Rockwell Diamonds Incorporated (JSE:RDI)
Rockwell Diamonds Incorporated (JSE:RDI) is engaged in the business of developing and operating alluvial diamond mines and aims to become a mid-tier diamond mining company.
The Company has three existing operations - Saxendrift, Klipdam and Tirisano, which it is progressively optimizing. It also has two development projects - Wouterspan and Niewejaarskraal - and a pipeline of other projects with future development potential. Rockwell's operations and projects are all located in South Africa.
Rockwell continues to evaluate merger and acquisition opportunities which have the potential to expand its mineral resources and provide new opportunities to develop the additional production that would provide accretive value to the Company. The acquisition of Jasper Mine, adjacent to Saxendrift is nearing completion.
The Company has an established track record of producing large gem quality diamonds; these comprise a significant proportion of its production profile. The diamonds recovered from Rockwell's mines are frequently acquired for investment purposes. The Company has a beneficiation joint venture which enables it to participate in the profit on the sale of its 2.8+ carat sized stones after they have been polished.
Rockwell is listed on the Johannesburg Stock Exchange (JSE) and the Toronto Stock Exchange (TSX).