Trans Hex to dispose of Lower Orange River operations

JSE-listed diamond mining company Trans Hex’s subsidiary Trans Hex Operations (THO) has entered into an agreement to sell its Lower Orange River (LOR) operations – the Bloeddrif and Baken mines – to black women-owned LOR Diamonds for R72-million. The agreement includes the disposal of the business conducted by THO relating to the exploration, prospecting, mining, recovery, treatment, production and disposal of diamonds in respect of the LOR operations.