Namaqua Transfer-of-Ownership Submission Imminent – De Beers

Mining Weekly reported the transfer of ownership of Namaqualand diamond mines to Trans Hex (JSE:TSX) is imminent.

As quoted in the market news,

De Beers manager Andrew Henwood, who spoke to a visiting media contingent, says that the application – made under Section 11 of the Minerals and Petroleum Resources Development Act – is expected to be submitted to the Department of Mineral Resources (DMR) this week or next.

Click here to read the full Mining Weekly report.