DIAMOND MINING
January 1st, 2003
BY RICHARD HURSTSOUTH African diamond mining company Trans Hex has announced that it is to embark on a US$30 million diamond project in Angola. Calvyn Gardner, chief executive of the group, said that the mining industry is a primary mechanism to get the south-west African country's economy up and running, as it emerged from a long civil war.Trans Hex will be developing two alluvial assets in the diamond rich Lunda Norte province, roughly 1,000 km east of the capital Luanda. The two projects, Luarica and Fucauma, were the first to be approved by Angola's new ...
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