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Rockwell Recovers Four Large Diamonds at Saxendrift
Sep 22, 2013 5:10 AM
By Deena Taylor
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RAPAPORT... Rockwell Diamonds recovered four rough diamonds larger than 100 carats from its Saxendrift project in South Africa. The company recovered a 116-carat diamond and a 138-carat diamond at the Saxendrift extension pit, while a 126-carat diamond and 169-carat diamond were recovered from a recently opened mining area at the Saxendrift hill complex. The company noted that all four diamonds were discovered within a three-week period and will be sold at market value through its beneficiation joint venture with Steinmetz.
Rockwell's CEO, James Campbell, explained that the discovery of the diamonds is in line with management's strategy to increase production in the Middle Orange River region, where the company has a significant inventory of high-value diamonds.
The company also recovered a higher-than-average number of diamonds smaller than 100 carats at the Saxendrift extension pit. Rockwell recently commissioned new processing technology at the mine to increase production.
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Tags:
Deena Taylor, diamonds, Middle Orange River, Rockwell, Rough Diamonds, Saxendrift
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