EVENTS of the past year are ironic in that Delport has finally succeeded in dealing with the hoodoo that has stalked him since he started running Trans Hex - Angola - only to be let down by his South African operations. Interim results for the six months to end-October show rising production from the Somiluana mine that is expected to reach above 94,000 carats in the 2016 financial year. The Angolan mines were the only ones to show a profit as all the South African operations lost money with Delport commenting they are “nearing end of life in their current form”. Delport is now looking at speeding up the further expansion of Somiluana. What a change from the continual damage control of the past decade as Delport battled to clean up the mess created by predecessors Tokyo Sexwale and Calvyn Gardner. Much now depends on getting the Namaqualand operation acquired from De Beers right although a loss is expected for the 2016 financial year as the project is still in its start-up phase. Delport last year sized up another South African asset De Beers had put on the market - its remaining Kimberley operations – but lost out, yet again, to Petra, which has deeper pockets and acts faster.
LIFE OF LLEWELLYN
Delport is a true ‘Kaapenaar’ running Trans Hex from its head office in Cape Town, the city where he obtained a BSc in chemical engineering from the University of Cape Town followed by an MBA at that university’s Graduate School of Business. He worked for De Beers in Namibia and then for Anglo American where he was mine manager at the Namakwa Sands heavy mineral sands operation before joining Trans Hex as CEO in 2004.
- Web Address: www.transhex.co.za