Rockwell says repositioned for a new financial year

Diamond miner Rockwell Diamonds on Tuesday said it had ended the 2016 financial year on a solid base as the fourth quarter showed “positive progress” following a recent strategic and operational review and restructuring. After suffering significant losses in the third quarter of 2016, the TSX- and JSE-listed firm continued to implement key restructuring decisions to get the company back on track during the three months to February 29.