HomeDiamonds & GemstonesRockwell Diamonds appoints new CFO

Rockwell Diamonds appoints new CFO

The appointment of Patrick Cooke as CFO was effective from 7 November this year.

Rockwell Diamonds said Cooke, a senior financial executive, has several years of experience in the mining industry, including the role of CFO of Pangea Diamonds and CFO of three other entities. “Cooke started his commercial career as a banker with Barclays and he has been a non-executive director of several companies, including two companies listed on the Toronto Stock Exchange,” added Rockwell.

“I am very pleased that Patrick has agreed to join us and will lend his experience to the ongoing strategic review and related business restructuring going forward,” said Tjaart Willemse, Rockwell Diamonds’ executive officer.

“His financial and structuring skills, as well as significant public company experience will stand us in very good stead as we complete this phase, deal with some legacy issues, start up Wouterspan, and complete the sale of certain non-core assets.”

Rockwell Diamonds operates and develops alluvial diamond deposits. The company also evaluates consolidation opportunities that have the potential to expand its mineral resources and production profile and add value to Rockwell.

According to Rockwell Diamonds, the company is known for producing large, high-quality gemstones and it is involved in a beneficiation joint venture that allows Rockwell to share in the profits of the sale of polished and certain re-traded diamonds.

Rockwell Diamonds has set itself the strategic goal of becoming a mid-tier diamond production company. The company is focusing on growing its Middle Orange River operational base and minimising production and recovery volatility, so it has set a medium-term target to process 500,000 cubic metres of gravels per month from its MOR operations.