TSX
TSX
TSX - Trans Hex - Market Update
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
Trans Hex is pleased to provide an update in respect of its latest diamond
sales.
The Group`s March 2011 tender sale of South African production amounted to R94.5
million (7 585 carats at a record average price of US$1 782 per carat and
exchange rate of R6.99 / US$).
Five single stones were sold for an average price in excess of
US$10 000 per carat, including two stones from Baken Mine which sold for over
US$40 000 per carat.
Project Luana in Angola, in which Trans Hex holds a 33% stake, realized a total
of US$1.89 million for its March sale (4 303 carats at an average price of
US$439 per carat).
These sales reflect continued strong demand and increasing prices for Trans
Hex`s rough diamond production.
The next sale of South African production will be held in May 2011. Project
Luana conducts monthly sales.
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
23 March 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Namibian Sponsor
IJG CORPORATE FINANCE (PTY) LTD
Date: 23/03/2011 14:19:01 Produced by the JSE SENS Department.
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