Rockwell Diamonds Completes Tirisano acquisition
October 12, 11
(IDEX Online News) – Diamond miner Rockwell Diamonds completed the acquisition of the Tirisano mine project, the company announced Tuesday.
“We are delighted that this transaction has now been completed as Tirisano is of strategic importance to Rockwell’s long term growth objectives," said Rockwell CEO, James Campbell.
“The quality and price per carat of the stones recovered at Tirisano during the commissioning and recovery testing phase are encouraging as these exceeded what was achieved by the mine's previous operators,"
On September 9, 2010 Rockwell Resources RSA (Pty) Limited signed a Sale of Shares and Claims Agreement to acquire Etruscan’s Blue Gum Diamond operation in the Ventersdorp region of South Africa.
Blue Gum Diamonds owns the Tirisano mining right and the operation has been on care and maintenance since June 2008.