|
|
Rockwell Mulls Asset Sales After Strategic Review
Nov 3, 2016 10:06 AM
By Rapaport News
|
|
|
RAPAPORT... Rockwell Diamonds is considering offers for
some of its assets as the company attempts to improve its liquidity and working
capital position.
The South Africa-focused said it it does
not need shareholder approval to execute any such deals.
The announcement follows a review of the miner’s operations
after disappointing financial results. Chief executive officer James
Campbell resigned in September and was replaced by Tjaart Willemse, a
former De Beers operations manager. Later in the month, CEO Willemse said
Rockwell was in a “state of despair” due to operational and financial
management shortcomings. |
|
|
|
|
|
|
|
|
|
Tags:
James Campbell, Rapaport News, Rockwell, Rockwell Diamonds, South Africa, Tjaart Willemse
|
|
|
|
|
|
|
|
|
|
|