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ROCKWELL’S BUSINESS RESCUE PLAN TO BE PUBLISHED SOON

The rescue plan for Rockwell and its subsidiaries will be published by September 30
Mirny Diamonds
Credit: Alrosa

The business rescue process for Rockwell Diamonds and its three South African subsidiaries – Rockwell Resources, HC van Wyk Diamonds and Saxendrift Mine – will be published by September 30, Mining Weekly reports.

 

“The appointed business rescue practitioners are actively working alongside the companies’ management to prepare a business rescue plan, which will deal with all claims against the subsidiaries”, the company announced.

 

In the quarter leading to May 31, Rockwell reported “a total comprehensive loss of $2.7 million […] primarily driven by no completed operations being conducted during the period and resulting in very few diamonds recovered to cover operational costs and overheads”.



Tags: Diamonds News, Diamond Industry News, Mining News, Rockwell News

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