Rockwell concludes sale of noncore assets

February 20, 2017

Responsive image

While dual-listed Rockwell Diamonds is not yet in the “home stretch”, the company is gaining traction on its turnaround as it concludes the sale of its noncore Saxendrift alluvial diamond assets in the Middle Orange River region to private firm Nelesco 318 for R45-million. In December, Rockwell announced the sale of certain assets, which included Nelesco’s assumption of R70-million in rehabilitation liabilities and the transfer of 100 employees, as part of repositioning efforts towards a “new Rockwell”.

Category: General