ROCKWELL Diamonds’s strategy of opening its noncore land holdings to smaller royalty miners is starting to pay for the company which has clear growth plans.Rockwell has five such miners on its Tirisano property in North West, which it put into care and maintenance at the end of last year because of labour unrest and the financial burden caused by its empowerment partner unable to fund its stake in the mine.The five contract miners will be at full production of 150,000m ³ a month by the end of this year, said Rockwell on Friday. Rockwell has put a similar agreement in place at its Zwemkuil property in the Northern Cape.Together, the royalty miners at Tirisano and Zwemkuil will process 200,000m ³ of gravel-bearing alluvial diamonds a month. Rockwell is paid a 12.5% royalty on sales of rough diamonds that it handles on behalf of the smaller miners.In the three months to the end of May, which is the first quarter in Rockwell’s 2014 financial year, the contractors at Tirisano delivered 1...
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