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TRANS HEX GROUP LIMITED - Market update February 2014

Release Date: 17/02/2014 11:00
Code(s): TSX     PDF:  
Wrap Text
Market update February 2014

TRANS HEX GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1963/007579/06
ISIN: ZAE000018552
Share code: TSX
("Trans Hex" or “the Group”)

MARKET UPDATE FEBRUARY 2014

Trans Hex is pleased to provide an update in respect of its latest
diamond sales and production.

The Group’s February 2014 tender sale of South African production
amounted to R107.6 million (7 124 carats at an average price of
US$1 379 per carat and exchange rate of R10.95 / US$).

Five single stones were sold for more than US$10 000 per carat,
including one pink stone from Baken Mine which sold for over
US$65 000 per carat.

Somiluana Mine in Angola, in which Trans Hex holds a 33% stake,
realized a total of US$7.20 million for its December and January
sales (14 557 carats at an average price of US$495 per carat).

These sales reflect very healthy trading activity in the rough
diamond market and strong demand for Trans Hex's production at the
start of 2014.

Year-to-date production at the Group’s South African operations
amounted to 41 774 carats at end-January. During the first six
months of the financial year 21 849 carats were produced, while
19 925 carats were produced in the four-month period from October
2013 to January 2014.

Year-to-date production at Somiluana amounted to 63 638 carats at
end-January. During the first six months of the financial year
35 779 carats were produced, while 27 859 carats were produced in
the four-month period from October 2013 to January 2014.

The next sale of South African production will be held in March
2014. Somiluana conducts monthly sales.

The Group’s financial year ends on 31 March and the annual results
will be released on or about 3 June 2014.

The external auditors have not reviewed or reported on the
information provided in this update and it does not constitute an
earnings forecast.



Cape Town
17 February 2014

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