CAPITAL MARKETS

Trans Hex to defend itself in US$19.5m lawsuit

SOUTH African diamond producer Trans Hex has said it will vigorously defend itself after its former joint venture partner, Diamond Fields International, filed for damages in the Cape Town High Court.

Greg Tubby

Canadian-based Diamond Fields, which is suing for US$19.5 million, alleges Trans Hex ignored a joint venture agreement between the companies when it suspended mining operations at the Marshall Fork deposit...

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