Rockwell unveils C$28.5m diamond deal
Rockwell Diamonds delivered on long-standing promises to capitalise on growth by consolidation unveiling a deal with a neighbour in the Northern Cape.
Petra lines up dividends in $98m BEE refinance
Petra boosts cash flow and lines up the start of dividends this financial year after two banks agreed to finance the firm's BEE partners to the tune of $98m.
Bristow lends Rockwell $1.1m helping hand
Mark Bristow, CEO of Randgold Resources, will become a major shareholder in Rockwell Diamonds after accepting $1.1m in convertible debentures in the firm.
Anglo to wait a year for De Beers credit
Anglo American CEO, Mark Cutifani, expected it would take more than a year before credit for De Beers' performance was factored into the UK firm's share.
Trans Hex books R94m profit turnaround
Trans Hex completely transformed its fortunes in the six months ended September followed an increase in South African production, and higher revenue.
Rockwell signs $7.2m BEE deal, mulls growth
Rockwell Diamonds replaced a lapsed empowerment deal and said it may yield asset growth whilst plans were also afoot to double the firm's mining rate.
RAC lifts stake in Trans Hex as NM deal looms
RAC, a joint venture between RECM and Calibre Ltd, moved to protect its interests in the diamond producer ahead of the Namaqualand Mines transaction.
Trans Hex hails market “momentum”
Trans Hex said sales from the first three tenders of this year were up a fifth on owing to positive momentum in the rough diamond market.
Rockwell bursts into profit as rebuild delivers
Rockwell Diamonds surged into a net profit in the first quarter suggesting that its three-year turnaround strategy was finally bearing fruit.
De Beers seals sightholder sales BEE deal
De Beers Consolidated Mines has bought De Beers Sightholder Sales South Africa which enables it to meet its 26% empowerment target set by the government.