AGREEMENT REACHED BETWEEN TRANS HEX AND BATEMAN
MEDIA RELEASE 26 SEPTEMBER 2002
The JSE-listed Trans Hex Group (THG) and Bateman have reached an amicable
settlement following a legal dispute at Baken for recently completed materials
handling and processing plant.
THG`s Chief Executive Officer Calvyn Gardner said, "The Baken plant is producing
at budget capacity and Trans Hex is now satisfied with its performance." He
concluded, "Trans Hex and Bateman are looking forward to renewing the
relationship and working together in THG`s new ventures in South Africa and
Angola".
Trans Hex has announced it`s latest partnership into Angola, having secured two
of the most sought-after alluvial diamond mining concessions with the Angolan
State Diamond Organisation, Endiama.
Ends.
For further information : Calvyn Gardner
Chief Executive Officer
Tel: 021 937 2000 / 082 444 3370
Issued by : Ruth Robertson
Public Relations Manager
TRANS HEX GROUP
tel 27 + 21 + 937 2016
cell 27 + (0) 82 777 6607
fax 27 + (0) 21 937 2100
email ruthr@transhex.co.za
Date : 26 September 2002
Date: 26/09/2002 05:25:50 PM Produced by the JSE SENS Department
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