South African alluvial diamond miner Trans Hex said on Thursday that it is in discussions, on an exclusive basis, with De Beers Consolidated Mines (DBCM) in relation to Trans Hex exploring options regarding the mining and processing operations conducted by DBCM’s Namaqualand Mines Division.
If negotiations are successfully concluded, the transaction may have a material effect on the price at which the company’s securities trade on the JSE and the Namibian Stock Exchange.
Accordingly, shareholders of the company are advised to exercise caution when dealing in the company’s securities until a further announcement is made, it said. — I-net Bridge