TSX - Trans Hex Group Limited - Market update - Trans Hex is pleased to
TSX
TSX
TSX - Trans Hex Group Limited - Market update - Trans Hex is pleased to
provide an update in respect of its latest diamond 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
Trans Hex is pleased to provide an update in respect of its latest
diamond sales.
The Group`s October 2011 to December 2011 tender sales of South African
production amounted to R180.6 million (20 270.74 carats at an average
price of US$1 116 per carat and average exchange rate of R7.98 / US$).
Ten single stones were sold for an average price in excess of US$10 000
per carat.
Somiluana Mine in Angola, in which Trans Hex holds a 33% stake, realised
a total of US$4.17 million for its October 2011 and November 2011 sales
(8 538 carats at an average price of US$488 per carat).
The next sale of South African production will be held in February 2012.
Somiluana conducts monthly sales.
The information provided in this update has not been reviewed and
reported on by the Group`s external auditors and does not constitute an
earnings forecast.
Cape Town
13 December 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 13/12/2011 11:53:01 Produced by the JSE SENS Department.
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