriptions for the private placement are expected to close by July
22, 2011 with a special shareholders' meeting to approve the
transaction scheduled for August 25, 2011. Further announcements will
made in due course.


About Rockwell Diamonds:


Rockwell is engaged in the business of operating and developing alluvial
diamond deposits, with a goal to become a mid-tier diamond mining
company. The Company has three existing operations, which it is
progressively optimizing, two development projects and a pipeline of
earlier stage properties with future development potential. Rockwell is
also at an advanced stage of completing the acquisition of the Tirisano
property.


Rockwell also evaluates merger and acquisition opportunities which have
the potential to expand its mineral resources and production profile
and would provide accretive value to the Company.




About Steinmetz Diamond Group:




'Creators of the world finest diamonds', With seven decades of expertise
and heritage in the diamond industry, the company has a diversified
interest in the diamond business - providing rough and polished
diamonds to our customers around the world, cutting and polishing rough
diamonds in Botswana, South Africa, Namibia and New York.




Steinmetz is known for its leadership in rare and exceptional diamonds
as well as creation of unique high-end jewelry.




Some of the famous diamonds crafted by Steinmetz are the 203.04 carats,
De Beers Millennium Star and the magnificent Steinmetz Pink - 59.60
carats, flawless fancy vivid pink diamond.




The group marketing arm has been innovative and creative through special
exhibitions at the Smithsonian in Washington as well as 'Diamonds' at
the Natural History museum in London. Steinmetz is a proud sponsor of
Formula 1 team Vodafone McLaren Mercedes and holds annually the Monaco
GP Flawless Engineering Weekend.




The main administrative offices are based in Geneva, Switzerland with a
global presence in Antwerp, Tel Aviv, London, New York, Chicago, Dubai,
Mumbai, Hong Kong, Johannesburg, Gaborone and Windhoek.




For more information, visit www.steinmetzdiamonds.com


Evans & Evans valuation parameters


The summary of the Comprehensive Valuation Report ("Valuation') is
qualified in its entirety by the full text of the Valuation. The
analyses conducted by Evans & Evans, as described in the Valuation,
should be considered as a whole. To focus on specific portions of each
analysis and of the factors considered, without considering all
analyses and factors, could create an incomplete and misleading view of
the processes underlying the Valuation.


In connection with the preparation of the Valuation, Evans & Evans
relied upon financial and other information, data, advice, opinions and
representations obtained by Evans & Evans from public sources or
provided to Evans & Evans by Rockwell or otherwise pursuant to the
engagement of Evans & Evans. The Valuation is conditional upon the
facts or representations that were relied upon. Subject to the
exercise of their professional judgment and except as expressly
described in the Valuation, Evans & Evans did not attempt to verify
independently the accuracy or completeness of any such information,
data, advice, opinions or representations.


The Valuation has been prepared on the basis of securities markets as
well as economic and general business and financial conditions
prevailing as at June 30, 2011 and on the condition and prospects,
financial or otherwise, of Rockwell as reflected in the information and
documents reviewed by Evans & Evans and as represented by executive
officers and operating management of Rockwell.


No regulatory authority has approved or disapproved the information
contained in this news release.


Forward Looking Statements


Except for statements of historical fact, this news release contains
certain "forward-looking information" within the meaning of applicable
securities law. Forward-looking information is frequently characterized
by words such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate" and other similar words, or statements that
certain events or conditions "may" or "will" occur. Although the
Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may
differ materially from those in the forward-looking statements.


Factors that could cause actual results to differ materially from those
in forward-looking statements include uncertainties and costs related
to exploration and development activities, such as those related to
determining whether mineral resources exist on a property;
uncertainties related to expected production rates, timing of
production and cash and total costs of production; uncertainties
related to the ability to obtain necessary licenses, permits,
electricity, surface rights and title for development projects;
operating and technical difficulties in connection with mining
development activities; uncertainties related to the accuracy of our
mineral resource estimates and our estimates of future production and
future cash and total costs of production. In particular there can be
no assurance that refinancing funds will be available to Rockwell on
acceptable terms or any terms at all.

http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…

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Rockwell Diamonds' sale of unproductive assets generates C$6.5 million to be used to fund capital growth projects

July 26, 2011 Vancouver, BC - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) is pleased to announce further progress in its turnaround strategy, with the sale of three non core assets which generated total proceeds of C$6.5 million.

"The strategic review which was conducted in the first quarter of 2011, included an investigation of our asset allocation processes to ensure that all equipment and properties were being fully utilized," explains James Campbell, CEO Rockwell. "This analysis of the Company's asset register helped us to identify three assets that were not generating adequate returns and the decision was taken to sell these to generate funds for our capital investment programme. We will continue with this evaluation process to ensure that we optimally use all the assets on our balance sheet."

The assets which have been disposed of are as follows:

* The sale of Makoenskloof property, located in the Northern Cape, was concluded in mid July 2011 for C$0.9m, which will be settled by the end of August 2011. The decision to sell this property was taken after the exploration and evaluation results showed that it did not fit Rockwell's investment criteria and that it might prove attractive to a third party with a different set of skills.

* The PC3000 excavator located at the Wouterspan mine which is on care and maintenance has been sold. The sale was completed in the third week of July 2011 and the full sale consideration of C$3.0 million has been received.

* A sale agreement for the Holpan DMS plant has been concluded for a total consideration of C$2.6 million which is payable in two equal tranches. The first payment of C$1.3 million has been received with the balance payable within 30 days. The mine was put on care and maintenance in May 2011 and is adjacent to Klipdam, which has a plant with the capacity to process any gravels extracted from Holpan in the future.

Campbell highlighted this as "a positive move forward for Rockwell and just one of many proactive steps being taken to ensure that the Company delivers on its potential. The funds amounting to C$6.5 million will be allocated towards our new capital project budget. This includes putting in place a new in-field screen at Saxendrift, and completing the Tirisano construction project. These funds will supplement our current capital raising activities, reducing the total quantity of funds which we are targeting as well as dilution to the immediate benefit of all shareholders."

Campbell explained that the team "was looking at every aspect of the business with the objective of ensuring that our focus turned to creating value and sweating the assets" and did not discount further sales as he cleaned up things across the Company's operations.

http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…

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Vollständige News - Link folgen

Rockwell updates Prefeasibility Study for Saxendrift and Preliminary Assessments for Wouterspan, Niewejaarskraal and Tirisano Projects

August 2,2011, Vancouver, BC - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) 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 access the capital necessary to meet its production goals.

Current production of some 2,500 carats of large gem quality diamonds per month is derived from two operations, the Holpan/Klipdam mine located in the Northern Cape, and the Saxendrift mine in the Middle Orange River are of the Northern Cape Province. The Company is in the final stages of acquiring and redeveloping the Tirisano mine, located in Ventersdorp in the North West Province, which is slated to come on stream in the second half of fiscal 2012. It also plans to re-commission the Wouterspan and Niewejaarskraal projects within the next two years.

A Prefeasibility Study for Saxendrift and Preliminary assessments for Tirisano, Wouterspan and Niewejaarskraal were completed and announced at the Company's recent year end. Results of the Wouterspan study presented in Rockwell's May 31, 2011 news release were based on forecasted 10% annual increases in diamond prices as advised by the South African Diamond Council. Base case results were reported from the Tirisano and Niewejaarskraal studies, using the average diamond price received during the last year of mining at these past producers. The following provides the results of the base case and forecast increasing price as presented in the preliminary assessments.

The studies were done in South African Rand (ZAR) and US dollars (USD), and used a conversion rate of 6.8 ZAR:1 USD. Royalties applied in each case vary according to the profitability of the mining company, subject to a minimum rate of 0.5% and maximum rate 7.0% for diamonds. The results presented are for 100% of the projects. Rockwell holds a 74% interest in the Wouterspan and Niewejaarskraal projects and will also hold a 74% interest in Tirisano once the project acquisition is completed. The remaining 26% interests are held by Black Economic Empowerment partners.

The assessments are preliminary in nature, and include inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, so there is no certainty that the preliminary assessment will be realized.


http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…

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Rockwell Announces Results for First Quarter of Fiscal 2012

Thursday August 11, 2011, Vancouver, BC - 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% reduction in general and administration expenses
* Gross profit of $0.5 million and operating loss of $1.2 million
* Production decreased 40% to 4,428 carats due to unseasonal rain
* Net cash inflow from operating activities of $1.9 million, a year-on-year turnaround of $3.0 million
* Net cash balance of $3.0 million after capital investments of $2.0 million
* Focus on optimizing existing operations and prioritizing initiatives to commission pipeline of high potential projects
* Executive team further bolstered with new CEO, COO and additional diamond metallurgy skills
* Finalization of Section 11 cession for Tirisano by Department of Mineral Resources (DMR) post quarter end


Financial Overview

(Currency values are presented in Canadian dollars unless otherwise indicated.)

Rockwell posted an improved financial performance for the first quarter of fiscal 2012. The general and administrative expenses declined by 19% to $1.8 million (Q1 2011: $2.2 million) and the Company continued to generate cash as reflected by the net cash inflow from operating activities of $1.9 million (Q1 2011: net cash outflow of $1.0 million). Rockwell preserved its net cash balances at $3.0 million, after making capital investments of $2.2 million at the Tirisano project.

The Company delivered stable revenue of $8.5 million for the quarter, underpinned by diamond prices which continued to strengthen. However, revenue growth was limited by lower inventories available for sale during the quarter as well as disappointing production due to legacy issues at the operations which were exacerbated by the unseasonably long rainy season. Carats sold in the first quarter decreased 3% year-on-year to 4,779 at a marginally higher average price of US$1,631 per carat (Q1 2011: US$1,611 per carat). The beneficiation joint venture continued to grow during the quarter, generating revenue of $943,842 (Q1 2011: $289,010).

The Company reported a gross profit for the quarter of $502,716 (Q1 2011: $2.5 million). An operating loss of $1.2 million compares to an operating profit of $329,776 in the comparable period of the previous fiscal year, mainly due to the $2.9 million inventory movement recorded in 2010.

The Company produced 4,428 carats (Q1 2011: 7,368 carats). This year-on-year decrease of 40% is the result of the rainy season, which extended well into the second quarter, and production issues that persisted at Saxendrift, all of which are being addressed with the diamond value management strategy. The closure of the Holpan operation in May 2011 also had an impact.

With current assets amounting to $12.4 million and current liabilities of $9.0 million, the Company's current ratio improved to 1.13 (May 31, 2010: 0.74).

Operational Overview

Production Sales and inventories
Volume (m3) Carats Average grade (carats / 100 m3) Sales (carats) Average value (US$ / carat) Inventories (carats)
Q1 2012 593,164 4,428 0.75 4,779 1,631 706
Year-year change -22% -40% -23% -3% 1% -84%

The production of the Company decreased by 22% to 593,164 cubic metres (May 31, 2010: 756,476 cubic metres) which was below internal targets. The decline was due to the closure of operations at Holpan, high levels of precipitation which extended beyond the normal rainy season and impacted overall productivity. Volume production at the Saxendrift operation was stable for the quarter.

The Company continued to focus on reducing mining costs across its operations, but unit costs were impacted by the lower volumes. The average operating cash cost for the Company's productive operations was US$10.48 per cubic metre.

Holpan and Klipdam

At the time that the Holpan mine was placed on care and maintenance in May 2011, a process to consolidate its resources with those of Klipdam was initiated to extend the remaining combined life of mine. Processing at the Holpan DMS plant was immediately stopped, the plant was sold and, where possible, the staff was redeployed to other local mining sites.

Mining and processing efficiencies were impacted by the high clay content in the Rooikoppie gravel related to the prolonged rainy reason. Material for the Klipdam plant was primarily sourced from the palaeo channel, where mitigation measures to address the impact of higher rainfall have started to pay off. However, processing of damp gravels continued to impact the plant processes.

Looking forward into the second quarter, Klipdam has begun to focus on the processing of quality material and the efficient recovery of diamonds under the leadership of new management team in support of the diamond value management approach.

Saxendrift

Production volumes at Saxendrift were maintained but the persistence of sand lenses impacted efficiencies in the recovery of diamonds. Although the recovered grade declined by 42%, the mine continued to generate high quality stones as reflected in the average value per carat that increased by 10% to US$2,686.

The in-pit desanding plant continued to be ineffective and, based on the findings of an independent review of the mine's processing plant, the Board approved the replacement of the current vibrating screen with fit-for-purpose technology which should enable the processing of wet and sticky ores to converge towards the required processing rates. Other initiatives are also being evaluated to improve plant efficiency.

Progress on Tirisano acquisition

The last conditions precedent for the Tirisano acquisition have been fulfilled. The senior debt which was provided by the Industrial Development Corporation was restructured in July 2011 and the Section 11 cession approval from the DMR was received early in August 2011. Rockwell is now in a position to complete the transaction and take effective ownership of the mining rights.
A plant review was undertaken at Tirisano, resulting in recommendations to improve the processing plant which is currently under construction. The commissioning schedule was modified and the first two production streams of the plant will now go into production at the end of the third quarter of 2011 ramping up to a monthly capacity of 90,000 cubic metres.

Our metallurgists are currently reviewing the flow diagrams for the new front end and the Company plans to complete construction early in fiscal 2013, depending on the availability of capital. The remaining two lines will be redesigned to implement processing technologies which support Rockwell's diamond value management strategy, commencing within three months of production commencing.

Diamond Market

The industry is currently characterized by strong consumer demand for diamonds which is accelerating price increases of both polished and rough stones. Initially prices for small diamonds accelerated more quickly following the 2008 market downturn but larger sizes have recently caught up. The strength of the market was recently confirmed with De Beers' latest market allocation that occurred in the second week of May when prices increased by 15% across the board.

With respect to Rockwell's product, prices have continued to improve in calendar 2011, although the rate of increases did not match the levels experienced at the end of 2010. Overall prices increased 5% at the most recent sale. Demand in specific categories of stones has started to gather momentum as these are increasingly perceived as offering value for money. Rockwell has a natural price hedge on its production of larger diamonds which are sold into the Steinmetz Diamond Group beneficiation joint venture.

Strategy Overview

During the quarter, Rockwell focused on entrenching the programmes identified in an earlier strategic review to increase the production profile. The top goals are to optimize the Company's productive mines in order to deliver better returns by continuing to drive down unit costs and to sustainably enhance the metallurgical processes to increase the recovery of diamonds and, therefore, revenue.

With regard to making investments to increase its production profile, the new management team has reviewed its investment priorities. Rockwell will complete the implementation of new in-field screens at the Saxendrift operation and the Tirisano mine project before embarking on its plans to develop the Wouterspan and Niewejaarskraal mines. Both of these properties have extensive mineral deposits which have historically been mined with recoveries similar to those at Saxendrift, in terms of size, quality and average price per carat. New high volume processing plants are planned, incorporating the latest technologies in diamond recovery that have been shown to be significantly more efficient than traditional DMS and pan plant configurations. The timing of these new developments will be predicated on the availability of funding with a preference for using internal cashflow; however, these may need to be supplemented by external capital.

The strategic review also included an investigation to ensure that all equipment and properties were being fully utilized. Three major assets that were not generating adequate returns have been sold post quarter-end for a total of $6.5 million. The proceeds from these sales have been allocated to the new capital projects and will supplement other capital currently being raised. This reduces the total quantity of external funds required and limits dilution to the immediate benefit of all shareholders.

In relation to enhancing capital allocation in the Company, Rockwell continues to review all aspects of the business to ensure that its assets are optimally utilized. This could potentially include further sales of underutilized assets.

Recapitalization Plan

In June, the Company announced a strategic refinancing plan including a $2 million convertible bridge loan from Daboll Consultants Ltd., an affiliate of the Steinmetz Diamond Group. This was the first step in the planned recapitalization whereby the Company is raising capital in a combination of potential private, shareholder and public placements to make the required investments to increase the production profile to 10,000 carats per month within five years. The proceeds from the placement will be invested in plant improvements at Saxendrift, the ongoing development of the Tirisano mine as well as preliminary work on a new plant at Wouterspan.

Daboll Consultants Ltd also subscribed for shares amounting to $5 million as part of the current private placement at a price of $0.75 per share. The combined annual general and special shareholders' meeting to approve the transaction is scheduled for September 9, 2011.

Share consolidation

On July 11, 2011, a consolidation of the authorized and issued ordinary share capital of Rockwell became effective on the basis of 1 share for every 15 shares held. The consolidation was aimed at reducing the large number of issued and unissued shares in Rockwell and increasing the price per share at which ordinary shares in Rockwell are traded on the TSX and the JSE Limited.

Outlook

Although carat production in June and July 2011 was disappointing, the strong production of diamonds in the last two weeks should enable the Company's performance for the second quarter to at least match the results for the same period in fiscal 2011.
In particular a number of exceptionally large, high quality stones including three diamonds weighing 180, 128 and 94 carats as well as several stones of between 20 and 50 carats have recently been recovered at Saxendrift. This should enable the mine to deliver on its budget for the quarter. At Klipdam, a process to optimize volume throughputs to the plant has begun and there are early indications that it will lead to improved diamond recovery.

Inflationary pressure on mining expenses, particularly in relation to fuel, power and labor, is an area which Rockwell is monitoring closely in addition to its overhead expenses in order to achieve further cost reductions. The efficiency initiatives encompassing the diamond value management approach are being aggressively implemented at the operations and are expected to start paying off in the third quarter of fiscal 2012.

Another critical aspect of the Company's turnaround at Saxendrift and Klipdam is the proposed introduction of continuous operations at these mines and management continues to negotiate with the DMR and relevant unions in this regard.

The fundamentals for the diamond market remain strong, underpinned by growing demand from China and India. While prices increased by some 50% in the calendar year to date, the Company anticipates that the market could see more normalized increases as it enters a short period of consolidation. Nevertheless, with the recovery of several exception diamonds in the second quarter, the Company anticipates strong revenues from its beneficiation joint venture arrangement.

Commenting on Rockwell Diamonds, Mr James Campbell, CEO and president of Rockwell Diamonds said:

"The results for the first quarter demonstrate that although production was under pressure, the underlying financial health of Rockwell continued to improve. This is evidenced by the 19% reduction in overhead costs, the positive cash inflows from operations and the fact that we maintained our net cash balances at $3.0 million after making further investments to increase our future production. In the last eight weeks, we have taken decisive action to address the areas of underperformance in our operations. I believe that as a result of these actions, we will start to see the further financial benefits from improved efficiencies and recoveries."

"We have the makings of a successful mid-tier diamond mining company. Having invested significant time and effort to fully understand our resources, we recently bolstered our diamond metallurgy skills to make sure that we leverage the full value of these resources. Our pipeline of high potential projects can be leveraged to deliver our targeted monthly production of 10,000 carats within five years. Diamond value management underscores all our activities, and this philosophy extends to all our capital investments. Our first priority will be to commission the Tirisano mine and implement an effective front-end screen at Saxendrift. Once these have been fully bedded down, we will turn our attention to securing the required capital resources and constructing the processing plants at Wouterspan and Niewejaarskraal, deploying the latest proven technologies to maximize the value created from these properties."

http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…

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Rockwell to implement highly effective bulk x-ray technology diamond recovery at Saxendrift

September 6, 2011 Vancouver, BC - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) announces that its board of directors has approved the capital investment to install high throughput (or bulk) x-ray technology at Saxendrift. This represents another positive step in implementing and entrenching its diamond value management programmes which are focused on sustainably enhancing diamond recoveries.

High throughput x-ray plants are the next significant advancement in diamond processing technology. These plants effectively concentrate and recover diamonds in one single, efficient, cost effective and secure step. This technology can also identify rare Type II diamonds, which are known to be present in Rockwell's Middle Orange River properties. Diamonds of this type are, generally, not recognized by the standard x-ray technology currently used at Saxendrift.

"The existing plant at Saxendrift is currently based on traditional pan plant technology that is known to be less efficient in the recovery of diamonds than the bulk x-ray technology which we are seeking to implement," explains James Campbell, CEO, Rockwell. "We will pilot this technology at Saxendrift to fine tune it to our specific requirements. Our objective is to deploy the same technology over the next few years in the new processing plants that are planned to be built at Wouterspan and Niewejaarskraal with significant efficiency improvements over standard flow sheets."

The project will include the procurement and installation of one high throughput Bourevestnik (BV) sorter and one BV single particle sorter for the concentration and final sorting of diamond bearing ore at Saxendrift. The capital cost of some $1.5 million will be funded from the proceeds of the recent asset sales. This cost includes the installation of these units into an additional 400tph plant at Saxendrift. The order has been placed for the equipment however the order backlog is currently at about six months as a result of many other diamond mining companies seeing the same benefits as Rockwell. Commissioning is expected to be completed within three weeks of delivery.

Evaluation of the new technology for Saxendrift suggests that the new installation is likely to achieve a positive payback after the retreatment of old recovery plant tailings. Subsequently, the new plant will be used to process the run of mine ore and is expected to result in a significant improvement in diamond recoveries.

Campbell also stated "together with the other improvements currently in progress at Saxendrift and the recovery of high quality gem stones, we are confident that production at this mine will improve significantly to enable it to produce more of the large, high value diamonds for which it is known."

http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…

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September Rockwell Diamonds shareholders pass all resolutions at AGM Company provides strategic update


September 9, 2011 Vancouver, BC - Rockwell is pleased to announce that all the resolutions put forward in the Proxy were passed by the shareholders at the annual and special general meeting of shareholders held in Vancouver today. The Company has also provided a strategic update on the operations and its immediate priorities.

Annual and Special General Meeting results:

The resolutions which were passed at the meeting were as follows:

* Dr. Mark Bristow, James Campbell, David J. Copeland, Gary Wu, Dr Willem Jacobs, Richard Linnell and Sandile Zungu were re-elected as Directors;
* KPMG Inc. Chartered Accountants were appointed as Auditors of the Company for 2012;
* Approval was obtained for the new Share Option Plan; and
* Shareholders voted unanimously in favour of the refinancing plan with Daboll Consultants Ltd.

Strategic update:

Substantial progress has been made at the Company's mining operations in the second quarter of fiscal 2012:

* At Tirisano, the first two streams will be ramping up to a monthly production of 90,000 cubic metres during the course of October 2011 and this includes relocating the Holpan recovery plant to Tirisano and expanding the existing front-end. Having received the Section 11 cession from the DMR, the focus is also on finalizing the transaction, which is expected to occur before the mine starts ramping up production. It is encouraging that the quality and price per carat of the stones recovered at Tirisano to date exceeds any historically produced by the mine's previous operators.
* Mining at Klipdam has migrated from the palaeo channel to mine to the Rooikoppie gravels where diamonds can be recovered at a significantly lower unit cost. Accordingly there is now potential for the life of this mine to be extended beyond the one year life which was previously reported.
* Recoveries at Saxendrift have improved substantially, with particularly good production in August 2011 from the multiple mine faces which have recently been opened and despite the persistent high sand content of the gravels and the absence of a suitable front-end at the plant. The Bivitec front end screen, for which Rockwell announced the planned installation in early July 2011 will be commissioned towards the end of October 2011. The mine's performance is now moving towards the production levels originally estimated by the Company's geologists. The addition of diamond processing skills to the team is already beginning to pay off.

There was strong interest in the private placement which has now closed with total proceeds of $7.8 million. The final amount of the placement was lower that what was initially targeted because the Company received $6.5 million from asset sales, reviewed immediate capital requirements and made a conscious decision to limit the dilution of existing shareholders. It is also particularly gratifying that this level of support was achieved from shareholders without issuing shares at discounted values or the issue of special warrants.

The emphasis at Rockwell is now firmly on unlocking its profit potential to supplement the capital which has recently been raised with internally generated cash resources. The Company has also heightened its focus on resolving the funding issues with its black economic empowerment partners who have significant outstanding liabilities to the Company. A favourable resolution to these negotiations would substantially improve Rockwell's cash position.

The majority of the Company's shareholder support is currently through the TSX. However, in order to capitalize on its South African roots, Rockwell is actively engaging with the South African investment community to achieve a more representative ownership balance between the JSE and the TSX.

"We are pleased with the progress that Rockwell has made in the last three months in creating a much more commercially aligned business, focused on diamond value management to generate profit and to unlock value for its loyal shareholders," concluded Dave Copeland, Chairman of Rockwell. "The capital which has been raised will immediately be applied to value creating growth opportunities, in order to enhance cash generation with the focus on cash flow that will contribute to funding the longer term growth objectives."

For further information on Rockwell and its operations in South Africa, please contact.

James Campbell CEO [phone]
Stéphanie Leclercq Investor Relations [phone]


About Rockwell Diamonds:

Rockwell is engaged in the business of operating and developing alluvial diamond deposits, with a goal to become a mid-tier diamond mining company. The Company has three existing operations, which it is progressively optimizing, two development projects and a pipeline of earlier stage properties with future development potential. Rockwell is also at an advanced stage of completing the acquisition of the Tirisano property.

Rockwell also evaluates merger and acquisition opportunities which have the potential to expand its mineral resources and production profile and would provide accretive value to the Company.

http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…

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Rockwell's latest diamond sales reflect continued price strength

VANCOUVER, Sept. 26, 2011 /PRNewswire/ - Rockwell Diamonds Inc ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) announces the results of second quarter sales of its diamond production from South African operations.

Total proceeds of $7.0 million were generated from the sale of 3,223 carats. The average price per carat for the quarter was USD $2,187, demonstrating the high quality of stones sold.

Operation Carats US $ Revenue US $/ct
Holpan 27 $4,755 $176
Klipdam 1,456 $1,500,506 $1,030
Saxendrift 1,740 $5,542,268 $3,186
Total 3,223 $7,047,529 $2,187

Recovery and beneficiation of notable stones:

Production across the Company's operations, which was disappointing in June and July 2011, recovered strongly in August 2011. In particular, 373 carats were recovered at Rockwell's Saxendrift mine on August 2, 2011 which was a daily record at the mine. Large stones produced by each of the operations during the second quarter are as follows:

* Klipdam produced 14 stones exceeding 10 carats; and
* Saxendrift produced 32 stones weighing more than 10 carats, of which 11 stones exceeded 20 carats

These stones have been passed into the Company's beneficiation joint venture with the Steinmetz Diamond Group which delivers value added revenues for Rockwell's stones that exceed 2.8 carats.

During the quarter the high quality stones sold through the beneficiation joint venture with Steinmetz Diamond Group, included the following:

* a 128.67 carat perfect sawable; fancy yellow with high clarity stone;
* a 21.52 carat gem quality; clean D/E color stone;
* a 33.51 carat octahedral, clean, H/I colored stone; and
* a 179.95 carat makeable, clean brown colored stone.

Further details pertaining to the beneficiation revenues will be disclosed with the second quarter earnings announcement which will be made on or about October 17, 2011.

Rough Diamond Market:

Although prices remain strong overall, the diamond market has been impacted by uncertainty in the financial markets in the second quarter of fiscal 2012. During June and July 2011, prices for both rough and polished diamonds increased, as higher pricing in the downstream industry was led by speculative activity. Producers followed suite, with rough prices achieving all time record levels at the end of July 2011, leading into the summer vacation period. Polished prices continued to rise, but the pace remains slower than for rough diamonds, resulting in the continued disconnect between the cost of rough diamonds and polished prices.

As global financial markets corrected in August 2011, diamond traders were left holding expensive inventory in uncertain markets. By the end of August, prices had corrected but are expected to stabilize following the Hong Kong diamond show and the next De Beers sight later this month.

Commenting on the latest diamond sales, James Campbell, CEO, Rockwell said:

"We are pleased that the high quality of our current production has supported higher selling prices. While the underlying diamond market has increased by some 25% per carat for diamonds such as those typically produced by Rockwell in the past twelve months, our average price for the quarter has more than doubled. This is a clear demonstration that the diamonds which we have presented for sale are of a superior quality and in high demand."

"At the end of August, Rockwell focused its sales on larger diamonds through our beneficiation JV which benefits from Steinmetz's ability to manufacture to achieve value of polished product. We had been anticipating the short term price consolidation that has occurred in August 2011. Our products were not sold at a discount to drive sales."

"We produced 46 stones exceeding 10 carats from our two operational mines, which included 11 rough stones weighing more than 20 carats. This is an indication that our diamond value management focus, which prioritizes the production of quality tons, is starting to pay off."

About Rockwell Diamonds:

Rockwell is engaged in the business of operating and developing alluvial diamond deposits, with a goal to become a mid-tier diamond mining company. The Company has three existing operations, which it is progressively optimizing, two development projects and a pipeline of earlier stage properties with future development potential. Rockwell is also at an advanced stage of completing the acquisition of the Tirisano property.

Rockwell also evaluates merger and acquisition opportunities which have the potential to expand its mineral resources and production profile and would provide accretive value to the Company.

No regulatory authority has approved or disapproved the information contained in this news release.

Forward Looking Statements

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements.

Factors that could cause actual results to differ materially from those in forward-looking statements include uncertainties and costs related to exploration and development activities, such as those related to determining whether mineral resources exist on a property; uncertainties related to expected production rates, timing of production and cash and total costs of production and milling; uncertainties related to the ability to obtain necessary licenses, permits, electricity, surface rights and title for development projects; operating and technical difficulties in connection with mining development activities; uncertainties related to the accuracy of our mineral resource estimates and our estimates of future production and future cash and total costs of production and diminishing quantities or grades if mineral resources; uncertainties related to unexpected judicial or regulatory procedures or changes in, and the effects of, the laws, regulations and government policies affecting our mining operations; changes in general economic conditions, the financial markets and the demand and market price for mineral commodities such and diesel fuel, steel, concrete, electricity, and other forms of energy, mining equipment, and fluctuations in exchange rates, particularly with respect to the value of the US dollar, Canadian dollar and South African Rand; changes in accounting policies and methods that we use to report our financial condition, including uncertainties associated with critical accounting assumptions and estimates; environmental issues and liabilities associated with mining and processing; geopolitical uncertainty and political and economic instability in countries in which we operate; and labour strikes, work stoppages, or other interruptions to, or difficulties in, the employment of labour in markets in which we operate our mines, or environmental hazards, industrial accidents or other events or occurrences, including third party interference that interrupt operation of our mines or development projects.

http://www.reuters.com/article/2011/09/26/idUS116891+26-Sep-…

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Rockwell Diamonds Strengthens Board of Directors

October 3, 2011, Vancouver, BC -- Rockwell Diamonds Inc. ("Rockwell Diamonds" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) is pleased to announce that it has strengthened its board of directors with the appointment of a new non-executive director as well as a new chairman.

* David Copeland has stepped down as Chairman, but will remain on the board as a non-executive director. The Company is delighted that he will continue to contribute to strategic matters while actively supporting the new Chairman.

* Dr Mark Bristow has been appointed as non-executive Chairman with effect from September 9, 2011. Mark was Acting CEO of Rockwell for six months to May 2011 during which he initiated the strategic review early in 2011 which led to initiatives to improve the production profile and enhance efficiencies. He is well positioned to guide the Company as it delivers on its growth strategy.

* Johan van'T Hof has joined the board of Rockwell as an independent non-executive director and will be appointed to the audit committee. Based in Canada, Johan is a C.A. and holds an MBA. He has wide ranging experience in the listed company environment including regulatory affairs, financings, mergers and acquisitions and corporate finance.

These changes to the board are in line with the ongoing operational and strategic repositioning of the Company, ensuring that it has a board and management team with the appropriate and committed skills to optimize its performance and to unlock its inherent value for shareholders.

"We welcome Johan to the board and look forward to a long and productive engagement with him. The additional technical and financial skills which he brings will benefit the Company as it progresses with its growth strategy," explains Mark Bristow, Chairman, Rockwell Diamonds. "We also express our sincere gratitude to David for his loyal commitment and wise counsel during his five year tenure as Chairman. With the changes that have been implemented, Rockwell's board has a good balance with its South African based knowledge and experience being complemented by global focus of our international directors."

For further information on Rockwell and its operations in South Africa, please contact

http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…

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Rockwell to ramp up production profile with finalization of Tirisano acquisition

October 11, 2011 Vancouver, BC -- Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) announces the completion of the Tirisano Mine project acquisition. The effective date of the transaction is September 1, 2011 on a going concern basis, although the operation has been on a care and maintenance arrangement for two years.

"We are delighted that this transaction has now been completed as Tirisano is of strategic importance to Rockwell's long term growth objectives. The quality and price per carat of the stones recovered at Tirisano during the commissioning and recovery testing phase are encouraging as these exceeded what was achieved by the mine's previous operators,' commented James Campbell, CEO, Rockwell. "We are confident that the mine will make a meaningful contribution to our objective of sustainably ramping up Rockwell's production profile. We also anticipate that over the long term, the mine will enhance the Company's cash flows and plan to apply these to create the maximum long term returns for shareholders."

On September 9, 2010 Rockwell Resources RSA (Pty) Limited signed a Sale of Shares and Claims Agreement with Etruscan Diamonds Bermuda Limited, Etruscan Diamonds Limited and Etruscan Resources Inc. whereby the Company agreed to acquire Etruscan's Blue Gum Diamond operation in the Ventersdorp region of South Africa.

The acquisition was for 100% of the equity in Etruscan Diamonds (Pty) Limited (an exploration company) and 74% in Blue Gum Diamonds (Pty) Limited ("the acquired companies"). The balance of the equity in Blue Gum Diamonds (Pty) Limited is owned by the Company's BEE partner, the local Mogopa community, in accordance with the South African Mining Charter. Blue Gum Diamonds Pty Limited owns the Tirisano mining right and the operation has been on care and maintenance since June 2008.

Final Acceptance and Release documents were signed on October 7, 2011 pursuant to all the conditions precedent being met (including the mineral property transfer approval and the IDC's commitment to consolidate the Company's debt finance with deferred payment terms).

A third condition to the transaction has been the commitment of the local Mogopa community to its continued partnership with the Company through its support and involvement. This is a key business requirement in order to resume and build a sustainable mining operation at Tirisano.

The purchase consideration of ZAR33.5 million ($4.65 million) is funded by:

+ Internal funding - care and maintenance advances / net debt and working capital movements amounting to ZAR14.5 million ($2.01 million); and
+ Equity funding - the issue of 2.6 million Rockwell Diamonds Inc (RDI) ordinary shares to settle the balance of ZAR19.0 million ($2.64 million). The effective share price was established in September 2010, determining the number of shares to be issued.

The Company has established a mining fleet, processing plant and final recovery capacity on site over the past eighteen months in order to progress to commercial production. The mine has a current production capacity of 90 000 m3 per month. Plant modifications were completed in-house, using unutilized existing plant and machinery which was redeployed from Rockwell's Wouterspan and other Northern Cape mines. In particular, the Company addressed the issues with the front end and recovery which were revealed during the plant review in June 2011. The fully containerized Holpan recovery plant has been relocated to Tirisano and a barrel screen from Wouterspan has been installed which doubled the front end capacity as an interim solution. This two-stream production volume plant is expected to benefit the Company by smoothing its production profile and production ramp-up has started.

During the next six months, the focus at Tirisano will be on optimising the mining and plant efficiencies including the development of long term solutions for the front end. Work will also continue on the concept designs to increase the plant's capacity.

Rockwell continues to mine as per its medium term plan and will continue to work with SRK Consulting Africa to develop the geotechnical parameters that are being used by open pit mining consultancy, Tacmin Madini to finalise the optimised mine design and extraction plan.

For further information on Rockwell and its operations in South Africa, please contact

James Campbell CEO [phone]

Stéphanie Leclercq Investor Relations [phone]

About Rockwell Diamonds:

Rockwell is engaged in the business of operating and developing alluvial diamond deposits, with a goal to become a mid-tier diamond mining company. The Company has three existing operations, which it is progressively optimizing, two development projects and a pipeline of earlier stage properties with future development potential. Rockwell has completed the acquisition of the Tirisano property with effect from September 1, 2011.

Rockwell also evaluates merger and acquisition opportunities which have the potential to expand its mineral resources and production profile and would provide accretive value to the Company.

http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…

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Endeavour closes diamond asset sale to Rockwell

ENDEAVOUR MINING REPORTS CLOSING OF SALE OF NON-CORE DIAMOND ASSETS AND UPDATES PROGRESS WITH ADAMUS

Endeavour Mining Corp. has closed the sale of its 47.3-per-cent-owned diamond subsidiaries, which were acquired as part of the Etruscan Resources Inc. acquisition in 2010. As consideration for the sale, Endeavour received 1,234,660 shares of Rockwell Diamonds Inc., which were valued at approximately $600,000 on Oct. 11, 2011, and Rockwell assumed all the debt and contingent liabilities of the corporation related to the diamond assets, which at June 30, 2011, were $14.8-million (U.S.). Total net liabilities of Endeavour's diamond subsidiaries at June 30, 2011, were $2.7-million (U.S.). The agreement to sell these non-core diamond assets was announced in September, 2010, as part of Endeavour's strategic plan to grow into an intermediate gold producer

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aRDI-18893…

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Rockwell Diamonds earns $2.0-million in fiscal Q2 2012

2011-10-13 18:29 ET - News Release

Mr. James Campbell reports

ROCKWELL ANNOUNCES NET PROFIT FOR SECOND QUARTER OF FISCAL 2012

Rockwell Diamonds Inc. has released the results for the three and six months ended Aug. 31, 2011.

Highlights of the quarter ended Aug. 31, 2011:

* Beneficiation revenue from joint venture with Steinmetz up 64 per cent to $2.3-million;

* Total revenue of $9.2-million underpinned by a 109-per-cent increase in the average diamond price to $2,186 (U.S.) per carat;

* Mine site operating costs down 18 per cent to $5.1-million with average total unit cost for all operations stable at $10.5 (U.S.) per cubic metre;

* Gross profit of $2.7-million, a year-on-year turnaround of $3.9-million translating into net profit of $2.0-million;

* Production decreased 47 per cent to 3,611 carats chiefly due to the closure of Holpan;

* Net cash balance of $14.4-million boosted by asset sales and proceeds of convertible loan and capital raising;

* Good progress on short-term targets to optimize existing operations;

* Board of directors strengthened after quarter end with new chairman and non-executive independent director;

* Completion of Tirisano acquisition with effect from Sept. 1, 2011, ramping up to commercial production starting in October, 2011.

Commenting on Rockwell Diamonds, James Campbell, chief executive officer and president of Rockwell Diamonds, said: "It is particularly rewarding that Rockwell reported a net profit of $2.0-million for the second quarter, underpinned by strong cash flows from its operations. This reflects an improvement of $9.1-million from the comparable quarter in fiscal 2011. It shows that by focusing and delivering on our strategic imperatives to optimize our current operations and sustainably increasing our production profile, our operations have the potential to deliver strong returns for shareholders.

"We have made good progress with the immediate priorities of the new leadership team. We are on track with the implementation of proven technologies to improve production at Saxendrift and at Tirisano, where we are ready to start production in the next few weeks. We have also successfully recapitalized the company and raised sufficient capital for our immediate investment requirements, supplemented by the $6.5-million proceeds from the sale of non-productive assets in July, 2011. As a result, we were able to minimize the dilution of existing Rockwell investors."

Strategy overview

Rockwell is advancing toward its goals of ramping up production by optimizing its productive mines to deliver better returns through lower unit costs and sustainably enhancing the mining and metallurgical processes to increase the recovery of diamonds.

The new leadership team has made sound progress with the priorities which were identified in June, 2011, to improve the performance of the company and the culture of diamond value management is becoming entrenched across the operations.

A recapitalization process was initiated to finance investments at Tirisano and Saxendrift as well as initial planning for the new Wouterspan plant. Rockwell raised $7.8-million through a private placement of shares at 75 cents, which was at a premium to the market price and minimized the dilution of existing shareholders. No warrants or other incentives were offered in the fundraising.

The production challenges at Saxendrift are being addressed with the implementation of the new Bivitec front-end screen, an independent puddle system to improve pan plant efficiencies and the imminent installation of bulk X-ray technology. Diamond production has started showing early indications of improvement after additional mine faces were opened.

The Tirisano acquisition has been completed and improvements have been made to address issues identified during a plant review in June, 2011. The plant is currently in an advanced state of commissioning and production is planned during October, 2011.

Having put the lossmaking Holpan mine on care and maintenance in the previous quarter, the company has realized a significant reduction in its mining costs. The company continues to pursue other cost-saving measures. The sale of three non-productive assets in July, 2011, generated $6.5-million which is supplementing the capital that was raised during the private placement to finance investments to increase the production profile. Rockwell is assessing further avenues to rationalize its assets and provide greater returns for shareholders.

The company has also heightened its focus on resolving the financing issues with its black economic empowerment partners which have significant outstanding liabilities to the company. A favourable resolution to these negotiations would substantially improve Rockwell's cash position.

From a long-term perspective, once the projects at Saxendrift have been completed and production has been ramped up at Tirisano, the company will review its options to maximize returns by further increasing its production profile. These include plans to develop the Wouterspan and Niewejaarskraal mines. Both properties have extensive mineral resources that have historically been mined with recoveries similar to those at Saxendrift, in terms of size, quality and average price per carat. Rockwell has new order mining rights on both properties.

Based on the outcome of the bulk X-ray technology being implemented at Saxendrift, similar solutions will be considered at these mines in the future. The timing of these projects will be predicated on the availability of financing. The preference is to use internal cash flows, but these may need to be supplemented by external capital.

Financial overview (currency values are presented in Canadian dollars unless otherwise indicated)

Rockwell's financial performance continued to improve in the second quarter of fiscal 2012. Operating costs declined by 18 per cent to $5.1-million (second quarter fiscal 2011: $6.3-million). As a result, the company showed a year-on-year improvement of $3.9-million and $2.1-million in gross profit and operating profit to $2.7-million (second quarter fiscal 2011: loss of $1.2-million) and $87,325 (second quarter fiscal 2011: loss of $2.1-million) respectively. The company reported revenue of $9.2-million for the quarter (second quarter fiscal 2011: $11.4-million). While it continued to benefit from the improving diamond market, the lower inventories available for sale during the quarter affected diamond sales. Carats sold in the second quarter amounted to 3,223, which were sold at a significantly higher average price of $2,186 (U.S.) per carat (second quarter fiscal 2011: $1,048 (U.S.) per carat).

Value from the company's beneficiation joint venture continued to grow with revenue of $2.3-million (second quarter fiscal 2011: $1.4-million). The increase was due to the combined effect of increased volumes of polished and certified diamonds in the joint venture, strong demand for polished stones and the high quality of diamonds recovered during the quarter.

At Aug. 31, 2011, the company had net cash holdings of $14.4-million (Aug. 31, 2010 -- $1.3-million). It also had working capital of $13.7-million compared with $7.1-million at Aug. 31, 2010. With current assets amounting to $22.4-million and current liabilities of $8.7-million, the company's current ratio improved to 2.58 (Aug. 31, 2010: 1.58).

Mining volume declined 45 per cent to 543,750 cubic metres (second quarter fiscal 2011: 990,248 cubic metres). The closure of operations at Holpan was the chief reason for the decrease. Although volumes at Saxendrift declined by 10 per cent, its diamond recoveries were ahead of internal targets for the quarter. Production at Klipdam was affected by challenges in the front-end section of the plant. The company produced 3,611 carats (second quarter fiscal 2011: 6,800 carats). This year-on-year decrease of 47 per cent is largely due to the closure of Holpan in May, 2011, and production issues at Klipdam. Although there were production challenges at Saxendrift, it recovered a number of notable stones during the quarter. Its production was boosted with the windfall daily production of 373 carats on Aug. 2, 2011, which represents half of its monthly budgeted carat production. Tangible progress is being made to resolve production issues at both mines in support of the diamond value management strategy and mining at Tirisano will make a meaningful contribution to the production profile.

Klipdam and Holpan

Mining at Klipdam migrated from the paleao channel to the Rooikoppie gravels where diamonds of a similar grade and value can be recovered at a lower unit cost due to less intensive earthmoving equipment requirements with the potential to increase the life of this mine beyond one year.

Klipdam's production for the quarter declined by 17 per cent due to intermittent front-end throughput constraints caused by high clay content of the material. Short-term solutions have been implemented while in the longer term, a redesign of the front end is under consideration. A total of 1,456 carats from Klipdam was sold in the second quarter at an average value of $1,030 (U.S.) per carat and although less carats were available for tender, the average price per carat improved as a result of a higher average stone size and the stronger diamond market.

Holpan remained closed, having been placed on care and maintenance during the previous quarter.

Saxendrift

Diamond recoveries improved, and are moving toward the potential production levels which were initially estimated for the mine. At the start of the quarter, production at one of the four streams was intermittently non-operational due to scrubber drive failures. However, particularly good production was achieved in August, 2011, from the multiple mine faces which were opened and despite the persistent high sand content in the gravels as well as the absence of a suitable front end at the plant.

A total of 1,880 carats was recovered from 379,483 cubic metres of gravel, representing stable carat production even though volumes declined 10 per cent from the second quarter of fiscal 2011. This suggests that the focus on quality tons is starting to bear fruit. Carats sold amounted to 1,740 in the second quarter with the average price increasing 90 per cent year on year to $3,186 (U.S.) per carat. The sale of several exceptional stones compensated for the lower carats sold with total proceeds increasing by 45 per cent to $5.5-million (second quarter fiscal 2012: $3.8-million).

The fit-for-purpose Bivitec front-end in-field screen designed to process wet and sticky ores at the required processing rates will be commissioned on schedule toward the end of October, 2011. An independent puddle system is being implemented to improve the pan plant's performance and better control the diamond concentration process.

The board has approved the installation of a high throughput bulk X-ray plant to concentrate and recover diamonds in a single cost-effective and secure manner. This technology will be piloted and tested at Saxendrift. Improved diamond recoveries are predicted and the results will be evaluated with a view to deploying similar solutions in new processing plants that are planned at Wouterspan and/or Niewejaarskraal, and Rockwell's other Middle Orange properties.

Progress on Tirisano acquisition

The Tirisano mine acquisition was completed with effect from Sept. 1, 2011, on a going-concern basis, although the operation has been on a care-and-maintenance arrangement for two years. Final acceptance and release documents were signed on Oct. 7, 2011, pursuant to all the conditions precedent being met (including the mineral property transfer approval and the Industrial Development Corporation's commitment to consolidate the company's debt finance with deferred payment terms).

A third condition to the transaction has been the commitment of the local Mogopa community to its continued partnership with the company through its support and involvement. This is a key business requirement in order to resume and build a sustainable mining operation at Tirisano. The purchase consideration of 33.5 million rand ($4.65-million) is financed by:

* Internal financing -- care-and-maintenance advances/net debt and working capital movements amounting to 14.5 million rand ($2.01-million);

* Equity financing -- the issue of 2.6 million Rockwell Diamonds ordinary shares to settle the balance of 19.0 million rand ($2.64-million). The effective share price was established in September, 2010, determining the number of shares to be issued.

The company has established a resource model, mine plan, mining fleet, processing plant and final recovery capacity on site over the past 18 months to progress to commercial production. The mine has a current production capacity of 90,000 cubic metres per month. During the quarter, the company addressed issues with the front end and recovery which were revealed during the plant review in June, 2011. The fully containerized Holpan recovery plant was relocated to Tirisano and a barrel screen from Wouterspan has been installed to double the front-end capacity as an interim solution.

During the next six months, the focus will turn to optimizing mining and plant efficiencies including the development of long-term solutions for the front end. Work will also continue on concept designs to increase the plant's capacity.

Tirisano is of strategic importance to Rockwell's long-term growth objectives. The quality and price per carat of the stones recovered at Tirisano during the commissioning and recovery testing phase are encouraging as these exceeded what was achieved by the mine's previous operators.

Diamond market

Prices for both rough and polished diamonds increased in June and July, 2011, as a result of price speculation among traders who purchased rough stones into inventory in anticipation of subsequent price increases. Producers increased their prices to benefit from the premiums that their clients were willing to pay and rough diamond prices reached all-time highs in July, 2011.

The gap between the cost of rough diamonds and polished prices persisted as polished price increases continued to lag rough diamond prices. Downstream retailers resisted these increases and trade slowed markedly in July, 2011, before the summer vacation due to their reluctance to hold expensive inventory over this period.

The correction in the world's financial markets in August, 2011, coincided with the reopening of diamond markets after the summer vacation and price had corrected by between 10 per cent and 15 per cent at month end, reverting to April and May, 2011, levels. During September, 2011, they remained constant at the Hong Kong Diamond Show and De Beers's sight.

Rockwell focused its sales on larger diamonds through its beneficiation JV which benefits from Steinmetz's ability to manufacture to achieve value of polished product. The company had anticipated the short-term price consolidation that occurred in August, 2011, and products were not sold at a discount to drive sales.

Notable stones

Large stones produced by both operations during the second quarter were as follows:

* Klipdam produced 14 stones exceeding 10 carats;

* Saxendrift produced 32 stones weighing more than 10 carats, of which 11 stones exceeded 20 carats.

These stones were channelled into the company's beneficiation JV with the Steinmetz Diamond Group which delivers value-added revenues for Rockwell's stones that exceed 2.8 carats.

During the quarter the high-quality stones sold through the beneficiation joint venture with Steinmetz Diamond Group, included the following:

* 128.67-carat perfect sawable; fancy yellow with high clarity stone; a 21.52-carat gem-quality, clean D/E colour stone;

* 33.51-carat octahedral, clean, H/I coloured stone;

* 179.95-carat makeable, clean brown coloured stone.

Outlook

Reflecting the turmoil which has affected global financial markets since the end of the second quarter, diamond prices softened slightly and given the economic outlook, a quick recovery is unlikely. However, the long-term supply and demand fundamentals, driven by substantial uptake of diamonds from China and India, and a gradual reduction in supply, should continue to support prices.

The recent volatility of the rand against the U.S. dollar could also affect pricing, although this is not currently viewed as a significant risk. However, it does have an impact on input costs including fuel, though this is less significant than the additional revenue from diamond sales which are denominated in U.S. dollars.

From a production perspective, the operations are focused on meeting their production targets in the third quarter of fiscal 2012, especially with the imminent rainy season. Saxendrift has started benefiting from initiatives to improve the quality of its plant processes, although the new front-end screen which will be completed at the end of October, 2011, will only contribute to production in the last few weeks of the third quarter. The focus of the management team has now turned to Klipdam in order to unlock similar improvements there. Commercial production will start at Tirisano during October, 2011.

The company is at an advanced stage of discussions with the relevant unions in relation to the 2011/2012 wage negotiations as well as the proposed introduction of continuous operations, and is optimistic that a mutually beneficial solution will be reached in this regard.

Conference call

Rockwell will host a telephone conference call on Friday, Oct. 14, at 10 a.m. ET (4 p.m. Johannesburg time) to discuss these results. The conference call may be accessed as follows:

* Country access number -- Canada (toll-free) 1-866-605-3852; United States (toll-free) 1-800-860-2442; United Kingdom (toll-free) 0-800-917-7042; South Africa (toll-free) 0-800-200-648; other countries (international toll) 27-11-535-3600.

A transcript of the audio webcast will be available on the company's website. The conference call will be archived for later playback until midnight (ET) on Oct. 19, 2011, and can be accessed by dialling the relevant number and using the pass code 18917 followed by the number sign:

* Country access number -- South Africa (Telkom) 011-305-2030; USA and Canada (toll) 1-412-317-0088; other countries (international toll) 27-11-305-2030; U.K. (toll-free) 0-808-234-6771.

For further details, see the Rockwell's complete financial results and management discussion and analysis posted on the website and on the company's profile at SEDAR. These include additional details on production, sales and revenues for the quarter, as well as comparative results for fiscal 2010.

We seek Safe Harbor.

http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…

[freddy1989]

Hier nochmal nee zusammenfassung. Naja der Gewinn aus den Minen mit 87.325 CAD ist nicht so viel oder??Was meint ihr wie geht es hier weiter?? Aber immerhin ein Gewinn und wenn dann noch die neuen Minen dazukommen geht hier richtig was ich denke das warten lohnt sich hier.

Rockwell Diamonds Inc. veröffentlichte gestern die Ergebnisse des am 21. August geendeten zweiten Quartals des Finanzjahres 2012. Es folgt eine Zusammenfassung der drei Monate:

• Der Umsatz erreichte 9,2 Mio. CAD (Q2-2011: 11,4 Mio. CAD).
• Der operative Gewinn belief sich auf 87.325 CAD (Q2-2011: -2,1 Mio. CAD).
• Der Nettogewinn belief sich auf 2,0 Mio. CAD.
• Die Produktion verringerte sich um 47% und betrug 3.611 Karat.
• Die Verkäufe lagen bei 3.223 Karat zu einem deutlich gestiegenem durchschnittlichen Verkaufspreis von 2.186 USD je Karat (Q2-2011: 1.048 USD je Karat).

[ooy]

Antwort auf Beitrag Nr.: 42.213.227 von freddy1989 am 14.10.11 14:03:44

In meinen Augen schwach, hatte mal einen Kauf in Erwaegung gezogen, jetzt aber nicht mehr...

[Pixel_Muc]

Antwort auf Beitrag Nr.: 42.213.227 von freddy1989 am 14.10.11 14:03:44

Normaler Weise sollten wir, wenn ich den CAD umrechne bei 0,46€ stehen
Die Makler in D mal wieder

Ich finde die Zahlen auf jeden Fall ok. Für das weniger produziert wurde, mehr Umsatz. Ist doch gut. Jetzt fängt noch Tirisano und Saxendrift mit der Produktion an, über Konti Schicht wird gerade verhandelt und ach es kommt noch so viel gutes auf uns zu.
Man muss die Story hier einigermaßen kennen und auf längere Sicht eingestellt sein. Ich bleibe dabei.

PS: Mit Largo kann man in kürzerer Zeit bestimmt auch gut verdienen, deswegen hab ich mich da auch vor längerer Zeit positioniert

Schönes Wochenende

[Pixel_Muc]

Wir stehen in Canada bei 0.7CAD und hier wird nichts angepasst

Rockwell Diamonds Inc. (RDI)
Exchange: Toronto Stock Exchange

$0.700
Oct 14, 2011, 11:12 AM EDT
Change: 0.120 (20.69%)
Volume: 71,507

Day Low
0.600
Day High
0.700

[ooy]

Antwort auf Beitrag Nr.: 42.214.686 von Pixel_Muc am 14.10.11 18:40:35

Steht doch 0,447/0,492 - passt doch...

[freddy1989]

Na endlich geht der Kurs mal in die richtig Richtung wurde ja auch langsam Zeit hoffe Rockwell Diamonds bleibt jetzt auf dem Erfolgskurs hoffe wir knacken diese Woche die 0,50 oder vllt sogar die 0,60 Marke. Was meint ihr wie gehts hier Kurstechnisch weiter?

[Pixel_Muc]

Antwort auf Beitrag Nr.: 42.220.524 von freddy1989 am 17.10.11 13:17:38

Naja, momentan schmiert der Kurs bei den Holzfällern wieder ab.
Von 0,60€ sind wir noch weit entfernt, ich bin froh wenn die 0,60Cad halten

Prognosen kann man hier leider nicht wagen. Wie gesagt, ohne Interesse und das dazugehörige Volumen wirds noch dauern.

Naja, es gibt ja Mitte Januar wieder Q3 Zahlen

In diesem Sinne

[Pixel_Muc]

Rockwell Diamonds closes $7.8-million placement

Mr. James Campbell reports

ROCKWELL COMPLETES C$7.8 MILLION FINANCING

Rockwell Diamonds Inc. has completed its previously announced non-brokered private placement raising $7.8-million.

The company issued a total of 10,341,969 shares with total gross proceeds to the company of $7,584,012 and 1,207,250 rand. Of the total shares issued, 10,112,017 were listed on the Toronto Stock Exchange with the balance of 229,952 being listed on the Jamaica Stock Exchange, at a price of 75 cents and 5.25 rand in Canada and South Africa, respectively. In accordance with applicable Canadian securities laws, the hold periods on the 10,112,017 shares available to trade on the TSX are four months.

The funds were raised primarily from a number of institutional investors from North America, Europe and South Africa. In addition, Rockwell's strategic diamond beneficiation and marketing partner Daboll Consultants Ltd., an affiliate of the Steinmetz Diamond Group, subscribed for $5-million. The placement received shareholder approval on Sept. 12, 2011.

The company intends to use the net proceeds of this private placement to finance the implementation of bulk X-ray plant at Saxendrift as well as the final commissioning of the plant at Tirisano which is set to go into production by the end of October, 2011. The remaining funds will be used to settle the Tirisano creditors and exploration and project development work.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aRDI-18905…

[Pixel_Muc]

Rockwell provides update on Tirisano production startup and Midamines arbitration

Tirisano startup

The Company is pleased to report that having completed the acquisition of the Tirisano project, with effect from September 1, 2011, production has now commenced at the mine. October 18, 2011 was the first day of full production at Tirisano. Management is confident that production will ramp up to the full capacity of 90,000 m3 per month by the end of October 2011. Continuous operations ('contops') have been implemented since start up.

The issues revealed from a review of the plant in June 2011 have been fully addressed, and the Holpan mine's containerized recovery plant has been relocated to Tirisano, and will provide a completely hands off proven recovery process. In addition, the barrel screen from the Company's Wouterspan project (both the Holpan and Wouterspan projects are currently on care and maintenance) has been installed to double the front end capacity as an interim solution.

During the remainder of fiscal 2012, the focus at Tirisano will be on fine tuning mining and plant efficiencies and continuing to develop long term solutions for the front end processing, as well as working on concept designs to increase the plant's capacity.

While the Tirisano mine is of strategic importance to Rockwell's long term growth objectives, it is also expected to contribute positively to the socio-economics of the Ventersdorp area. A total of 208 full time jobs and 17 contractor positions have been created, 60% of which are from the local Mogopa community that has a 26% holding in the mine as required by South Africa's black economic empowerment laws. In support of the Company's objective to provide equal opportunities, 11 women are employed on the mine who will be trained as machinery operators. The Company is committed to initiatives that attract women to mining, which reflects the South African Government's requirements for female representation in direct mining activities.

The Company has also carried out significant work relating to the safety measures at the mine to comply with the Mine Health & Safety Act (MHSA). The operational team at Tirisano, with the support and guidance of the executive team, remains committed to maintaining and improving the mine's safety standards.

The quality and price of the stones recovered at Tirisano during the commissioning and recovery testing phase were encouraging, and exceeded that which was achieved by the mine's previous operators. All carats recovered will be graded and sold at the Company's next diamond tender early in November 2011.

Tirisano Mine is hosted in a unique geological environment that being karst derived sinkholes. The Tirisano alluvial gravels found on the mine are different from Rockwell's other mines as the gravels have been captured and preserved in vast sinkholes compared to the Palaeo Channels which are prevalent at its properties in the Northern Cape. These gravels have a grade that is approximately five times higher than those in the Northern Cape and the spatial distribution of the diamonds is far more consistent. The characteristics of the property can be likened to an alluvial kimberlite in terms of the hour glass shape of the deposit and features of the in situ diamonds.

"Having completed the testing phase, we are confident that the historically higher grades and more consistent diamond distribution at Tirisano will make a positive impact on the Company's objective to ramp up production", explained James Campbell, CEO, Rockwell. "With a life of mine of approximately 30 years at Tirisano1 at the current production capacity, we are confident that our investment in commissioning this new plant will create long term value for all our stakeholders."

Midamines arbitration results

Rockwell's indirect subsidiary, Durnpike Investments (Proprietary) Limited's ("Durnpike")'s interest in the Kwango River Project was constituted by an agreement ("Midamines Agreement" or "Agreement") in 2006 with Midamines SPRL ("Midamines"), the holder of the exploitation permit on the Kwango River Project. It was also agreed that Midamines would act as independent contractor on to manage and carry out exploration activities and, potentially, mining activities in a certain portion of the concession area ("Contract Area").

Under the Midamines Agreement, Durnpike agreed to make minimum royalty payments to Midamines, in return for which it undertook several obligations, including that of procuring and facilitating Durnpike's access to the Kwango River Project site. These annual royalty payments amounted to a minimum of US$1.2 million (commencing on December 31, 2007). During the first quarter of 2008, the Midamines Agreement was amended, inter alia, giving Durnpike access to the entire concession area, as opposed to the limited Contract Area for a consideration of $0.6 million and Midamines waived its right to payment of the first royalty payment on December 31, 2007.

___________________________
1 Based on the 2011 preliminary economic assessment (see news release dated August 2, 2011)

During 2008, Rockwell and/or Durnpike cancelled the Agreement as a result of breach of material provisions thereof, and a dispute arose in relation to the Company's entitlement to do so. The dispute was referred to arbitration. Midamines claimed the payment of the final amount of $41.1 million, while reserving the right to increase the claim to $68.073 million. Rockwell and/or Durnpike instituted a counter-claim in the final amount of approximately $6.6 million for equipment, start-up and acquisition costs and possible lost earnings.

The Company has now received the results of the arbitration process. Rockwell and/or Durnpike were directed to pay Midamines an amount of US$ 1.2 million with each party paying its own costs. While management is disappointed at the outcome of the arbitration, having vigorously argued against the claims made by Midamines and robustly defended its position throughout the hearings, the Rockwell Board is supporting the decision to conclude the matter in line with the findings.

Commenting on the matter, Mr Campbell said "The settlement amount that has been prescribed by the agreement is a small fraction of Midamines' total claim of $48.0 million (plus interest since 2008). It will not materially impact the Company's capacity to progress with our strategic growth projects. Having reached a conclusion on this process, which demanded significant management time and attention, our executive team can now focus on implementing its diamond value management initiatives. Our primary focus is now on implementing a number of projects which we have initiated to continue improving the performance of our operations."

http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…

[Pixel_Muc]

ROCKWELL OBTAINS PERMISSION FOR CONTINUOUS OPERATIONS (CONTOPS) AT NORTHERN CAPE MINES

November 15, 2011 Vancouver, BC -- Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) announcesthat it has reached an agreement with the National Union of Mineworkers ("NUM") to implement continuous operations ('contops') and has concluded a two year wage settlement at its Northern Cape Operations.

The Company is pleased to report that an agreement has been signed with the NUM to convert its Northern Cape operations which currently comprise the Saxendrift and Klipdam mines, to continuous operations (contops). The application to the Department of Mineral Resources ("DMR") for this conversion has been submitted. It is supported by the NUM, a crucial criterion in obtaining the approval of the DMR. Once implemented, the mines will be operated on four shifts, seven days a week, up from the current three shifts per day and five day working week.

"We are pleased to have reached this agreement with the NUM as the conversion to contops will have broad ranging benefits to all stakeholders once implemented," says James Campbell, the CEO of Rockwell. "This will lead to the creation of employment opportunities in the Northern Cape, which is currently burdened with a 43% unemployment rate. For Rockwell, it will be equally beneficial as increasing our production off the same fixed cost base will enable us to optimize the returnson our investments inour mines."

He adds that "at the Klipdam mine, contops will make it more feasible to increase the life of mine in the short to medium term while at Saxendrift we have identified an opportunity to improve margins. At our Tirisanomine which went into production in mid-October, we implemented contopsfrom start-up of the new mine, as we had previously obtained the required approvals."

In addition, the Company has agreed on a two year wage settlement with the unit representative of the NUM for the Northern Cape. Accordingly, annual wage increases of 8% will be granted for the next two years until 2013. The agreement allows for an adjustment should the consumer price index (CPI) exceed the agreed rate.

At Tirisano which falls under a different bargaining unit, the Company has an existing wage settlement agreement which will come up for renewal in June 2012.

"We reached a mutually agreeable settlement following a protracted negotiation process with the NUM," explains Campbell. "We believe that the result was fair and equitable, taking into account the wellbeing of our workforce, but not to the detriment of our efforts to improve the financial performance of the Company."

"We are pleased to have reached this agreement with the NUM as the conversion to contops will have broad ranging benefits to all stakeholders once implemented," says James Campbell, the CEO of Rockwell. "This will lead to the creation of employment opportunities in the Northern Cape, which is currently burdened with a 43% unemployment rate. For Rockwell, it will be equally beneficial as increasing our production off the same fixed cost base will enable us to optimize the returns on our investments in our mines."
http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…" target="_blank" rel="nofollow ugc noopener">
http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…

[Pixel_Muc]

Rockwell sells diamonds at Nov. 27 auction

December 5, 2011 Vancouver, BC - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) is pleased to announce the sale of a unique investment diamond recovered from its Saxendrift mine, which formed one of a pair of matching D-color, flawless clarity, diamonds with excellent cut, polish and symmetry weighing approximately 35 carats each. The diamonds were sold on auction by Christies in Hong Kong on November 27, 2012 fetching a price of $232,000 per carat including the buyer's premium.

The 105.53 carat rough diamond was recovered from Saxendrift in October 2009 and sold into the Company's beneficiation joint venture with Steinmetz Diamond Group. Rockwell's share in the profit from the sale of the 35.77 carat polished diamond added a further $1.9 million to its rough sale price. In addition, two emerald cut DIF diamonds weighing 3.07 carats and 2.03 carats respectively, were produced from this rough diamond.

"This once again demonstrates the benefits of our strategic partnership with Steinmetz, which has extensive benefits for both partners," explains James Campbell, CEO, Rockwell. "Rockwell was the first diamond producer to forge such an agreement, enabling us to participate in the downstream value created from the polishing and cutting of our stones into unique investment diamonds. At the same time it has enabled Steinmetz to secure high quality stones such as those typically produced by Rockwell."

http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…

[Pixel_Muc]

Rockwell provides operational update and feedback from third quarter diamond sales

VANCOUVER, Dec. 15, 2011 /CNW/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) provides an update on operational progress and the results of its diamond sales for the third quarter of fiscal 2012.

"We continue to make progress with all the projects that have been set in motion in the last six months. I can confirm that we are now seeing evidence of a culture which reflects our diamond value management strategy being inculcated in the day-to-day operations," explains James Campbell, CEO, Rockwell. "In addition to progressing with projects which will enable our mines to produce according to their plans, we have also continued to bolster our technical teams to ensure that we fully benefit from these investments and become more effective at addressing operational issues on the mines. Also, following the agreement reached with the National Union of Mineworkers in November 2011, we have submitted our application to convert the Northern Cape mines to continuous operations."

Operational update:

Saxendrift:

+ Recoveries at the mine were above forecasts for the quarter; one stone exceeding 100 carats was recovered.
+ The Dabmar in field screen has been fully commissioned and has been in production at name plate capacity since the end of November 2011. The anticipated benefits include its improved ability to process various ore types that can efficiently be processed through the screen.
+ The PC2000 excavator was relocated from Klipdam to Saxendrift where it is operating at a higher utlization. Its capacity matches the 100 ton trucks which transport the gravel from the mining faces to the in field screen.
+ Implementation of the bulk X-ray project is on schedule. The X-ray machine will be dispatched from Russia by the end December to be set-up in Johannesburg and delivered to the mine by the end of January 2012. It is expected to be commissioned and incorporated into the dedicated bulk sorting plant to commence testing and performance quantification on various gravels during April 2012.
+ Following the construction and commissioning of the mine, the first diamonds were produced and have been sold.
+ The new recovery plant and front-end extension were commissioned on schedule during the quarter.
+ Production started in November 2011 and although diamond grades were disappointing, the diamond price achieved was above expectation chiefly as a result of higher than expected recoveries of +10 carat stones. Good progress has been made to resolve the historical issues of clay balling in the scrubber and abundance of manganese in the mine feed which had been adversely affecting the concentration and recovery process.
+ A new plant manager, with vast diamond winning experience and a full time, dedicated mining manager have been engaged for the mine.
+ Together with increased supervision and consistent operation of the plant, the mine is well placed to achieve planned production.
+ The Company's technical team has been tasked with planning and implementing a front end appropriate for run of mine preparation before the 2012 rainy season commences.

Klipdam:

+ A new mine manager started in November 2011 and has already made good progress with priorities to increase truck availability, achieve consistent plant throughput and reduce spillages. As a result, the budgeted recoveries were achieved in November 2011.
+ An infield screen has been erected at the centre of mining activities which has resulted in significant diesel cost savings.
+ Early in December 2011, the mining plan migrated to the in situ alluvial Rooikoppie gravel which is expected to yield higher quality diamonds.

Wouterspan:

+ The Company has been successful in consolidating its six mining and prospecting rights into a single mining right spanning 7,409 hectares. This milestone will streamline the administrative requirements of the authorities as well as any future operations. It also provides the Company with significant upside to extend the 37.7 million m3 inferred and 5.0 million m3 indicated resources1 estimated to be contained in only 12% of the total consolidated land package.

Third quarter diamond sales

Total proceeds of $6.0 million were generated from the sale of 5,377 carats. The average price per carat for the quarter was $1,109 which was in line with expectations after having brought Tirisano on stream.

Operation Carats US $ Revenue US $/ct
Klipdam 1,990 1,356,388 681
Saxendrift 1,761 3,332,902 1,892
Tirisano 1,625 1,272,214 783
Total 5,377 5,961,504 1,109


"The volume sold increased by 67% to 5,377 carats, compared to the second quarter of fiscal 2012. This significant increase is partly due to the sale of the first production from Tirisano at an average price of $783 per carat. The Tirisano price per carat greatly exceeds management estimates", stated Campbell. "We are well positioned in this improving diamond market. Our mines are starting to produce to target and our inventory is 1,800 carats at the end of the third quarter. This inventory was accumulated so as to satisfy higher demand during the peak sales period in the first quarter of the 2012 calendar year."

http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…

[Pixel_Muc]

Rockwell Diamonds outlines priorities for 2012


JOHANNESBURG (miningweekly.com) – TSX- and JSE-listed Rockwell Diamonds would build on the steady increase in production at its three operational diamond mines in South Africa to prove itself as a profitable and sustainable diamond junior, COO Michael Hunt said this week.

He stated that 2012 would be a year of consolidation for Rockwell and that it would focus on resolving and finalising matters that would aid in improving the company’s balance sheet.

These include the resolution of a dispute with black economic-empowerment partner, African Vanguard Resources, which still owed Rockwell some R50-million for a 26% stake in its Saxendrift mine, in the Northern Cape.

“The resolution of this would have a significant impact on our balance sheet and provide us with the resources to focus on other projects,” head of corporate development and investor relations Stéphanie Leclercq told Mining Weekly Online.

Rockwell would also focus on further reducing mining costs at its Klipdam mine, near the Vaal river, and would aim to increase the dollar-per-carat level.

Meanwhile, the bulk X-ray machine, which would enable lower operating costs and increased recovery and security, was being commissioned at Saxendrift, where a proof-of-concept process would commence in April.

Depending on the success of the test results, the board would decide which one of its developmental projects at Wouterspan, Niewejaarskraal, Saxendrift Extension, or the doubling of output at Tirisano in the North West, would be persued first.

CEO James Campbell added that the company was currently looking at ways to finance feasibility studies at the Wouterspan and Niewejaarskraal projects, but that the completion of these studies was dependent on the conclusion of the work on the bulk X-ray machine.

Production at Tirisano was currently below target at 60 000 m3/m, but the targeted 90 000 m3/m was expected to be reached before the next wet season.

Campbell said the Tirisano ramp-up would evidently impact on the company’s profitability in the fourth quarter, as it had, along with the Midamines payment, cost Rockwell dearly, resulting in a gross profit of C$0.6-million in the third quarter.

Rockwell paid a C$1.2-million one-off settlement to Midamines in the September quarter.

Against an industry average rough diamond price of $90/ct for stones smaller than 0.3 ct, Rockwell’s was doing well.

Diamonds from the Tirisano mine achieved an average price of $700/ct, Klipdam achieved $1 100/ct, while Saxensdrift, Wouterspan and Niewejaarskraal stones, on average, sold for $2 000/ct.

Performance at Saxendrift was expected to pick up in the second half of the 2012 financial year with Campbell anticipating that the operation would yield above the current dollar-per-carat level through the improvement of the production process for coarser diamond recovery and increasing volumes.

Bottom cut-off at Saxendrift had been increased to 5 mm since early December.

Campbell added that the company’s beneficiation joint venture with Steinmetz Diamond Group, which beneficiates about 80% of Rockwell’s diamonds bigger than 2.8 ct, was expected to expand.

He pointed out that through the partnership revenue of C$8.5-million was realised in the past three years from 6 183 ct beneficiated and that it added about 30% to the revenue of the stones, a percentage that was also anticipated to grow in the fourth quarter.

Local beneficiation work was under way with 1.50 ct to 2.50 ct rough diamonds to be supplied to a 100% black-owned cutting factory.

http://www.miningweekly.com/article/rockwell-diamonds-outlin…

[freddy1989]

Das hört sich doch sehr gut an was Rockwell Diamonds in diesem Jahr vorhat sehr gut das das MM sich klar Ziele setzt bin mal gespannt was die neue bulk X-ray machine bringt meint ihr mit der Maschine kann Rockwell schneller Diamanten finden oder besser sortieren?? hier kann man nur gespannt sein wie es weiter geht der weg ist auf jedenfall glaube ich der richtige nur jetzt müssen hier endlich mal ein paar Große Firmen auf Rockwell diamonds aufmerksam werden und investieren.

[Pixel_Muc]

Rockwell restructures its BEE transaction with AVR and acquires new mine as part of the agreement

View News Release in PDF Format

March 19, 2012 Vancouver, BC -- Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) is pleased to announce that it has reached an agreement with Africa Vanguard Resources ("AVR") on a way forward with respect to the Company's Northern Cape operations which includes an agreement to acquire AVR's Jasper Mine property. The Jasper Mine property is contiguous to Rockwell's Saxendrift Mine and has the potential to extend the life of Saxendrift with limited new investment.

As required by South African law, Rockwell entered into an arrangement with AVR to permit them to purchase a 26% interest in the Company under the Black Economic Empowerment ('BEE') legislative provisions. The management of Rockwell has been in recent ongoing discussions with AVR regarding the replacement of the vendor funding provided by Rockwell to AVR relating to the acquisition by AVR of 26% of HC Van Wyk Diamond Group ("VWDG") and Saxendrift Mine (Pty) Ltd in 2008, the Rockwell subsidiaries which hold the Company's Northern Cape operations and projects. As part of the agreements, AVR paid an amount of $2.9 million (ZAR22.5 million) with the balance of $7.9 million (ZAR61.6 million) still owing to Rockwell.

The restructured agreement includes a payment to AVR by Rockwell of $1.9 million (ZAR15 million). This payment will be in the form of Rockwell shares, listed on the JSE Limited. AVR has undertaken not to trade these shares for a period of one year. Incorporated into the settlement arrangements is the acquisition by Rockwell of the Jasper Mine property from AVR ("the transactions"). The completion of these transactions is subject to various conditions precedent, including the completion by Rockwell of a due diligence investigation, regulatory approvals and obtaining approval from the DMR with respect to certain parts of the transaction. The deadline for the fulfillment of the conditions precedent is December 31, 2013, extendable by mutual agreement between the parties.

Preliminary estimates indicate that the past producing Jasper Mine, which is a brownfield opportunity, has remaining diamond-bearing deposits that are easily accessible to the infrastructure at the Saxendrift Mine and could extend the life of Saxendrift Mine mine, which is currently three years.

The restructure and unwinding of the AVR transaction on an asset level will, subject to the conditions precedent being fulfilled, provide Rockwell with the opportunity to enter into a new BEE partnership and will also retain AVR as a meaningful shareholder in Rockwell. The Company is actively pursuing discussions with several BEE entities, who have indicated their interest to partner with Rockwell in a value creating transaction. In compliance with the requirements of the Mining Charter, AVR's shares will be transferred to the new BEE partner once a suitable transaction is concluded.

Commenting on the settlement with AVR, Mark Bristow, Chairman of Rockwell said that: "the Rockwell management team has negotiated a settlement which provides for both parties to deal with their own short term challenges whilst simultaneously giving Rockwell the ability to comply with its BEE objectives and growth plans on a commercial basis. Having resolved one of the last remaining legacy issues impacting the Company the management team will be able to spend more time on its diamond value management strategy which is a key driver to delivering on its short and medium plans to create value for all its stakeholders."

"This is another step in our journey to create an intermediate value driven diamond business. Our ongoing engagement with several potential BEE partners who share our vision and strategic objectives give us confidence that we will be able to forge a partnership that will add value to our business going forward," said James Campbell, CEO, Rockwell.

For further information on Rockwell and its operations in South Africa, please contact

James Campbell CEO and President [phone]

Stéphanie Leclercq Investor Relations [phone]


Legal Advisor to Rockwell
Falcon & Hume Inc
7 Eaton Road
Sandhurst
Tel [phone]

Corporate Advisor to Rockwell
Allan Hochreiter (Pty) Ltd
4 Fricker Road
Illovo
Tel [phone]

About Rockwell Diamonds:

Rockwell is engaged in the business of operating and developing alluvial diamond deposits, with a goal to become a mid-tier diamond production company. The Company has three existing operations, which it is progressively optimizing, two development projects and a pipeline of earlier stage properties with future development potential.

Rockwell also evaluates merger and acquisition opportunities which have the potential to expand its mineral resources and production profile and would provide accretive value to the Company.

No regulatory authority has approved or disapproved the information contained in this news release.

Forward Looking Statements

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include uncertainties and costs related to exploration and development activities, such as those related to determining whether mineral resources exist on a property; uncertainties related to expected production rates, timing of production and cash and total costs of production and milling; uncertainties related to the ability to obtain necessary licenses, permits, electricity, surface rights and title for development projects; operating and technical difficulties in connection with mining development activities; uncertainties related to the accuracy of our mineral resource estimates and our estimates of future production and future cash and total costs of production and diminishing quantities or grades if mineral resources; uncertainties related to unexpected judicial or regulatory procedures or changes in, and the effects of, the laws, regulations and government policies affecting our mining operations; changes in general economic conditions, the financial markets and the demand and market price for mineral commodities such and diesel fuel, steel, concrete, electricity, and other forms of energy, mining equipment, and fluctuations in exchange rates, particularly with respect to the value of the US dollar, Canadian dollar and South African Rand; changes in accounting policies and methods that we use to report our financial condition, including uncertainties associated with critical accounting assumptions and estimates; environmental issues and liabilities associated with mining and processing; geopolitical uncertainty and political and economic instability in countries in which we operate; and labour strikes, work stoppages, or other interruptions to, or difficulties in, the employment of labour in markets in which we operate our mines, or environmental hazards, industrial accidents or other events or occurrences, including third party interference that interrupt operation of our mines or development projects.

For further information on Rockwell, Investors should review Rockwell's annual Form 20-F filing with the United States Securities and Exchange Commission www.sec.com and the Company's home jurisdiction filings that are available at www.sedar.com.

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Rockwell Diamonds announces intention to file Form 15 to Suspend SEC reporting Requirements


March 29, 2012 Vancouver, BC -- Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) announces its intention to file a Form 15F with the United States Securities and Exchange Commission (the "SEC"), and thereby voluntarily terminate the registration of its common shares under the United States Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Company expects that termination of the registration of its common shares will become effective 90 days after the date of filing of the Form 15F with the SEC. However, as a result of the filing of the Form 15F, the Company's obligation to file certain reports with the SEC will be immediately suspended.

The Company's Board of Directors considered many factors in making this decision, including the low liquidity of the stock on the OTC Bulletin Board, the cost associated with preparing and filing periodic reports and other filings with the SEC; and the demands placed on management to comply with SEC reporting obligations. Accordingly, the Company believes that the costs associated with continuing the registration of its common shares under the Exchange Act outweigh the benefits received by the Company from maintaining its registration.

The Company will continue to meet its Canadian continuous disclosure obligations through filings with the applicable Canadian securities regulators. All of the Company's filings can be found under the Company's profile at the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

Rockwell will maintain its primary listing on the Toronto Stock Exchange (TSX: RDI) and its secondary inward listing on the JSE Limited (JSE:RDI).

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Rockwell provides a strategic and production update and announces appointment to the board

April 17, 2012 Vancouver, BC -- Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) provides an update on strategic and operational progress for the fourth quarter of fiscal 2012 and announces the appointment of a new non-executive director, further strengthening its Board of Directors.

Strategy update:

The recent agreement reached with Africa Vanguard Resources to unwind the 2008 deal to purchase a 26% holding in Rockwell's Northern Cape operations was a strategic milestone for the Company. It will leave Africa Vanguard Resources with an 8% holding in the Company at the JSE-listed level and paves the way for Rockwell to bring in additional black economic empowerment ("BEE") business partners at the different operating levels and business units ensuring it remains compliant with the South African Mining Charter. The Company is in active discussions with several BEE entities that are in a position to fund their shareholding as well as their share of future and planned investments, supporting Rockwell's funding requirements to grow the Company's production profile.

In addition, the Jasper Mine, which was purchased as part of this transaction, adds additional exploration potential to the Saxendrift Mine which is expected to extend the life of the operation. The transaction is anticipated to close at the end of May 2012 and is subject to a due diligence that has already commenced. Exploration at the Jasper site is planned to start in July 2012.

The completion of these transactions is subject to various conditions precedent, including the completion by Rockwell of the due diligence investigation, regulatory approvals and obtaining approval from the DMR with respect to certain parts of the transaction.

Fourth quarter operational update:

The volume and carat production for the Company's operations for the quarter ended February 29, 2012:

Production volume (m3) Carats
Q4 2011 Q4 2012 % change Q4 2011 Q4 2012 % change
Saxendrift 289,540 409,348 41% 961 1,437 50%
Tirisano 0 94,643 - 0 535 -
Klipdam 183,350 157,636 -14% 1,307 2,050 57%
Total 472,890 661,627 40% 2,268 4,022 77%

Saxendrift:

* Overall production volumes for the fourth quarter increased 41% year-on-year. Record production volumes were achieved in February 2012 as a result of continuous operations and significantly improved performance of the in-field screen that was commissioned in November 2011.
* Year-on-year carat production increased 50% for the fourth quarter as a direct result of the Company's diamond value management initiatives including the in-field screen as well as improved operational discipline and efficiencies.
* Two new mining faces have also been opened up which will enable additional operational flexibility and efficiencies.
* The bulk x-ray machine was commissioned at the supplier's premises at the end of February 2012. The equipment arrived on the Saxendrift site after the end of the fourth quarter and the first gravel testing commenced on schedule in mid-April 2012.

Tirisano:

* The ongoing ramp up to full production at the Tirisano Mine by the end of July 2012 is being closely managed by the Rockwell executive team, in conjunction with the recently appointed and highly experienced mine management team.
* Disappointing grades for the fourth quarter have been addressed by a number of technical interventions. The mine plan has been adjusted to increase throughput and grades with early benefits emerging in the first weeks of the new fiscal year.
* The Board has approved a capital investment project of approximately $200,000 for the implementation of a wet front end. Construction commenced in March 2012 and is scheduled for completion in May 2012 to enable full commissioning and ramp up before the next rainy season (typically occurring from November to January), eliminating the production delays that are frequently associated with processing wet ores.

Klipdam:

* The decision to refocus mining on the Rooikoppie gravels during the third quarter enabled the mine to achieve a significant increase in grade for the fourth quarter. This also led to a 57% year-on-year improvement in carat production at Klipdam.
* The system that was implemented to estimate revenue on rough diamonds as they are recovered has positively influenced the mine plans and also contributed to the production outperformance.
* Gravels from the Holpan Mine, which was closed in May 2011, are being processed through the Klipdam plant to extend the life of this mine.
* The anticipated efficiency improvements as a result of erecting an infield screen at the centre of mining activities are producing positive results.


"We had a reasonable fourth quarter and continue to make solid progress on our strategic and turnaround projects. This is evidenced by our year-on-year improvement in volume and carat production, of 40% and 77% respectively. Our priority for the quarter was the continued implementation of fit-for-purpose processing technology and active management of the mine plans at our three operational mines to achieve our production improvements with a continued focus on managing our costs," stated James Campbell, CEO, Rockwell. "The next set of objectives that we have set ourselves is the commissioning and testing of the bulk x-ray plant at Saxendrift and the ramp up of Tirisano, both of which should impact positively on our business."

Looking forward, Campbell added that: "Having made solid progress in fine-tuning our operations, we can now also start to focus on our medium to longer term growth strategy. Of particular significance is the acquisition of the Jasper Mine which is adjacent to Saxendrift and has the potential to extend the life of this mine. Work on re-optimizing the feasibility study for the Wouterspan Mine using later and more applicable technology will start once the results from the Saxendrift bulk x-ray project are forthcoming."

Appointment to Board of Directors:

The Company also announced that it had further strengthened its board of directors with the addition of Stephen Dietrich as an independent non-executive director. Stephen will also join the audit committee. Based in South Africa, Stephen is a CA(SA) and has more than twenty years of financial experience in the diamond industry, gained in various positions at De Beers. He retired from De Beers in 2009 at which time he held the position of Finance Director.

"We are delighted to welcome Stephen, who is a stalwart of the diamond industry, to the board. His finance and diamond experience will undoubtedly complement the experience and expertise of our board and we look forward to his contribution to the Company," said Mark Bristow, Chairman, Rockwell. "This appointment fulfills our stated objective of enlisting a strong board of directors that is capable of supporting the already improved beefed-up management team in its strategy to build and grow a value focused diamond business capable of delivering value for its stakeholders."


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Hier mal was zur Produktion die News hören sich wirklich vielversprechend an.

Rockwell increases diamond output 77%

JOHANNESBURG (miningweekly.com) – TSX- and JSE-listed Rockwell Diamonds on Tuesday reported a 77% year-on-year increase in diamond production for the fourth quarter ended February 2012.

The company raised its overall carat output to 4 022 ct in the three months, with production volumes rising from 472 890 m3 in the comparative period in 2011 to 661 627 m3 for the quarter.

Record production volumes, reaching 409 349 m3, were achieved at the group’s Saxendrift mine, in the Northern Cape, during February 2012. Rockwell attributed this to continuous operations and significantly improved performance of an infield screen commissioned in November 2011. The mine’s carat production increased by 50% to 1 437 ct.

The Klipdam mine, also in the Northern Cape, experienced a 14% fall in production volumes, from 183 350 m3 in the comparable period the year before, to 157 636 m3 for the fourth quarter in 2012, but carat output increased by 57% to 2 050 ct.

The Tirisano mine, in the North West province, produced 535 ct in the quarter with production volumes of 94 643 m3. The mine will ramp up to full production by the end of July.

“Our priority for the quarter was the continued implementation of fit-for-purpose processing technology and active management of the mine plans at our three operational mines to achieve our production improvements with a continued focus on managing our costs," said CEO James Campbell.

He said Rockwell would now aim to commission and test a bulk X-ray plant at its Saxendrift mine. The plant would enable lower operating costs and increased recovery and security.

Further, the reoptimisation of the feasibility study for the Wouterspan mine, using later and more applicable technology, was expected to start following the results from Saxendrift’s bulk X-ray project.

Meanwhile, the group appointed Stephen Dietrich as an independent nonexecutive director. Dietrich, a chartered accountant, retired from De Beers in 2009, where he held the position of finance director.

Rockwell would release its fourth-quarter and year-end financial results on May 24.

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Rockwell provides feedback from fourth quarter diamond sales

May 2, 2012 Vancouver, BC - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) announces the results of its diamonds sales for the fourth quarter of fiscal 2012.

Total proceeds of $6.0 million were generated from the sale of 5,795 carats. The average price per carat for the quarter was $1,041.

Carats Revenue (US$) Price per carat (US$)
Q4 2011 Q4 2012 Q4 2011 Q4 2012 Q4 2011 Q4 2012
Holpan 2,071 - $2,323,845 - $1,122 -
Klipdam 2,365 2,973 $3,316,227 $1,680,313 $1,402 $565
Saxendrift 1,395 1,847 $2,649,531 $3,758,504 $1,899 $2,035
Klipdam Extension 595 - $932,022 - $1,567 -
Tirisano - 975 - $591,559 - $607
Other 27 $6,396 - $234 -
Total 6,453 5,795 $9,228,022 $6,030,376 $1,430 $1,041

The salient features of the fourth quarter diamond sales are as follows:

* The decision to concentrate on mining Rooikoppie unit instead of the paleo-channel resources led to the 26% increase in carats produced from Klipdam. The lower revenue per carat reflects the general smaller stone sizes which characterize the Rooikoppie unit where the cost of mining is also significantly lower.

* The combined impact of a 32% increase in carats sold from Saxendrift stones to 1,847 carats as well a 7% improvement in the average price per carat, underpinned by an increase in recovery of yellow diamonds, enabled the mine to produce revenue growth of 42% in the fourth quarter.

* Tirisano, which is currently ramping up its production, sold 975 carats at an average price per carat of $607. This is consistent with the values projected in the 2011 NI 43-101 report for Tirisano.

"On a like-for-like basis, sales from the Company's three operational mines showed a year-on-year increase of 153% to 5,795 carats sold in the fourth quarter of fiscal 2012. The 10% decline in total carat production is the result of placing Holpan on care and maintenance and discontinuing the bulk sampling program at the Klipdam Extension property, decisions which were commercially based and had a positive impact on the Company's overall viability," said James Campbell, President and CEO.

Commenting on the diamond market, Campbell explained that: "We benefited from selling the inventories that we had accumulated towards the end of 2011 into a stronger market as diamond prices continued to recover throughout the quarter. Of particular benefit to Rockwell is the sustained growth in demand for investment diamonds, which comprise a large proportion of our production profile and for which we are known. Our operations are now better placed to meet our carat production targets, enabling us to deliver more consistent volumes of high quality diamonds to our beneficiation joint venture partner, Steinmetz Diamond Group, and our other customers."

Notable Stones

The Company continued to produce large stones at all its operations during the fourth quarter with the recovery of 41 stones exceeding 10 carats:

* Klipdam produced 17 stones exceeding 10 carats, including seven stones exceeding 20 carats;
* Saxendrift produced 22 stones that were larger than 10 carats, of which half weighed more than 20 carats; and
* Tirisano produced two plus 10-caratstones.

These stones were channelled into the Company's beneficiation joint venture with Steinmetz Diamond Group, which delivers value added revenues for Rockwell's stones that are larger than 2.8 carats.

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Rockwell provides feedback on successful implementation of strategic projects at Saxendrift

May 21, 2012 Vancouver, BC - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) is pleased to announce the successful completion of two strategic projects, namely the new in-field screen and the bulk x-ray and single particle sorter plant at its Saxendrift mine which is known for its high value gem quality diamonds. These were the first capital projects approved by the Board for implementation by the new management team in support of the diamond value management principles that underpin Rockwell's strategic growth path.

In-Field Screen

The first of a series of strategic projects, the in-field screen at Saxendrift which was commissioned in order to address the high sand content in the gravel that was impacting the mine's ability to achieve its productions targets. In July 2011, following an evaluation of the available technologies to process the sand rich gravels, which were often damp, the Board approved the replacement of Saxendrift's in-field screen with new fit for purpose technology.

The new 3.0m x 8.0m Dabmar Bivitec screen is designed to treat gravels with a high sand and moisture content at the required processing rates. The project, which included a magnetic scalping plant, came in under budget and has been delivering the anticipated benefits for the past four months. The screen is running in excess of 95% efficiency notwithstanding the fact that it is operating at 17% above its design throughput. Since the new plant came on stream in November 2011, the mine has been able to increase its processing capacity by 30% although increasing the bottom cut-off and the implementation of continuous operations ("contops") also had a significant impact.

"Another meaningful positive impact of the new in-field screen is enhanced pan plant efficiency. This is due to the higher quality gravels, cleared of excess sand and small particles being fed into the plant," explained James Campbell, CEO of Rockwell. "We are now also in a position to consider mining certain blocks that have a higher sand content, that could previously not be processed and have the potential to increase the life of mine at Saxendrift."

Commenting further on the strategic importance of this project, James Campbell, CEO of Rockwell added that: "The new in-field screen, along with contops and a change in the bottom cut-off has enabled us to increase our monthly volume throughput by over 30% whilst maintaining our operating costs at the same level as a year ago. This is despite the significant rise in fuel prices, a wage increase and an ageing mining fleet requiring greater maintenance. Based on the results of this project, the technology will be incorporated into the mines which we are planning to build at our Middle Orange River projects to grow our production profile."

Bulk x-ray system

The commissioning of the bulk x-ray technology that was approved by the Board in September 2011 was completed to scope and on budget in mid April 2012 with very encouraging results so far. This strategic initiative is based on a high throughput Bourevestnik (BV) sorter and one BV single particle sorter and is aimed at improving concentrate efficiency and final sorting of diamond bearing ore with a total capital cost of $1.5 million. Having started processing old recovery tailings at Saxendrift on 16 April 2012, a total of 316 stones totalling 1,109 carats have been recovered in the first four weeks of production. This includes 14 stones exceeding 10 carats with the largest weighing 52.67 carats.

This project has been scoped as a 'Proof of Concept' testplan, which if successful could be applied to Rockwell's other, as yet undeveloped, Middle Orange properties.

The project programme includes sampling of recovery and pan plant tailings. Once complete, the 100 tph plant will be used to bulk sample the gravels from the Jasper Mine, subject to the acquisition proceeding as planned.

"The preliminary results from testing the bulk x-ray machine are extremely encouraging: diamond recoveries have exceeded expectations and we are increasingly optimistic that this technology will provide a more efficient alternative to the traditional pan plants used by Rockwell until now," commented Campbell. "Once the proof of concept has been fully tested, it is our intention to deploy the technology into our new projects located along the Middle Orange River to ensure efficient recovery of the large gem quality diamonds for which the region is known. The immediate priority will be to use this new capability to bulk sample the Jasper property and thus for the first time be able to declare a resource based on more efficient recovery technology."

Campbell concluded that: "The combination of the fit for purpose in-field screen and the bulk x-ray technology embodies our diamond value management principles. It will provide Rockwell with a blue print for the development of our pipeline of high potential projects in the Middle Orange River region. Our updated pre-feasibility at Wouterspan, scheduled for completion this year, will be based on a combination of these diamond winning technologies."

"The completion of these two important projects is another strategic milestone for the new Rockwell management team. They were the first to be approved by the Board in 2011 with the implementation being integral to the Company's turnaround," said Mark Bristow, Chairman, Rockwell. "The successful implementation demonstrates the team's ability to deliver and reinforces our belief that Rockwell is on track to unlocking the full potential of its Middle Orange River projects and sustainably increasing its production profile."


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Diamond Value Management strategy and corporate turnaround leverages Rockwell repositioning

Thursday May 24, 2012, Vancouver, BC -- Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX:RDI; JSE:RDI, OTCBB:RDIAF) announces results for the three and twelve months ended February 29, 2012. Currency values are presented in Canadian dollars unless otherwise indicated.

Performance Overview

* Substantial progress with repositioning of Rockwell by new management
* Saxendrift performance trending up as a direct impact of diamond value management strategy
* Long term production asset brought on stream with Tirisano mine ramp up making progress: One time cost of ramp up of $6.7 million charged to earnings
* Fiscal 2012 performance with loss of $13.7 million: Reflects impairment charges and other abnormal costs of repositioning the Company to ensure economic sustainability
* Net cash balances of $9.9 million preserved to fund growth
* Successful in-field screen and bulk x-ray pilot projects provide blueprint for new mines
* Investments undertaken and operating changes made allow Rockwell to deliver further improvements and pursue growth opportunities in fiscal 2013

Following a strategic review in early 2011 that was initiated after management changes in December 2010, significant progress has been made in repositioning and refocusing Rockwell. Rockwell identified the deliverables to achieve its key corporate objective of increasing production of high-quality gemstones to 10,000 carats per month within five years. These included a comprehensive overhaul of the business, optimizing the productive mines to deliver better returns, driving down costs and improving metallurgical processes with a focus on recovery of diamonds as part of the value chain strategy. The next phase in the strategic plan is to leverage the Company's production profile by focussing in on the development of its asset inventory as well as selected M&A opportunities should they arise.

The appointment of a new management team in June 2011 to drive the corporate turnaround was the first and most important step in initiating the new strategic plan. James Campbell and Michael Hunt, both of whom are seasoned diamond executives with joint diamond experience spanning some 50 years, joined Rockwell as CEO and COO, respectively. The team introduced the concept of diamond value management, brought a focus on quality and worked to embed these goals throughout the operations. In the last twelve months the Company has made significant progress in this regard, including:

* An increased focus on diamond processing metallurgy enabled the Company to address prior production issues which were identified in the plant environment, leading to a number of operational improvements.
* At Saxendrift, a new fit for purpose in field screen and the bulk x-ray pilot project were completed on schedule and have delivered positive recovery performance and results. Management is pursuing these new process technologies for future mine developments.
* By adjusting the mine plan at Klipdam to mine the Rooikoppie gravels which have less intense earthmoving requirements, the economics for the remaining life of mine have improved. With the recent appointment of a new Mine Manager, Klipdam is in a position to capture these efficiencies.
* The acquisition of the Tirisano mine was completed and the newly rebuilt 90,000m3 production facility was commissioned. Fatal flaws in the plant design that were identified by the new management team have now chiefly been addressed. Tirisano's full operating and ramp up costs of $6.7 million were expensed with a short term negative impact on annual profitability.
* The Holpan mine, which delivered marginal results as it was reaching the end of its life of mine, was put on care and maintenance in May 2011 and options to bring this asset to account are being analysed.

The new management team conducted a full internal review across the business. Several corporate legacy issues were identified that required immediate attention, a number of which have already been resolved:

* The Company was recapitalized in the third quarter of fiscal 2012 through a private placement totalling $7.8 million, which was concluded at a premium to the then current stock price. Rockwell supplemented this with $6.5 million from proceeds with the sale of non-core and underutilized assets. A portion of the funds were utilized to implement the technology improvements at Saxendrift and complete the Tirisano plant while further funds, will only be invested following careful evaluation of the expected returns against the strategic objectives.
* During the first quarter of fiscal 2012, the Company extended its beneficiation agreement with the Steinmetz Diamond Group from rough diamonds exceeding 10 carats to include all stones exceeding 2.8 carats. The profit sharing arrangement continues to deliver significant value as the Company participates equally in the profit of polished diamond sales generated by the rough diamonds that are sold by Rockwell through this channel.
* The arbitration in relation to the legacy Midamines dispute in the Democratic Republic of Congo was concluded, with Rockwell paying a final settlement of $1.2 million, enabling the management team to focus on its properties and mines in South Africa. The Company is not aware of any other outstanding litigation.
* After year-end, Rockwell announced the finalization of an agreement with Africa Vanguard Resources ("AVR") to effectively unwind the 2008 deal with respect to the Group's Northern Cape operations. This agreement included the acquisition of AVR's Jasper Mine property which is contiguous to Rockwell's Saxendrift Mine and has the potential to extend the life of Saxendrift with limited new investment.
* The Company has achieved its stated objective of enlisting a strong and engaged board of directors to support the management team in their strategic growth objectives. Mark Bristow was appointed as Chairman, while Johan van 't Hof and Stephen Dietrich joined the board as independent non executives and members of the Audit Committee. Both Johan and Stephen are Chartered Accountants and have occupied leading roles in significant enterprises.

Another critical area of the corporate review was the completion of an in depth analysis of the Company's asset register to ensure that all assets were accurately reflected in the balance sheet. The findings led the decision to impair the property, plant and equipment by $4.9 million at the end of the period following which Rockwell's asset base is now more fairly represented on the balance sheet. Simultaneously, the Company has maintained a prudent cash management strategy to preserve its cash resources for capital investments that are fully aligned with the growth objectives. Net cash balances improved to $9.9 million at February 29, 2012 from $2.9 million at the end of fiscal 2011.

Financial Overview

* Gross diamond revenues of $34.2 million: 26% increase in diamond sales at Saxendrift offset by impact of Holpan care and maintenance
* Beneficiation revenues increased 64%
* The loss for the year of $13.7 million includes asset impairment of $4.9 million, Tirisano operating costs of $6.7 million, total litigation expenses in respect of the Midamines dispute of $1.5 million and the Tirisano rehabilitation obligation of R1.3 million
* Effective cash preservation: Net cash of $9.9 million after capital expenditure of $6.8 million funded from internal cash flows


Summary of performance for twelve months ended February 29, 2012

The financial performance of Rockwell for fiscal 2012 reflects its transition and turnaround as well as financial decisions taken in order to ensure the long term sustainability of the Company.

Production Sales and inventories
Volume (m3) Carats Mining costs Value of Sales (US$) Sales (carats) Average value (US$ / carat) Inventories (carats)
Fiscal 2012 2,501,114 17,416 26,936,716 26,834,168 19,174 1,400 114


Saxendrift recorded a 26% increase in rough diamond sales to US$17.5 million as its average value per carat improved 22% to US$2,444 while Tirisano, which was brought on stream in the third quarter, contributed revenue of US$1.8 million. These increases were offset by the impact of putting the unprofitable Holpan mine on care and maintenance and cessation of the trial mining at the Klipdam Extension, both decisions resulting from the strategic review. The net result was a 27% decline in US$ denominated diamond sales to US$26.8 million. As Tirisano's production gears up to full capacity in the year ahead, the gap is forecast to close. Total revenue for the Company of $34.2 million was reported, including a 64% increase in beneficiation revenues with the Steinmetz Diamond Group ("SDG") to $7.8 million.

Mining costs declined by 4% for the period to $26.9 million, even though the operating costs for Tirisano have been fully expensed for the ramp up phase. The Company reported an operating profit of $7.3 million for the year.

The loss for the year of $13.7 million reflects the impact of the strategic decisions that were taken during the year to place Rockwell on a solid footing. These will flow through to the financials as its mines' operational transformation continues to yield improved production and lower unit costs. In particular, the Midamines settlement and associated costs amounted to $1.5 million while the asset impairment of $4.9 million also had a material impact on profitability but has resulted in a cleaner balance sheet.

Summary of performance for three months ended February 29, 2012

For the first time since the corporate turnaround was put in motion, the fourth quarter financial performance is beginning to reflect the diamond value management principles which we believe will be the foundation for the future growth strategy.

Production Sales and inventories
Volume (m3) Carats Mining costs Value of Sales (US$) Sales (carats) Average value (US$ / carat) Inventories (carats)
Fourth quarter fiscal 2012 661,627 4,043 10,370,000 6,030,376 5,795 1,041 114


Tender sales amounted to $5.9 million from the sale of the 5,795 carats that were produced by the Company's three operations. Saxendrift achieved a 42% increase in revenue, as its carats sold increased and average price per carat increased by 32% and 7%, respectively. The overall loss of revenues was primarily due to ceasing operations at Holpan and completing the trial mining at Klipdam Extension. This decline was partially offset by revenue from the sale of Tirisano diamonds that generated US$0.5 million.

Total mining costs for the quarter increased marginally by 3% to $10.4 million. The increase is mainly due to incurring the full mining costs of Tirisano during the ramp up phase. The cost per carat during the fourth quarter showed a 6% decline even though there were additional upward pressures imposed by fuel, wages and maintenance costs. The latter is related to the aging mining fleet. This is a clear demonstration that the diamond value management principles are starting to deliver tangible benefits.

Also impacting the financial performance of the Company was the once off impact of the $4.9 million asset impairment which contributed to the net loss for the quarter of $10.4 million.

The Company remains cash positive and stringent cost management measures are in place across all areas of the business. At February 29, 2012, the Company had cash and cash equivalents of $10.7 million with net cash holdings of $9.9 million after funding capital expenditure of $4.0 million from internal resources, which compares favourably to a net cash position of $10.8 million at the end of the third quarter.

Operational Overview

* 17,416 carats produced and 19,174 carats sold at average price of US$1,400 per carat
* Continuous operations implemented at Northern Cape operations in January 2012
* Good progress with strategic turnaround projects including commissioning of in field screen and pilot bulk x-ray implementation at Saxendrift
* Saxendrift unit cost down 5% due to success of diamond value management initiatives
* Saxendrift reserves increased 60% according to updated NI 43 101 Technical Statement as at February 29, 2012 that will be posted on SEDAR (see further details below)
* Tirisano ramp up progressing

The Company's resolute focus on diamond value management principles has driven the operational improvements that have been implemented across the operations. The major focus areas during fiscal 2012 were on improving the performance of Saxendrift and ramping up production at Tirisano.

Saxendrift, the Company's flagship mine that produces very high valued gemstones, was a primary target for implementing the principles of diamond value management. While a number of tactical metallurgical initiatives improved plant efficiencies, the implementation of a fit for purpose in-field screen led to major operational benefits. The results in the fourth quarter were a 50% increase in carat production while unit costs declined by 5% to US$8.01 per cubic meter. At Tirisano, progress ramping up to full capacity has been slower than anticipated but continual improvements are being effected on the plant, including the construction of a new wet front-end system.

Implementation of the bulk X-ray project continued on schedule and on budget. It was commissioned and incorporated into the dedicated bulk sorting plant and the testing programme on various gravels started in mid-April 2012. The preliminary results from the mine's recovery of tailings also produced encouraging results with a total of 316 stones totalling 1,109 carats being recovered in the first four weeks of production. This includes 14 stones exceeding 10 carats with the largest weighing 52.67 carats.

1Saxendrift and Klipdam mines

Outlook

Underpinned by positive diamond supply and demand fundamentals, market analysts are forecasting some 7% growth in rough diamond prices for the 2012 calendar year, although this is predicated on a stable global economy. In particular, the second half of the year is expected to be strong as dealers sell inventories that were built when prices weakened following the correction in August 2011. The joint venture with SDG, provides Rockwell with a strong base to benefit from positive movements in both rough and polished diamonds, especially for its larger, gem quality diamonds which are becoming rarer and are in high demand for investment purposes.

From an operational perspective, the priorities for the first quarter of fiscal 2013 are as follows:

* Together with the recently appointed Mine Manager, the Klipdam team is focused on achieving its production volume targets and improving unit costs due to contops and better earthmoving availabilities.
* The objective at Saxendrift is to continually optimize the mine plan to mine the right areas and achieve its quarterly production targets. Two new mining faces have been opened to provide additional operational flexibility and efficiencies. The mine management team will continue to optimize the in-field screening process.
* At Tirisano, the goal is to achieve full production by the end of the second quarter of fiscal 2013, a process that is being closely managed by the Rockwell executive team, in conjunction with the new mine management team who have increased supervision and focused on consistent operation of the plant. Steady state operation of the plant is targeted from the new mining area as well as completing the wet front end by the second half of calendar 2012. Maintenance of the earthmoving fleet has been prioritized to meet the Company's required availability. To this end, various options are being evaluated including contract mining.

Testing of the bulk x-ray system on the recovery and plant tailings will continue at Saxendrift. On completion of this phase, the system will be used in the bulk sampling mode for other properties, commencing with the newly acquired Jasper property. Rockwell's management is optimistic that implemented in conjunction with Saxendrift's new in-field screen technology, the bulk x-ray technology should lead to a sustainable long-term improvement in diamond recoveries in the Group's operations. The results will be evaluated with a view to deploying similar solutions in new processing plants that are planned at Wouterspan and/or Niewejaarskraal as well as Rockwell's earlier stage Middle Orange River area properties. Work on optimizing the pre-feasibility study for the Wouterspan Mine, which has been on care and maintenance since February 2009 using more fit-for-purpose technology, will start once the results from the Saxendrift bulk x-ray project are forthcoming.

Having made significant progress with the corporate turnaround in fiscal 2012 by entrenching the principles of diamond value management, the long term economic sustainability of the business has been substantially improved. The management team has well-defined and realistic objectives to complete the repositioning of the Company in the year ahead, including the planning and feasibility stages of the Wouterspan project, completing the ramp up at Tirisano and extending the bulk x-ray pilot project.

Commenting on the fourth quarter performance of Rockwell, James Campbell, CEO and president of Rockwell Diamonds said:

"The diamond value management strategy is leading to an improvement in Rockwell's carat production and during the past year, the new management team has made good headway with the corporate turnaround. This is still work in progress as is evident in our financial performance for fiscal 2012. A number of the decisions taken to strengthen Rockwell's long term sustainability have impacted these results, such as putting Holpan on care and maintenance, the costs incurred at Tirisano during the ramp up phase and ensuring that our fixed assets are fairly reflected on the balance sheet. Rockwell is now in a much stronger position than it was a year ago, having addressed the majority of the legacy issues. We have concrete plans to deal with the remaining tasks to complete our turnaround."

"Solid progress has been made with improving recoveries. This is clearly evidenced by the year-on-year improvement in volume and carat production of 40% and 77%, respectively, from the three operational mines. Saxendrift's production profile has stabilized and it achieved record production volumes in February 2012 that have been sustained into the new fiscal year. We are confident that the pilot implementation of the bulk x-ray project, which was delivered on schedule and on budget will lead to a new plant blueprint for our Northern Cape operations. In addition, with management committing significant time and attention to the production ramp up at Tirisano, we have addressed the major challenges at the mine and are making steady progress."

Mark Bristow, Chairman of Rockwell Diamonds added:

"The last twelve months have seen a number of milestones in Rockwell's repositioning. This was catalyzed with the strategic review in the first six months of fiscal 2012, and the subsequent appointment of the new management team to refine and action the new strategy. The decisive strategic actions that characterized the last year's business activities together with the diamond value management culture which is becoming "business as usual" for Rockwell, place the Company on a sound footing to meet its medium term goal to be the leading mid tier alluvial diamond producer."

Conference Call:

Rockwell will host a telephone conference call on Friday, May 25, 2012 at 10:30 a.m. Eastern Time (4:30 p.m. Johannesburg) to discuss these results. The conference call may be accessed as follows:

Country

Access Number
Canada (Toll-Free) 1 866 605 3852
USA (Toll-Free) 1 800 860 2442
UK (Toll-Free) 0 800 917 7042
South Africa (Toll-Free) 0 800 200 648
Other Countries (Intl Toll) [phone]


A transcript of the audio webcast will be available on the Company's website: www.rockwelldiamonds.com. The conference call will be archived for later playback until midnight (ET) May30, 2012 and can be accessed by dialling the relevant number in the table below and using the pass code 20772#.

Country

Access Number
South Africa (Telkom) 011 305 2030
USA and Canada (Toll) 1 412 317 0088
Other Countries (Intl Toll) [phone]
UK (Toll-Free) 0 808 234 6771


For further details, see the Rockwell's complete financial results and Management Discussion and Analysis posted on the website and on the Company's profile at www.sedar.com. These include additional details on production, sales and revenues for the quarter, as well as comparative results for fiscal 2011.

Saxendrift Mineral Resource and Reserve Update

Based on the results of operations and additional trial mining at Saxendrift in 2011, an economic study and estimate of the year end mineral resources and reserves was completed. The mineral resources at 29 February 2012 were estimated by Rockwell's Group Technical Manager and reviewed by Dr. T.R. Marshall, (Pr. Sci. Nat.), a qualified person who is independent of the Company and responsible for the estimate. Dr Marshall is also responsible for the economic study and estimate of the mineral reserves.

MINING AREA

RESOURCE CLASSIFICATION

VOLUME (m³)

GRADE* (ct/100m³)

Value (USD/ct)
Brakfontein Hill Complex

Indicated

8,085,500

0.47

2,444
Saxendrift Hill Complex Terrace B2

Indicated

1,774,600

1.15
Total Indicated

9,860,100

0.59

2,444
Brakfontein Hill Complex

Inferred

705,200

0.47

2,444
Saxendrift Hill Complex Terrace B2

Inferred

86,000

0.68
Kwartelspan prospect

Inferred

500,000

1.00
Total Inferred

1,291,200

0.69

2,444

* Based on a bottom-cut-off of 5mm
* Mineral resources that are not mineral reserves do not have demonstrated economic viability.


The mineral reserves and key economic parameters of the Saxendrift mine study are:

Key Parameters -- Saxendrift Mine

Key Results
Volume of gravel (Probable Reserves)
8,085,500m3
Average Grade (Probable Reserves)
0.47 ct/100m3
Average sales value (2011)
USD2,444/ct
Proposed monthly throughput
180,000m3
Proposed mine life (reserves only)
44 months
Mining Costs (2011)
ZAR67/m3
Mining Royalties
0.5-7%
Capex* required to bring mine into production
ZAR27 million
Company Tax #
28%
IRR
143%
NPV 17%
ZAR 133,095,000


The Saxendrift mine plan involves continuous operations on the Brakfontein Hill Complex using shallow, opencast mining. The processing plant is comprised of four scrubbers followed by four 18 ft rotary pan-plants and has a design plant-throughput of 800tph. With an expected annual treatment of 2,160,000m3 some 10,000ct of diamonds are expected to be recovered through a bank of twelve FLOWSORT machines, as well as final hand-sort in a glove-box under secure conditions. Access to all areas of the final recovery is controlled and monitored by protection personnel and closed circuit television. Quality assurance/quality control is maintained through the use of tracers (bort diamonds and ceramic balls).

http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…

[freddy1989]

Hey gute News von Rockwell Diamonds die Partnerschaft mit der Steinmetz Group läuft super.
35 ct stone on display to mark the Queen’s Diamond Jubilee

JOHANNESBURG (miningweekly.com) – Steinmetz Diamond Group has put a 35.60 ct pink-brown diamond on display in celebration of Queen Elizabeth II’s Diamond Jubilee.

The Steinmetz Forevermark Jubilee Pink is a cushion-cut stone carrying the 19522012 Forevermark inscription in tribute to the year the Queen came to the throne in 1952 and the 60th year of her reign, 2012.

The 179.60 ct rough diamond was recovered by Steinmetz beneficiation joint venture partner Rockwell Diamonds at its Saxendrift mine near the Middle Orange River, in South Africa. The rough diamond was cut at Steinmetz’s Johannesburg factory during a six-month crafting period.

The stone has been on display at the Martin Tower, within the Tower of London, from June 1.

Steinmetz Diamond Group beneficiates about 80% of Rockwell’s diamonds bigger than 2.8 ct.

[Pixel_Muc]

Präsentation vom Juni 2012

Progress Update on Strategy and Future Plans - June 2012

http://www.rockwelldiamonds.com/i/rcw/RDI-Corporate-Presenta…

[Pixel_Muc]

Rockwell Diamonds produces 6,116 carats in Q1

ROCKWELL PROVIDES PRODUCTION UPDATE FOR FIRST QUARTER OF FISCAL 2012 ENDING MAY 31, 2012

Rockwell Diamonds Inc.'s volumes of gravel processed in the first quarter increased 56 per cent year on year, with a 74-per-cent improvement in carat production from the three operational mines over the same period to 6,116 carats. Overall volumes processed continued to track closer to the company's internal targets while budgeted carat recoveries were exceeded as the bulk X-ray proof of concept plant introduced earlier in the year contributed 1,118 carats in the last six weeks of the quarter.

First quarter operational update

The volume and carat production for the company's operational mines for the quarter ended May 31, 2012, is in the attached table.

Volumes of gravel processed (m3) Carats produced

Q1 2012 Q1 2013 % change Q1 2012 Q1 2013 % change

Saxendrift 325,076 453,204 39% 1,693 2,126 26%
Saxendrift bulk X-ray - - - - 1,118 100%
Tirisano - 123,048 100% - 1,222 100%
Klipdam 194,192 232,216 20% 1,832 2,768 51%
Total 519,268 808,468 56% 3,525 6,116 105%


Saxendrift complex

Saxendrift achieved a 39-per-cent year-on-year increase in volumes processed to 453,204 cubic metres for the first quarter, in line with its targets, while carats produced increased 26 per cent to 2,126 carats.

The bulk X-ray plant was commissioned in April, 2012, below budget and on schedule. A total of 1,118 carats were extracted from recovery tailings during the first six weeks of operation of this proof of concept project with the largest stone recovered weighing 74 carats. The next phase of testing is progressing with the processing of additional recovery tailings.

The in field screen, commissioned in November, 2011, increased plant throughput during the first quarter. In addition, it went some way to mitigate the impact of increased sand content of the orebodies being mined.

Improving production from Rockwell's properties that are located adjacent to the Saxendrift mine is now the company's focus. This includes the additional resources acquired as part of the Jasper project purchase, which became unconditional at the end of May, 2012. Plans are also in progress to evaluate the potential of extending mining operations to other parts of the Saxendrift mine property with the objective of extending the life of this operational footprint.

The prefeasibility study for Wouterspan, scheduled for completion by the end of 2012, has commenced and is scheduled for completion by year-end.

Tirisano

Ramp up in production continues, with plant throughput volumes increasing by 30 per cent to 123,048 cubic metres in the first quarter, from 94,643 cubic metres in the fourth quarter of fiscal 2012.

Carat production more than doubled in the three months to May 31, 2012, yielding 1,222 carats compared with 557 carats in the previous three-month period. This was as a result of grade increases to 0.99 carat per 100 cubic metres, from 0.59 carat per 100 cubic metres in the quarter ended Feb. 29, 2012.

Construction of the wet front end facility which has the capability to process gravels with high clay content was completed on schedule at the end of May, 2012, and is expected to provide additional flexibility in the mine plan that was previously lacking.

Maintenance and rationalization of the earthmoving fleet have been a key focus this past quarter.

Klipdam

A year-on-year increase of 20 per cent in plant throughput to 232,216 cubic metres was due to the conversion to continuous operations, installing a new barrel screen and the removal of five conveyor belts in the front end of the production plant.

Carat production increased 51 per cent with improved grades as a result of the focus on processing the Rooikoppie gravels. The value per carat was in line with the previous quarter due to current world markets.

The appointment of a mine manager and mining manager has significantly improved the overall operation of the mine.

Commenting on Rockwell's progress in relation to its focus on diamond value management, James Campbell, chief executive officer, stated that: "In 2011, our executive management and board put in place two simultaneous strategies for enhancing shareholder value, namely to execute on our plans to optimize production at each of our operational mines and to rebuild the mine life profile of the company's assets. The results to date are showing the first positive impacts of these strategies."

We seek Safe Harbor.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aRDI-19718…

[Pixel_Muc]

Rockwell provides feedback from first quarter diamond sales

June 27, 2012 Vancouver, BC - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) announces the results of its diamonds sales for the first quarter of fiscal 2013.

Total proceeds of US$5.9 million were generated from the sale of 6,234 carats at an average price per carat for the quarter of US$944. This includes the sale of 1,005 carats from the proof of concept bulk x-ray machine that were sold for an average price per carat of US$853.


Carats

Revenue (US$)

Price per carat (US$)

Q1 2012

Q1 2013

Q1 2012

Q1 2013

Q1 2012

Q1 2013
Holpan
1,117

-

1,096,331

-

981

-
Klipdam
1,825

2,185

1,810,975

1,200,803

992

550
Klipdam Extension
24

-

19,019

-

786

-
Saxendrift
1,813

2,037

4,868,436

3,516,185

2,686

1727
Tirisano
-

1,007

-

313,712

-

311
Total
4,779

5,229

7,794,759

5,030,700

1,631

962
Saxendrift tailings
-

1,005

-

857,090

-

853
Total sales
4,779

6,234

7,794,759

5,887,790

1,631

944


The salient features of the fourth quarter diamond sales are as follows:

* The Klipdam Mine achieved a 20% increase in carats sold, as a result of mining the Rooikoppie unit. The average revenue per carat of US$550 was in line with the previous quarter, resulting from the finer diamond distribution in the previously mined Rooikoppie unit, which also has a lower cost of mining.
* Although carats sold from Saxendrift increased 12% year on year, (up 10% quarter on quarter), a lower average price per carat of US$1,727 was recorded. The year on year decline in average price per carat was due to the sale of several high valued stones in the comparative quarter of fiscal 2012, only a handful of which are recovered annually, that significantly raised the average value per carat for that period.
* A total of 1,007 carats recovered from Tirisano were sold during the first quarter at an average price of US$311 per carat. The decrease in average carat value is due to mining a less clay rich unit and the processing of tailings overlying the above unit during the rainy season, which has a smaller average diamond size. This was necessitated by the mine's reliance, in the interim, on dry front-end processing capability. However, this will be chiefly mitigated with the installation of a wet front-end processing system which is currently being commissioned.
* Diamonds recovered from Saxendrift tailings, using the proof of concept bulk x-ray project that was commissioned in April 2012, totaled 1,005 carats. These were sold at an average value per carat of US$853.

"Tangible benefits of our diamond value management initiatives are starting to flow through, with a 44% increase in carats sold in the first quarter from our three operational mines," said James Campbell, CEO, Rockwell. "The sale of 1,005 carats from the pilot bulk x-ray project at Saxendrift also provided an unbudgeted boost to our sales. It is our plan to incorporate this technology into future mining developments and the results of the proof of concept give us confidence in the sales revenues that this technology could unlock for the Company."

Commenting on the diamond market, Campbell explained that: "Diamond prices during the first quarter of fiscal 2013 were stable year-on-year. In the polished market, we saw some pricing pressure, mainly related to the global financial uncertainty. However, this was dampened by growth in demand from India and China. In the USA, especially in affluent market segments, retail sales are showing signs of recovering. We have seen the biggest drop in prices for smaller polished diamond while prices for plus 2 carat stone sizes, which represent more than 80% of Rockwell's production, have been constant. It is our expectation that rough prices will remain stable for the remainder of the calendar year."

Notable Stones

The Company continued to produce large stones at all its operations during the fourth quarter with the recovery of 69 stones exceeding 10 carats:

* Klipdam produced 18 stones exceeding 10 carats, including four stones exceeding 20 carats;
* Saxendrift produced 32 stones that were larger than 10 carats, with four +50 carat stones, including a 92 carat rough diamond;
* Tirisano produced three plus 10-carat stones; and
* The pilot bulk x-ray system produced 16 stones exceeding 10 carats from Saxendrift tailings with the largest weighing 53 carats and 74 carats respectively.

These stones were channelled into the Company's beneficiation joint venture with Steinmetz Diamond Group, which delivers value added revenues for Rockwell's stones that are larger than 2.8 carats.

For further information on Rockwell and its operations in South Africa, please contact

James Campbell CEO [phone]

Stéphanie Leclercq Investor Relations [phone]



About Rockwell Diamonds:

Rockwell is engaged in the business of operating and developing alluvial diamond deposits, with a goal to become a mid-tier diamond production company. The Company has three existing operations, which it is progressively optimizing, two development projects and a pipeline of earlier stage properties with future development potential.

Rockwell also evaluates merger and acquisition opportunities which have the potential to expand its mineral resources and production profile and would provide accretive value to the Company.

http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…

[Mr.Dagobert]

das ding kann man auch zum abschreiben verwenden gekauft zu 0,70 € echt toll die Diamantenbranche !!!!

[Geldzuechter]

Wert ist fundamental i. O. mit Potential nach oben. Umfeld ebenso.

In Summe bei allen Risiken des Unternehmens (die natürlich da sind) sollte sich dies zukünftig in weitaus höheren Kursen niederschlagen.

Die Probleme von Rockwell sind primär die geringe Bekanntheit, die geringe Marktkapitalisierung und das zu geringe Handelsvolumen der Aktie.

Ich betrachte den Wert als Deep-Value-Investment für das man aber zugegebenermaßen einen sehr, sehr langen Atem braucht.

Wer die Geduld nicht hat sollte sich nach anderen Werten umsehen. Wer gute Substanz und hervorragende Aussichten sucht ist hier richtig.

Mir wäre es auch lieber wenn der Kurs am Montag +100% zeigt - jedoch das ist bei diesem Titel nicht drin auf kurze Sicht - langfristig siehts freilich anders aus.

[Pixel_Muc]

Antwort auf Beitrag Nr.: 43.382.894 von Geldzuechter am 13.07.12 13:26:54

Richtig, aber trotzdem heftige Bewegung nach unten

15:14:45 T 0.305 -0.115 350 83 Mackie 14 ITG E
15:14:45 T 0.305 -0.115 500 80 National Bank 14 ITG K
15:14:45 T 0.37 -0.05 2,500 1 Anonymous 14 ITG K
15:13:25 T 0.42 1,000 62 Haywood 14 ITG K
10:53:05 T 0.42 3,000 62 Haywood 85 Scotia K
09:30:00 T 0.44 0.02 4,500 79 CIBC 83 Mackie KL

[Pixel_Muc]

July 12, 2012
Rockwell's announces results for first quarter fiscal 2013 and plans to deliver on growth strategy

http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…

[MogD]

Antwort auf Beitrag Nr.: 43.385.201 von Pixel_Muc am 13.07.12 22:23:59

Wenn ich die Stückzahlen sehe mit denen der Kurs um fast 30% nach unten eingebrochen ist

Ist ja echt lächerlich - denke da wird es am Montag wieder massiv nach oben gehen.

[Pixel_Muc]

Antwort auf Beitrag Nr.: 43.385.981 von MogD am 14.07.12 11:37:06

Jepp, das ist schon krass. Geschlossen haben wir auf der 0.37, man hätte bei der 0.30 gut nachlegen können. Naja, das wird schon noch.

[Geldzuechter]

Mir ist aufgefallen, dass in Toronto jemand mit einer MOC-Order geschmissen hat - daher der Absturz - nur warum tut jemand sowas und noch dazu bei einem eher illiquiden Wert???

Heute in Stuttgart besonders arger Spread - leider - aktuell daher mit Zukäufen abwarten.

Langfristeinschätzung bleibt trotz der im letzten Bericht erwähnten Schwierigkeiten positiv.

LG,
Geldzüchter!

[Geldzuechter]

Antwort auf Beitrag Nr.: 43.390.007 von Geldzuechter am 16.07.12 13:24:24

Hallo Käufer - wo seid Ihr denn alle?

[Pixel_Muc]

Rockwell Diamonds shareholders pass all resolutions at AGM; Changes to board of directors
August 30, 2012 Vancouver, BC - Rockwell Diamonds Inc. ("Rockwell" or the "Company" (TSX: RDI; JSE: RDI) is pleased to announce that all the resolutions put forward in its management information circular were passed by the shareholders at the annual general meeting held in Vancouver today. The Company also announces two changes to its board of directors.

Annual General Meeting results:

The resolutions which were passed at the meeting were as follows:

* Mark Bristow (Chairman), James Campbell (President and CEO), Dr. Willem Jacobs, Richard Linnell, Johan van 't Hof and Stephen Dietrich were re-elected as directors; and
* KPMG Inc. Chartered Accountants were appointed as Auditors of the Company for 2013.

Changes to the Board of Directors:

The board wishes to thank David Copeland and Sandile Zungu, who did not seek re-election to the board, for their contribution to the strategic direction of the Company during their tenure. In particular, the board is grateful to David Copeland for his role as founding Chairman of Rockwell and his immense contribution to the Company during the last six years.

The Nominating and Governance Committee of the board is in the process of overseeing the appointment of two additional directors. The objective is to appoint a representative of the new Black Economic Empowerment ("BEE") partner, once this transaction has been finalized, as well as an independent director with a strong industry background to contribute to the strategic direction of the Company. Further announcements in this regard will be made in due course.

For further information on Rockwell and its operations in South Africa, please contact

James Campbell
CEO
[phone]

Stéphanie Leclercq
Investor Relations
[phone]

About Rockwell Diamonds:

Rockwell is engaged in the business of operating and developing alluvial diamond deposits, with a goal to become a mid-tier diamond mining company. The Company has three existing operations, which it is progressively optimizing, two development projects and a pipeline of earlier stage properties with future development potential. Rockwell is also at an advanced stage of completing the acquisition of the Tirisano property.

Rockwell also evaluates merger and acquisition opportunities which have the potential to expand its mineral resources and production profile and would provide accretive value to the Company.

No regulatory authority has approved or disapproved the information contained in this news release.

Forward Looking Statements

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements.

Factors that could cause actual results to differ materially from those in forward-looking statements include uncertainties and costs related to exploration and development activities, such as those related to determining whether mineral resources exist on a property; uncertainties related to expected production rates, timing of production and cash and total costs of production; uncertainties related to the ability to obtain necessary licenses, permits, electricity, surface rights and title for development projects; operating and technical difficulties in connection with mining development activities; uncertainties related to the accuracy of our mineral resource estimates and our estimates of future production and future cash and total costs of production. In particular there can be no assurance that refinancing funds will be available to Rockwell on acceptable terms or any terms at all. For further information on Rockwell, Investors should review Rockwell's annual Form 20-F filing with the United States Securities and Exchange Commission www.sec.com and the Company's home jurisdiction filings that are available at www.sedar.com.

http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…

[Geldzuechter]

Link zu den neuesten Präsentationen:

http://www.rockwelldiamonds.com/rcw/Presentations.asp

[Pixel_Muc]

Rockwell provides production update for second quarter of fiscal 2013 ending August 31, 2012

September 12, 2012 Vancouver, BC - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) posts improved year-on-year diamond production for the second quarter (+14%) on the back of better volumes of gravel processed (+23%). These increases were achieved despite a temporary suspension of activities at Tirisano while management works on delivering against the new plan detailed in the release of July 12, 2012.

Second quarter operational update:

Volume and carat production for the Company's operational mines for the quarter ended August 31, 2012 was as follows:

Volumes of gravel processed (m3) Carats Produced
Q2 2013 Q2 2012 % change Q2 2013 Q2 2012 % change
Saxendrift + Jasper 476,825* 379,483 26% 1,876** 1,880 0%
Saxendrift Bulk X-ray 4,804 - - 120 - -
Tirisano 57,803 64,706 -11% 558 607 -8%
Klipdam 209,081 164,267 27% 2,274 1,730 31%
Total 748,517 606,456 23% 4,828 4,218 14%
* Comprising 256,977 m3 from Saxendrift and 219,848 m3 from Jasper that were processed at Saxendrift
** Comprising 705 carats from Saxendrift and 1,171 carats from Jasper using Saxendrift's processing infrastructure

Saxendrift Complex:

* Saxendrift and the newly acquired Jasper Project achieved a 26% combined year-on-year increase in volumes processed to 476,825 m3 for the second quarter which, along with production from the Bulk X-ray project, delivered a 6% increase in diamond production (1,996 carats); operationally, the mine achieved its budgeted throughputs for the period.

* Saxendrift has over the past two quarters moved to processing lower grade sandy gravels which make up most of the remaining resources. This requires better mining efficiencies and in-pit screening to maintain a profitable production profile for this part of the greater Saxendrift, Saxendrift Hill and Jasper deposits.

* A preliminary bulk-sample was mined during August 2012 on the "next door" Jasper part of the deposit with the intention of developing a better understanding of Jasper's diamond grade and value characteristics and its potential to extend the life of the Saxendrift Complex using the existing mining and processing infrastructure.

* The focus at the Bulk X-ray plant was the reprocessing of recovery tailings as well as the implementation of Continuous Operations ("Contops") and optimizing the materials preparation area to convert the pilot sampling plant to meet the needs of a continuously operated production plant. A grade of 2.5 carats / 100 m3 was achieved from processing 4,808 m3 of tailings material.

* Initiatives to increase and extend the mine life of Rockwell's package of Middle Orange River properties and the associated operational footprint are ramping up and include the introduction of the Jasper Project, Wouterspan Project and Saxendrift Hill Project into the operation:

o Further work on Jasper will include a detailed drilling campaign and additional bulk sampling to define mineral resources.

o Work has commenced on constructing a processing facility utilizing the Bulk X-ray technology that was successfully piloted at Saxendrift, with a monthly processing capability of 100,000 m3 on the nearby Saxendrift Hill. Production is planned to start in the first quarter of calendar 2013.

o The pre-feasibility study for Wouterspan is underway; work is on schedule and completion is expected by year end.

Tirisano:

* With the Tirisano right sizing strategy approved early in July 2012, mining operations were put on hold and work concentrated in reconfiguring the processing circuit. The rationalization project is on track and mining operations are scheduled to resume at a monthly mining rate of 50,000 m3 by the end of September 2012.

* The new wet front end that was commissioned early in the second quarter has been integrated into the new processing plant. Positive results have been received from the testing phase conducted during the quarter indicating that the plant will have an improved ability to process the clay-rich Tirisano gravels.

* Volumes processed at Tirisano during the first six weeks amounted to 57,803 m3, with the recovery of 558 carats, a year-on-year decline of 11% and 8%, respectively, from the second quarter of fiscal 2012.

Klipdam:

* Klipdam achieved a 27% year-on-year increase in volumes processed to 209,081 m3 for the second quarter; however, it fell short of the quarterly throughput target due to continued plant and mining limitations. These are being addressed with the installation of a second barrel screen in the processing plant and a continued focus on improving availabilities of the mining fleet.

* Notwithstanding the above, the mine's diamond production increased by 31% year-on-year to 2,274 carats as a result of an improved overall size distribution and quality from mining more of the paleaochannel gravels and primary Rooikoppie material.

Commenting on Rockwell's operational performance for the second quarter, James Campbell, CEO stated that: "As a direct result of the initiatives comprising our diamond value management focus, Rockwell's overall performance continues to show encouraging improvements. Saxendrift has met its production targets for the first two quarters of fiscal 2013. We continue to learn valuable lessons that we can selectively implement at our other properties in the Middle Orange River region to extend their economic lives and increase production. Through the concerted efforts of Rockwell's executive and mine management teams, we quickly right-sized the Tirisano mine to adjust to the current diamond market, positioning it to provide positive returns. At Klipdam, we were able to mine a better resource-area and the mine delivered a good operational performance. We still have some way to go in order to achieve our production targets which is a high priority for Klipdam in coming months."

http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportI…

[Pixel_Muc]

Rockwell Diamonds sells 5,147 ct of diamonds in Q2 2013

2012-09-17 08:41 ET - News Release

Mr. James Campbell reports

ROCKWELL PROVIDES FEEDBACK FROM SECOND QUARTER DIAMOND SALES

Rockwell Diamonds Inc.'s second-quarter fiscal 2013 revenues from diamond sales before beneficiation were down 3 per cent compared with the same period last year, but increased by 16 per cent from the previous quarter.

Total proceeds of $6.8-million (U.S.) were generated from the sale of 5,147 carats at an average price per carat for the quarter of $1,322 (U.S.) compared with $7.0-million (U.S.) for the same period last year and $5.9-million (U.S.) for the previous quarter. The quarterly increase is underpinned by the jump in carats that was led by the company's diamond value management, reflecting a quarter-on-quarter increase of 30 per cent.

DIAMOND SALES AND REVENUE FOR THE COMPANY'S OPERATIONAL MINES FOR THE
QUARTER ENDED AUG. 31, 2012

Carats Revenue (U.S.$) Price per carat (U.S.$)
Q2 2013 Q2 2012 Q2 2013 Q2 2012 Q2 2013 Q2 2012

Holpan - 27 $ - $ 4,755 $ - $ 176
Klipdam 2,502 1,456 2,174,387 1,500,506 869 1,031
Saxendrift plus Jasper 1,699 1,740 4,257,158 5,542,268 2,506 3,186
Tirisano 776 - 282,808 - 364 -
----- ----- ---------- ---------- ------ ------
Total 4,977 3,223 6,714,353 7,047,529 1,349 2,186
Saxendrift bulk X-ray 170 - 90,207 - 529 -
----- ----- ---------- ---------- ------ ------
Total sales 5,147 3,223 $6,804,560 $7,047,529 1,322 2,186
----- ----- ---------- ---------- ------ ------

Comprising 839 carats from Saxendrift and 860 carats from Jasper

The salient features of the second-quarter diamond sales are as follows:

* The Klipdam mine achieved a 72-per-cent increase in carats sold, averaging revenue per carat of $869 (U.S.). This compares favourably with the average carat value of $550 (U.S.) in the previous three months and is the result of recent mining in the paleaochannel unit that yields larger, higher-quality diamonds.
* Carats sold from the Saxendrift complex, comprising Saxendrift, the bulk X-ray plant and the newly acquired Jasper project, increased by 7 per cent to 1,869 carats at an average price of $2,326 (U.S.) per carat. The average carat value for Saxendrift, while down on the same period last year, increased 40 per cent from the previous quarter to $2,419 (U.S.), largely due to the sale of several high-quality diamonds.
* A total of 27 stones exceeding 9.80 carats in size, recovered from Saxendrift and Jasper, were sold into the beneficiation joint venture with Steinmetz Diamond Group during the quarter. This includes:
o A clean 70.55-carat white, makable rough diamond recovered in August, 2012, from the Jasper project that fetched a price of $18,000 per carat. This diamond was sold into the Steinmetz beneficiation joint venture, under the terms of which Rockwell participates equally in the profits from the sale of the polished diamonds.
* Diamond sales from Tirisano totalled 776 carats as the mine was put on hold from July, 2012, in order to right size the operation.

"Our second-quarter diamond sales improved, reflecting further delivery on our strategic objectives which include optimizing our productive mines and leveraging our production profile by developing new assets," said James Campbell, chief executive officer, Rockwell. "Klipdam showed a 72-per-cent year-on-year increase in carats sold during the second quarter, translating into a 45-per-cent increase in revenue from diamond sales. The quality and average diamond value of the stones that we recovered in August from the newly acquired Jasper project matched Saxendrift's typical production profile. This encouraging result expands our options for the Saxendrift complex, indicating potential to increase its economic life. We are also in the final stages of right sizing Tirisano. The rationalized processing plant at Tirisano has now been integrated into the new wet front end, in order that the mine can recover higher-quality stones and make a positive contribution to our bottom line."

Regarding the diamond market, Mr. Campbell commented: "Rough and polished diamond prices corrected to more realistic levels during the quarter under review, and market activity was much healthier, compared to the same period in 2011 where trading was muted. We believe that the overall market fundamentals are more positive than they have been since 2008, which will be beneficial for diamond prices."

Notable stones

The company continued to produce large stones at all its operations during the second quarter with the recovery of 50 stones exceeding 10 carats:

* Klipdam produced 20 stones exceeding 10 carats, including three stones exceeding 20 carats.
* Saxendrift produced 11 stones that were larger than 10 carats, including two from the bulk X-ray plant, with four stones exceeding 20 carats, including a 96.56-carat fancy yellow clean sawable rough diamond.
* The Jasper project produced 18 stones exceeding 10 carats during preliminary bulk sampling in August, 2012, with seven stones exceeding 20 carats, including the 70-carat rough diamond referred to above as well as a 60.15-carat mackle.
* Tirisano produced one plus-10-carat stone.

These stones were channelled into the company's beneficiation joint venture with Steinmetz Diamond Group, which delivers value-added revenues for Rockwell's stones that are larger than 2.8 carats.

We seek Safe Harbor.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aRDI-19967…

[Geldzuechter]

Es geht wieder weiter mit der Tirisano-Mine.

http://www.miningweekly.com/article/rockwells-new-tirisano-p…

[Geldzuechter]

NEWS!

http://www.rockwelldiamonds.com/i/rdi/2012-10-11_NR.pdf

[Geldzuechter]

Weitere News!

http://www.miningweekly.com/article/rockwell-brings-in-royal…

[Pixel_Muc]

Rockwell's board approves plan to reduce Klipdam Mine's operating cost structure and improve performance

_____________________________________________________________________________
October 31, 2012 Vancouver, BC – Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI) announces a restructuring of the Klipdam Mine operations aimed at reducing the operating costs and improving its overall performance.
While the remaining mine life of Klipdam Mine is three years (in terms of currently defined resources) and the mine has a long and profitable history of operations, over the past two years its financial performance has been negatively impacted by high unit costs, as well as poor earthmoving and plant availabilities. A number of management interventions have taken place, including the appointment of several mine managers and changing the mine plan to incorporate extraction of more paleaochannel gravels as well as various changes to the processing plant. Although Klipdam has recently produced sporadic monthly positive cash flows, its cumulative loss making performance has persisted, impacting on the overall performance of the Company.
Management has over the last year actively evaluated a number of alternatives to maximize the economic value of this asset, culminating in a multi-faceted rightsizing proposal that has been approved by the board of directors. The management team will be restructured, and in-house mining will be replaced by the appointment of a reputable mining contractor. Although the changeover to a contract mining operation will entail retrenchments, the impact could be reduced as the contract miner will require local skills.
Through a transparent tender process, Rockwell concluded a three-year contract mining agreement with CML Operations, a privately-owned contract miner that was established in 2000 and has worked in a number of different commodities across the industry spectrum from junior miners to blue chip companies. In addition to the mining contract, a sale agreement has also been entered into to divest of Klipdam’s earthmoving fleet at book value over a two-year period. This will further reduce the cost base while the mining contract should lead to higher mining efficiencies and thus lower unit costs.
Minor adjustments to the processing plant will also form part of the right sizing plan, but the overall monthly capacity of the mine will remain unchanged at 100,000m3, providing sufficient resource for the contract mining term.
“The appointment of a contract miner at Rockwell represents a step change in our operating model. This significant development should enable us to focus on our core competencies, being the identification and proving of quality diamond resources and the concomitant recovery and marketing of high value, gem quality diamonds. Going forward, a similar approach will be adopted at the Saxendrift Hill Mine which is currently under construction. We are particularly excited with this development in the mining environment, complementing the new
Company Registration No.: 2007/031582/10 www.rockwelldiamonds.com 15th Floor – 1040 West Georgia Street, Vancouver, BC Canada V6E 4H1 Tel: [phone] Fax: [phone]
Level 0, Wilds view, Isle of Houghton. Cnr. Carse O’Gowrie & Boundary Rd, Houghton Estate, Johannesburg, 2198 PO Box 3011 Houghton, South Africa, 2041 Tel: [phone] Fax: [phone] TSX: RDI JSE: RDI
technologies that we have recently successfully implemented in the processing environment at our operations. All this provides Rockwell with a blueprint for our future operations.” explained James Campbell, CEO of Rockwell Diamonds.
Mr Campbell concluded: “Leveraging the company’s balance sheet through the sale of Klipdam’s earth moving equipment will also provide additional cash flow advantages over and above the expected efficiencies planned through contract mining and we look forward to partnering with CML Operations in this strategic approach to Rockwell’s operations.”
The Company has also announced the resignation of Michael Hunt, Chief Operating Officer (“COO”) with effect from October 28, 2012. The board of directors and management team thank him for his contributions during his tenure. There are no plans to replace the COO role in the short-term. The mine managers and senior project manager will report directly to the CEO with the balance of the COO’s role being allocated among Rockwell’s Executive Management team.

http://www.rockwelldiamonds.com/i/rdi/2012-10-31_NR.pdf

[Pixel_Muc]

Results of pilot Bulk X-Ray technology demonstrate Rockwell’s delivery on total diamond value management __________________________________________________________________________________________
December 3, 2012 Vancouver, BC – Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI) updates the market on its pilot Bulk X-Ray project at the Saxendrift Mine. Despite this project being a pilot study it has already repaid the cost of setting it up from processing the old recovery tailings.
The Bulk X-Ray project was initiated in November 2011 and commissioned ahead of schedule, five months later with a capital outlay some 7% lower than the initial budget of $1.5 million. During the six month period to date, a total of 1,596 carats have been recovered from reprocessing 27,609 m3 of old recovery tailings that had previously been processed by another operator using older technologies. These included three particularly large stones weighing 52, 72 and 145 carats respectively. In addition to a capital investment of $1.4 million, operating costs of $0.39 million were incurred, with revenue from sales of the diamonds recovered totalling US$4.2 million over the period to October 31, 2012.
The recovery tailings achieved a grade of 2.97 carats/100 m3. The recovery of diamonds from these tailings suggests that the deployment of this technology in run-of-mine applications across Rockwell’s Middle Orange River projects should yield additional recoveries beyond the stated grades and diamond values which have been identified using historical technology. There is the added benefit that the new high throughput technology can also lead to a meaningful reduction in operating costs.
“We are delighted that our initial capital outlay was paid back and believe this technology will become an integral component in our total diamond value management strategy,” explains James Campbell, CEO, Rockwell Diamonds. “The work represents the opportunity for a step change in Rockwell’s approach to diamond recovery, enabling a quicker payback than any other type of recovery plant. Particularly noteworthy is the fact that we achieved this only from material that had been processed previously. We have yet to deploy the technology in a run of mine application.”
“Having completed the six-month pilot study, we have satisfactorily completed our proof of concept for the Bulk X- Ray technology, with its dual benefits of more efficient recovery of diamonds and lower operating costs,” added Campbell. “Our projects team has also demonstrated its capability to replicate the system on other operations. The next phase is to roll out the technology at the new Saxendrift Hill Complex mine where the processing plant will be based on two Bulk X-Ray systems at a monthly processing rate of 100,000 m3. Production is on track to commence early in the next fiscal year with an expected total capital outlay of about $2 million to be funded from working capital.”

http://www.rockwelldiamonds.com/i/rdi/2012-12-03_NR.pdf

[Geldzuechter]

http://www.miningweekly.com/article/rockwell-diamonds-suspen…

1 Schritt vor 2 Schritte zurück!

[Geldzuechter]

Neues Update!

Saxendrift hui, Tirisano pfui.

http://www.rockwelldiamonds.com/i/rdi/dec-18-2012-FINAL.pdf

[Geldzuechter]

Und mal wieder etwas positivere Nachrichten:

http://www.rockwelldiamonds.com/i/rdi/RCW-NR-Jan-02-2013.pdf

PS:
Chancen das der Kurs heuer steigt stehen m. E. bei 60:40. Mal sehen!

[Pixel_Muc]

Antwort auf Beitrag Nr.: 43.977.566 von Geldzuechter am 03.01.13 13:28:55

Laut Stockhouse sollen wir im 1 Quartal die 0.60Cad sehen. Ich hoffe dem seine Glaskugel lügt nicht

[Geldzuechter]

Q3 Results:

http://www.4-traders.com/ROCKWELL-DIAMONDS-INC-C-1411435/new…

und nach wie vor: mitten drin im Turnaround - Rockwell bleibt ne spannende Sache mit viel Potential und Risiko...

[Pixel_Muc]

und die Diamantenpreise sollten auch mitspielen .....

[Geldzuechter]

http://www.bdlive.co.za/business/mining/2013/01/14/rockwell-…

Hoffentlich nicht nur Zweckoptimismus denn viel Luft für weitere Rückschläge ist nicht mehr. 2013 sollte daher der Turnaround gelingen.

[Geldzuechter]

Klipdam verkauft - neue Mine im Anmarsch.

http://www.rockwelldiamonds.com/i/rdi/2013-04-15_NR.pdf

[freddy1989]

Hoffen wir mal das Rockwell Diamonds es schafft in diesem Jahr 2014 wieder in die Gewinnzone zurückzukehren. Viel Cash für weiter experimente dürfte nicht mehr da sein.

JOHANNESBURG (miningweekly.com) – TSX- and JSE-listed Rockwell Diamonds has agreed to sell its Klipdam mine and associated properties to a private alluvial diamond miner for a total cash consideration of R23-million.

In addition to the earnings from the sale of the operation’s earthmoving equipment in October, this brought the total proceeds from the sale of this asset to R48-million.

The funds would be reinvested in the Niewejaarskraal mine production strategy and growing Rockwell’s operating footprint in the Middle Orange River region.

Despite the start of contract mining at Klipdam in October, which the company said resulted in unit cost reductions and increased volume throughputs, the operation was not considered a “core asset” and was, therefore, disposed of.

The purchase consideration of R23-million was payable in three tranches, with the first payment of R10-million received upon signature of the sale agreement, the balance paid in eight monthly installments of R1-million each, and R5-million to be paid upon receipt of Section 11 approval from the Department of Mineral Resources.

Under the terms of the agreement, Rockwell would retain ownership of certain items of plant and machinery that would be redeployed, chiefly to Niewejaarskraal mine.

Elaborating on the rationale for the transaction, Rockwell CEO James Campbell said the company decided to accept the offer for Klipdam rather than invest further resources to extend its projected mine life through additional exploration.

“This decision was driven by our analysis, which projects higher long-term returns from the Middle Orange River properties, which have better grades and diamond values than Klipdam and yield high-value, gem-quality diamonds,” he commented on Monday.

Higher Returns
Meanwhile, a proposal to remove the Niewejaarskraal mine from care and maintenance had been approved by the board, with a total capital budget of R20.1-million for labour and earthworks.

The project entailed returning the mine’s dense media separation (DMS) plant to the operation, which would be supplemented by the addition of four 16-foot rotary pans from the Tirisano mine and equipment from Klipdam that was not sold.

Trial mining operations were expected to start after a six-month implementation phase with a six-month ramp-up to a monthly processing capacity of 115 000 m3.

During the design phase, management considered deploying the same bulk X-ray technology that had been installed at other Rockwell operations, but this would have taken a year to implement at Niewejaarskraal.

“Therefore, we decided to recommission the existing DMS plant and install the rotary pans – a lower cost option, which had the added advantage of a shorter implementation period,” Campbell said.

The production team from Klipdam would be relocated to Niewejaarskraal to operate the pan and DMS plant, as would the current Klipdam contract miner CML Operations.

As part of the design phase, the company evaluated the potential for a second phase of commissioning to increase the capacity of Niewejaarskraal to 200 000 m3.

This option would be revisited once the initial phase had been bedded down.

“The Niewejaarskraal development is another important milestone towards delivering on our stated objective of growing monthly production volumes to 500 000 m3 from our existing inventory of properties in the Middle Orange River region,” noted Campbell.

“With three productive mines, namely Saxendrift, the Saxendrift Hill Complex – currently in the production ramp-up phase – and Niewejaarskraal, we expect to reach three-quarters of this target.”

The Niewejaarskraal deposit’s average grade was 0.74 ct/100 m3 and had the potential to produce higher recovery grades than Saxendrift, with the added benefit of slightly better projected average carat values.

“We believe our track record in the Middle Orange River region positions us to start delivering positive net returns by the end of fiscal 2014,” Campbell concluded.

[Geldzuechter]

Neue und gute Zahlen. Ich vermisse noch die Kosten um ein besseres Gesamtbild zu erhalten. Absatz aber soweit mal sehr gut.

http://www.rockwelldiamonds.com/i/rdi/NR-May8-2013.pdf

[Pixel_Muc]

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