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Trans Hex Rough Sales Fetch $895/ct.

Feb 27, 2017 4:04 AM   By Rapaport News
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RAPAPORT... Diamond miner Trans Hex reported sales of $14.7 million (ZAR 201.1 million) at three recent tenders of rough stones from its wholly owned operations in South Africa.

The sales in October, December and February fetched an average price of $895 per carat for 16,447 carats, the Cape Town-based company said. Six diamonds sold for more than $10,000 per carat each, including a 4-carat stone from the Baken mine in South Africa, which garnered $27,245 per carat.

Sales for West Coast Resources, in which Trans Hex holds a 40-percent stake, amounted to $6.1 million at an average price of $158 per carat.

Separately, five sales of goods from Angola’s Somiluana mine since September yielded $30.2 million at an average price of $521 per carat. Trans Hex owns a third of the asset.

The next sale of production from the South African operations will take place in March. Sales of diamonds from Somiluana occur monthly.

Production at the South African mines came to 11,356 carats for the four months that ended January 31. Output from West Coast Resources was 26,030 carats in the same period, while Somiluana accounted for a further 31,460 carats.
Tags: Angola, Baken mine, Cape Town, Production, Rapaport News, Rough Diamonds, Rough Production, rough sales, Somiluana, South Africa, Trans Hex, West Coast Resources
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