Rockwell Diamonds Will Prove Sustainability in 2012

Mining Weekly reported Rockwell Diamonds (TSX:RDI,OTC:RDIAF) says it will build on steady production at its three South Africa diamond mines to prove the sustainability of the projects in 2012.

As quoted in the market news:

He stated that 2012 would be a year of consolidation for Rockwell and that it would focus on resolving and finalising matters that would aid in improving the company’s balance sheet.

These include the resolution of a dispute with black economic-empowerment partner, African Vanguard Resources, which still owed Rockwell some R50-million for a 26% stake in its Saxendrift mine, in the Northern Cape.

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