Trans Hex Group Board recommended shareholders to reject the takeover offer made by the richest man in South Africa, after a group of independent members of the board came to the conclusion that the offer undervalues the mining company.
Company Snowden Mining Industry Consultants Proprietary Ltd, which was hired by the independent members of the Board, assessed the company at $ 0.59 (8 rand) per share, the statement said the mining company to the Johannesburg Stock Exchange. At this company Cream Magenta and Metcap, which belong to the retail mogul Christ Vizi (Christo Wiese), together with RAC Investment Holdings, offered $ 0.29 (3.94 rand).
"Independent board, taking into account the opinion of independent experts on the proposal, said that the terms of the offer are unfair and unacceptable for shareholders and, accordingly, recommends shareholders not to accept the proposal," - said in a statement Trans Hex.
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Company Koin International, specializing in the organization of tender sales of rough and polished diamonds, has announced the tender of rough behavior 6-14 April 2016 in Antwerp.
At the auction will be on display more than 50 thousand. Carats of unpolished stones from Ekapa Minerals. For a company this is the first tender of diamonds mined at its recently acquired from De Beers significant share of dumps diamondiferous rocks in the field of Kimberley (Kimberley) in South Africa.
At the auction will be on display a wide range of stones of different sizes and qualities, including exquisite diamond fancy intense yellow color weighing 27 carats.
In addition, Koin International will offer unique raw materials from the South African project company Diamcor Mining and Klipspringer diamond mine (Klipspringer) in South Africa.
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