| Tue 8 Dec 2009, 15:30 | | RDI - Rockwell Diamonds Incorporated - Appoints New Managers |
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RDI
RDI
RDI - Rockwell Diamonds Incorporated - Appoints New Managers
ROCKWELL DIAMONDS INCORPORATED
(A company incorporated in accordance with the laws of British Columbia, Canada)
(Incorporation number BCO354545)
(Formerly Rockwell Ventures Inc.)
(South African registration number: 2007/031582/10)
Share code on the JSE Limited: RDI ISIN: CA77434W1032
Share code on the TSX: RDI CUSIP Number: 77434W103
Share code on the OTCBB: RDIAF
ROCKWELL APPOINTS PROCESSING PLANT AND FINANCIAL MANAGERS FOR ITS NORTHERN CAPE
OPERATIONS
December 8, 2009, Vancouver, B.C. - Rockwell Diamonds Inc. ("Rockwell" or the
"Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) announces the appointment of Hans
Gastrow as Operations Manager - Processing and Recovery Plant to oversee and
optimize its diamond processing and recovery plants, and Johan Oosthuizen as
Financial Manager responsible for financial oversight and planning at the
Company`s operations near Kimberley in the Northern Cape Province, South Africa.
Hans Gastrow is a registered professional mining engineer with broad
engineering, operational, and managerial experience and skills in diamond mining
in South Africa. In the 33 years that he worked with De Beers Consolidated Mines
in South Africa, he was involved in open pit mining, underground operations,
management of new projects, and improvements to processing and diamond
extraction at several De Beers mines. Over his diamond career, he had
considerable involvement in processing, extraction and final recovery plant
development, recovery audit and optimization procedures, operational enhancement
systems, and health and safety procedures. He also gained widespread exposure
to the mining, geology, and evaluation of diamond deposits as well as extensive
management experience including 15 years spent as General Manager at various De
Beers diamond mining operations including the Koffiefontein, Kimberley, Venetia,
and Cullinan Mines.
He graduated in 1971 with a B.Sc. Eng in mining and also obtained a Graduate
Diploma in Engineering from the University of the Witwatersrand and later
completed an Executive Development Program through the Gordon Institute of
Business Science in Johannesburg.
Rockwell has acquired the services of Hans Gastrow on a contract basis for an
initial six months, whereafter the Parties may mutually agree to Hans becoming
an employee of the Company.
Johan Oosthuizen is an accountant with extensive business experience in mining,
manufacturing, and the financial sector. He served with Eskom Pension and
Provident Fund, the benefit fund of South Africa`s electricity utility, as
General Manager of Finance and Administration for 12 years to 1998. He was a
member of the management team contributing to the strategic direction and growth
of Eskom`s privately managed benefit fund, which was the second largest in the
country. He consulted on accounting solutions, financial management, corporate
structuring, and taxation until joining the De Beers Group in 2003. He was
initially a financial analyst with De Beers Consolidated Mines Limited and
following restructuring, assumed the role of finance business partner to the
Technical Division of De Beers Group Services (Pty) Limited. His was responsible
for the financial business support on both planning, operational and project
management levels in the Technology, Engineering, Metallurgy, Mineral Resource
Management services and skills offering, R & D, and manufacturing/trading
environment.
Responsibilities included business model analysis, planning, control,
evaluation, monthly, quarterly and annual consolidations and reporting to Board
and Compliance Agencies.
Johan holds a B.Comm degree from the Rand Afrikaans University (1979), an
Honours B Compt (1988) and a Certificate in the Theory of Accounting (CTA)
(1989) from the University of South Africa.
President and CEO John Bristow stated "We are pleased to have acquired the
services of two individuals with in-depth knowledge of the diamond mining
business. Hans Gastrow`s experience in diamond plant and extraction systems and
management practices, and the hands-on approach and accounting skills of Johan
Oosthuizen at the operational level will add depth to our operational and
management teams. We look forward to the contributions and benefits that these
gentlemen will bring to Rockwell."
For further details on Rockwell Diamonds Inc., please visit the Company`s
website at www.rockwelldiamonds.com or contact Investor Services at (604) 684-
6365 or within North America at 1-800-667-2114.
John Bristow
President and CEO
No regulatory authority has approved or disapproved the information contained in
this news release.
Forward Looking Statements
This release includes certain statements that may be deemed "forward-looking
statements". Other than statements of historical fact all statements in this
release that address future production, reserve or resource potential,
exploration drilling, exploitation activities and events or developments that
each Company expects are forward-looking statements. Although the Company
believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those
in the forward-looking statements. Factors that could cause actual results to
differ materially from those in forward-looking statements include market
prices, exploitation and exploration successes, changes in and the effect of
government policies regarding mining and natural resource exploration and
exploitation, availability of capital and financing, geopolitical uncertainty
and political and economic instability, and general economic, and market or
business conditions. Investors are cautioned that any such statements are not
guarantees of future performance and that actual results or developments may
differ materially from those projected in the forward-looking statements. For
more information on Rockwell, Investors should review Rockwell`s annual Form 40-
F filing with the United States Securities and Exchange Commission www.sec.com
and the Company`s home jurisdiction filings that are available at www.sedar.com
Johannesburg
8 December 2009
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 08/12/2009 15:30:01 Produced by the JSE SENS Department.
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