Trans Hex Supports Diamond Beneficiation System

Mining Weekly reported Trans Hex (PINK:TRHXY) CEO, Llewellyn Delport, said South Africa’s diamond beneficiation system is helping the business and assisting the diamond tender process.

As quoted in the market news:

Delport, who announced a net profit of R208.3-million for 12 months to March 31 from a loss of R45.1-million the year before, tells Mining Weekly Online that the JSE-listed diamond-mining company’s 75% ownership of Trans Hex Diamond Cutting Works in Johannesburg enables it to avoid being exposed to the 5% export duty that is imposed on diamond miners that fail to sell a minimum of 15% of their diamond mining production to South African beneficiators on fully commercial terms.

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