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Trans Hex's Rough Tenders Achieve $69M


Post Date: 21 Mar 2013    Viewed: 384

Trans Hex sold 13,540 carats of rough diamonds during tenders held in December and January and achieved almost $18 million or an average price of $1,317 per carat. Trans Hex achieved rough sales of $69 million (ZAR 635.9 million) for 56,587 carats for the period of October through January. The company closes its fiscal year on March 31 and will report more detailed results in June.


The Somiluana diamond mine in Angola, in which Trans Hex holds a 33 percent stake, contributed $2.64 million to the total from the sale of 6,872 carats. Somiluana's production so far this fiscal year has reached 38,869 carats, while South African production amounted to 61,204 carats and Trans Hex expects to hold rough tenders for those goods in March.


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