The Rockwell said that its revenue fell by 65% compared with the same period last year, to 2.4 million Canadian dollars, due to the delay in the development of the mine Vouterspen (Wouterspan) against the background of the judgment.
A former contractor miners, C-Rock Mining (CML) , November 7th through the court suspended the company ownership of projects Vouterspen, Saksendrift (Saxendrift), complex Saksendrift Hill (Saxendrift Hill), Niveyarskraal (Niewejaarskraal), project Remhugte / Holsloot (Remhoogte / Holsloot) .
However, the court rejected the petition on December 6 the CML, returning the assets of Rockwell. The diamond mining company said that with the return to the concessions she discovered damage to or destruction of property, that is, in her opinion, a deliberate act of sabotage. Currently, the company carries out repairs of equipment, which is likely to be completed at the end of this month.
At the same time, total revenue Rockwell fell by 51% year on year to 3.5 million Canadian dollars.
CEO Tyart Willems (Tjaart Willemse) noted that the approval of $ 8 million cost of the financing plan will help lay the foundation on which the company will return to profitability, to pay the debt and start to bring real income to its shareholders.
"It was a tough quarter, but I am confident that we have managed to make a U-turn in our path to profitability", - he said.
Willems also said that production growth has been slower than expected, mainly as a result of unexpected problems with excavation equipment as a result of sabotage.
He also said that the company has entered into an agreement to sell its non-core mines Remhugte / Holsloot Saksendrift and a reasonable monetary compensation.
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Seventh Antwerp Diamond Trade Fair (Antwerp Diamond Trade Fair, ADTF) will be held January 31 - February 2, 2016. The fair will showcase a wide range of loose diamonds available for purchase.
Antwerp Diamond Trade Fair is held since 2010 and is a landmark event for the three bourses of Antwerp.
Visitors to the fair have the opportunity to visit the gemological laboratories to take part in educational seminars, meet with colleagues and partners from various sectors of the diamond industry and market experience. They can also get a full range of services to the diamond industry in the banking, gemological, the logistics sector, as well as security, freight and insurance.
Seven years ago, several young Antwerp diamond dealers offered the innovative concept of niche fair devoted exclusively of loose diamonds. "The concept of the Antwerp fair diamond immediately became extremely successful, - said the executive director of the Antwerp Diamond Bourse (Antwerp Diamond Bourse) Rafael Rubin (Raphael Rubin) -. We have created a new, efficient, friendly and very competitive fair that meets all the criteria employed diamanters for that time -. this money contracts are for one or two days in the trading floors. "
According ADTF organizers, the event is the trading platform of the 21st century, which dates back to the centuries-old tradition. This platform is moving to the future thanks to the pursuit of excellence, ethical business practices and sustainable investments.
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