De Beers announces sale of NM Mines
De Beers Consolidated Mines (“DBCM”) today announced that it has entered into an agreement to sell Namaqualand Mines to Trans Hex in a transaction valued at R225 million.
The agreement to sell the mine to Trans Hex follows an open and rigorous selection process that evaluated prospective bidders on a number of criteria determined by DBCM as critical to ensuring the long-term sustainability of Namaqualand Mines community.
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