Rockwell Diamonds is a mid-tier diamond mining and development company based in South Africa and focused on the exploration and production of alluvial diamonds from a portfolio of mines in the Northern Cape.

Mines initially included the Holpan-Klipdam Property, Wouterspan, Saxendrift & South Bank Middle Orange River Operations and Niewejaarskraal & South Bank Middle Orange River Operations. A private mining company decided to buy the Klipdam mine for R25 million in 2013, with Rockwell reinvesting the cash into the Niewjaarskraal mine. The Wouterspan mine has been put on care and maintenance, while the company has invested further capital into the purchase of the Remhoogte/Holsloot Project contiguous to the group’s other properties. Rockwell also has a strategic beneficiation partnership with Diacore for the production of rough diamonds weighing more than 2.8 carats.

Rockwell Diamonds shares are available for investors to buy on the Johannesburg Stock Exchange (JSE) and the Toronto Stock Exchange. Due to the difficult trade conditions, Rockwell Diamonds share price has struggled on the live online stocks chart.

Throughout its history, the company has focused on high throughput processing capability, state-of-the-art technology and the lowest costs in the industry. The company has a reputation for producing large, high quality gemstones, enhanced through the beneficiation joint venture which enables it to participate in profits of downstream sales. Rockwell is particularly well-known for producing and selling the 109 carat Alana fancy yellow diamond in 2014.

The company’s performance has however been severely hampered by the deteriorating conditions within the mining industry in South Africa. This forced a company-wide review of improvements in operational effectiveness, renegotiation of acquisition loan agreements and reduction of overheads, including the closure of the head office in Johannesburg. Meanwhile, the decision to buy Remhoogte/Holsloot is expected to offset depleting resources at the Saxendrift property.

The group’s 2016 financial data highlighted that volumes mined were down by 30% and volumes produced were down 17%. Overall, the company incurred a comprehensive loss of $32.7 million for the year, which included the impacts of restructuring and Rand depreciation. With the restructuring and streamlining of the company, the board says that it is well positioned to reach its strategic goal of processing 500 000m3 of gravel per month, due to improving productivity, diamond recoveries and values. Further benefits are forecast from a new mining strategy to outsource some operations.

Following many years of strife, Rockwell Diamonds shares have stagnated on the JSE, and are still regarding as an unattractive buy for investors. The company has said that it is now better placed to move forward, with a forecast for improved results in future, but there is a huge amount of work to do. At present, investors will rightly be reluctant to buy Rockwell Diamonds shares, despite the low Rockwell Diamonds share price.

Materials

Metals & Mining

Other Mined Minerals

We have made it simple to buy JSE listed firm shares online. The easiest way to buy Rockwell Diamonds Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Rockwell Diamonds Group and assist you with the setup and management of your stock portfolio account.

1. Start by Filling in the BUY THIS SHARE form.
2. Insert your name, email, telephone number and monthly remuneration.
3. Then, Indicate the amount you are looking to invest in Rockwell Diamonds Group.
4. Click the “ INVEST NOW” button
5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)

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