Rockwell files for business rescue; will retain company operations in the interim

Dual-listed alluvial diamond miner Rockwell Diamonds has filed for business rescue, which will ensure any liquidation order is automatically stayed. This follows after a judge in Kimberley on March 23 issued an interim liquidation order against subsidiaries Rockwell Resources RSA, HC van Wyk Diamonds and Saxendrift Mine Limited after former Rockwell contractor C-Rock Mining launched a liquidation application against the subsidiaries.