MARC HASENFUSS: Diamonds aren’t forever as Trans Hex found out
It’s no longer about making money from Trans Hex, but more about salvaging some value
31 October 2019 - 05:00
I have to wonder whether diamond miner Trans Hex Group would be skulking off the JSE if it had managed to clinch the Ocean Diamond Mining Holdings (ODM) deal about 20 years ago.
Older readers will remember that Trans Hex — then cash flush and with the mighty Remgro as a major shareholder — tilted at the promising and productive ODM. ODM, headed by the highly capable Andre Louw, might have allowed Trans Hex to build a formidable marine mining arm...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.