DIAMONDS
South Africa-focused alluvial diamond miner Rockwell Diamonds is in a “state of despair”, its incoming chief executive said on Thursday, adding that the company will implement a comprehensive operational turnaround. “From my observations to date on the general health of the business and understanding of the main contributors to its current position, it is clear that the business finds itself in a state of despair for a number of reasons,” stated incoming CEO Tjaart Willemse, who will take the reins from James Campbell by the end of November.
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