Rockwell Diamonds was a mid-tier diamond mining and development company. The company had an interest in producing and exploration alluvial diamond properties in southern Africa. The stock of the company once traded on the South African, Canadian, and American exchanges, but is now in the process of liquidation.
History
Rockwell Diamonds Inc was in news in 2009 when Switzerland based Pala Investments Holdings Limited made a takeover bid for the company which was resisted by the minority directors of the company.[1][2][3] The bid did not succeed.
In May 2010 the Financial Times reported that Rockwell Diamonds was again a takeover target.[4]
In April 2013, the firm sold its Klipdam mine in South Africa to a private diamond miner for R23 million. Rockwell announced it would reinvest the money in the Niewejaarskraal mine and into the growth of the company's footprint in the Middle Orange River region.