OPERATIONAL UPDATE
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Reply |Hunter Dickinson to me
show details 12:07 PM (23 hours ago)
Dear Investors,
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Rockwell OPERATIONAL UPDATE
Recovers 122, 120 and 105 carat stones from Saxendrift
Monthly production exceeds 2500 carats
October 5, 2009, Vancouver, B.C. Rockwell Diamonds Inc. (“Rockwell” or the “Company”) (TSX: RDI; JSE: RDI; OTCBB: RDIAF) provides an update on its operations for the period March 1, 2009 to October 2, 2009.
As a consequence of the international economic crisis and precipitous decline in rough diamond prices, Rockwell restructured its business and operations in January and February 2009 to ensure it could manage the challenges presented by this situation. The Company placed its Wouterspan operation on care and maintenance, reduced its employee complement by a total of 180 personnel, and implemented initiatives to increase production and reduce operating costs. These initiatives included a review of all contracts and out-sourcing arrangements, further refinement of mine plans, stringent grade control, smarter earth moving procedures, re-engineering initiatives to improve production throughput at Saxendrift, Holpan and Klipdam, and rigorous planned maintenance and repair programs at all processing and recovery plants. The Company contracted an experienced engineer with extensive diamond plant (dense media cyclone and rotary pan plant) experience, and capital expenditure programs were cutback to conserve cash.
Plant throughput and diamond recoveries The initiatives implemented by the Rockwell Board and Management have shown systematic benefit at all operations and resulted in better mining efficiency, increased production, higher diamond recoveries, lower operating costs, and improved operating efficiencies. As a consequence of these initiatives the Company has exceeded its target of 2500 carats per month from its three operating mines during the period June to September 2009. Previously the Company was achieving similar production from four mines. Diamond production data for Rockwell's three active mine sites is summarized in the table below: .......
http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportID=366207
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