The new CEO of Rockwell Diamonds Tyart Willems (Tjaart Willemse) noted that the company "is in a deplorable state" after its assessment of the business situation.
Earlier this month, he was succeeded by James Campbell (James Campbell) General Director's position.
"It is clear that the business was in a desperate condition for many reasons," - he said in a statement.
"For a long time there was a violation of the control, a significant non-compliance with procurement policies, - continued the new CEO -. This, combined with the lack of planning, and the lack of pre-loaded project, led to a number of financial management issues and business risks."
Willems said that "blur" reporting both within the organization and between the company and some of its service providers, "does not bode well for the proper management and control of business."
He also noted, however, without further explanation, that in Rockwell yet there has been some "significant progress."
"I am of the opinion that with appropriate controls and with the correct Rockwell team will show a good increase in shareholder value," - said Willems.
At the same time, the company said that production volumes in the second quarter ended August 31 fell by 4% compared with the previous quarter and up 8% compared to the same quarter last year due to the planned downsizing of operations on the project Saksendrift (Saxendrift ), which was partially offset by an increase of 10 percent on processing volumes breed Remhugte (Remhoogte).
Quarterly production of diamonds in carats per Saksendrift decreased by 28% to 1227 carats, and Remhugte had a total of 3,424 carats of diamonds mined. Also, it was obtained a few stones larger than 20 carats, the largest of which were diamonds weighing 158.99 carats 129.66 carats.
Production at Vouterspen (Wouterspan), which started in August, has brought 96.26 carats, including stone weighing 27.4 carats.
Rockwell Sales fell by 9% over the same period last year, up to 4849 carats.
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The acting chairman of the Kimberley Process (KP) for 2016 Ahmed Bin Sulayem (Ahmed bin Sulayem), who is also the Executive Director of the Dubai Commodities Center (Dubai Multi Commodities Centre, DMCC) , is in talks with the diamond company. He met with the Chief Executive Officer of De Beers Filippom Mellier (Philippe Mellier) on March 24 at the London headquarters of the miners.
Speaking about the meeting, Bin Sulayem said: "As part of the ongoing dialogue with the most important representatives of the diamond industry in the last week, we met with the leadership of De Beers Group the world's largest diamond mining company We plan to continue to meet with other important members of the diamond industry in the coming weeks Opinions largest and.. world's most important diamond producers such as De Beers Group, on the major problems of the diamond industry, it is extremely important to strengthen the position of the CP. "
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