TSX - Trans Hex Group Limited - Market Update - November 2010 Sales
TSX
TSX
TSX - Trans Hex Group Limited - Market Update - November 2010 Sales
TRANS HEX GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1963/007579/06
ISIN: ZAE000018552
Share code: TSX
("Trans Hex" or "the Group")
MARKET UPDATE - NOVEMBER 2010 SALES
Trans Hex is pleased to provide an update in respect of its latest diamond
sales.
The Group`s November 2010 tender sale of South African production amounted to
R100.6 million (12,360 carats at an average price of US$1,145 per carat and
exchange rate of R7.10 / US$).
10 Single stones were sold for an average price of more than US$10,000 per carat
and one stone of 23.22 carats, from Baken Mine, sold for over US$30,000 per
carat.
Project Luana in Angola, in which Trans Hex holds a 33% stake, realized a total
of US$2.33 million for its November sale (5,700 carats at an average price of
US$409 per carat).
Both sales reflect continued strong demand and increasing prices for Trans Hex`s
rough diamond production.
The external auditors have not reviewed or reported on the information provided
in this update and it does not constitute an earnings forecast.
Cape Town
25 November 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Namibian Sponsor
IJG CORPORATE FINANCE (PTY) LTD
Date: 25/11/2010 12:16:01 Produced by the JSE SENS Department.
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