[miningmx.com] – TRANS Hex said it was finalising a transaction to buy
Namaqualand Mines from De Beers Consolidated Mines, a deal first announced in May
last year.
“Shareholders are advised that Trans Hex is currently finalising certain aspects of the
proposed transaction and therefore shareholders should continue to exercise caution
when dealing in the company’s securities,” Trans Hex said.
In February, Sakhile Ngcobo, head of corporate affairs at DBCM, the South African
wing of the group, told Miningmx the sale of Namaqualand mines to Trans Hex was
progressing well, with the sale expected to be completed by April.
He said the Department of Mineral Resources has signed off on Trans Hex’s mining
and social plan, with the environmental-management plan expected to be settled
within the next month.
“We’re making very good progress on the environmental discussions,’ he said.
