[miningmx.com] – TRANS Hex said it had concluded its seven-year strategy of exiting diamond mining in South Africa’s Middle Orange River with the sale of Pioneer Minerals for R35m.
“The Disposal constitutes the final step of a strategic process, initiated in March 2007, to dispose of the group’s mining and prospecting projects located between Douglas and Prieska in the Middle Orange River region of the Northern Cape Province,” it said.
Pioneer holds a diamond mining right on the farm Remhoogte. “The Purchaser owns
other diamond mining and prospecting operations in the Middle Orange River region and therefore already has a regional presence and extensive local knowledge,” it said.
