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Trans Hex Cautious About Future Operations
Trans Hexhas issued a warning about its capacity to continue as a going concern, stating there was“material uncertainty” around its ability to fund its short-term liquidityrequirements. The notificationcomes amid continued operating losses for the business....
Mining Jul 02, 2019 Rapaport News
Trans Hex
Trans Hex to Offload Another Deposit
Trans Hex plans to sell nearly 70% of its Namaqualandoperations to the same company that bought its Lower Orange River mines last year. The miner is currently negotiating terms for the sale of the South...
Mining May 26, 2019 Rapaport News
Trans Hex rough diamonds 150
Asset Sale Puts Trans Hex Back in Black
Trans Hex Group’s sale of its Lower Orange River (LOR)project has brought the South African diamond miner back to profitability.Company profit came to ZAR 52 million ($3.6 million) for thefirst fiscal half ending September...
Mining Dec 16, 2018 Rapaport News
Trans Hex 150
Losses Grow at South Africa’s Trans Hex
Trans Hex Group’s losses widened 2% to $13.9 million (ZAR186.8 million) in the past fiscal year, reflecting the termination of its LowerOrange River (LOR) mining operations. The company halted production at the unprofitable LORdivision in South...
Mining Jun 24, 2018 Rapaport News
Trans Hex
Trans Hex Sells Idle Mines
South Africa-based diamond producer Trans Hex is selling two of its Lower Orange River mines that it withdrew from production. Lower Orange River Diamonds, a black-woman-owned company, hasagreed to buy the assets, which consist of the...
Mining Apr 23, 2018 Rapaport News
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