Friday, July 14, 2017

In TransHex noted that a consortium of companies and Cream Magenta Metcap 14 Proprietary together received 47.08 percent stake in diamond miner junior.
As noted in TransHex statement, the consortium, in which, besides the above-mentioned companies is included and RAC Investment, already owns a 25 percent share of the diamond company. At the same time, he made a mandatory offer to buy shares TransHex for its share capital in full, rather than to get ordinary shares, which owned providers.
"Together we will eventually be able to ensure the growth of value added TransHex", - said the director of RAC Piet Viljoen (Piet Viljoen), as quoted by Bloomberg.
"Perhaps it will take some amount of capital, but the TransHex now have strong shareholders, who have the necessary funds", - he added.
TransHex owned diamond mining operations in South Africa and Angola.
From January to March 2016 diamond sales from operations in South Africa fell by 28.6% compared to the same period last year, to 671.4 million rand ($ 49 million).
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