News release
The largest diamond ever produced by alluvial miner Trans Hex in its 36-year
history is one of the 96 gem-quality stones larger than ten carats to go on
offer at the Company's upcoming tender.
The 216-carat gem, recovered from the Saxendrift operation on the Orange River
during October 2000, is one of 36 parcels for sale totalling more than
17 000-carats.
The tender which will be open for viewing from 5th to 16th March, at the South
African Diamond Bourse in Johannesburg, also includes a 55-carat stone - the
largest gem recovered from Trans Hex's flagship Baken operation.
"I have been in the mining business for more than 30-years but never cease to
be thrilled with the discovery of large gem-quality diamonds," said Peter
Danchin, managing director: operations.
Trans Hex operates mines along the middle and lower Orange River and has
established a worldwide reputation for producing large diamonds of extremely
high quality.
These characteristics have enabled the Company to achieve run-of mine prices
among the highest in the world with Saxendrift averaging over
US$1 000 per carat.
Trans Hex markets its entire production through an in-house tender system under
the supervision of the South African Diamond Board, ensuring that only diamonds
from the Company's own mining leases reach the marketplace.
Ends.
For further information : Peter Danchin
Trans Hex Group
Tel: (021) 939-1105
Issued by : Cullum Johnston
BHA Communications
Tel: (021) 683-2685 / 083 212-2455
Date : 26 February 2001
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