State diamond miner to be restructured
Johannesburg - State-owned diamond
company Alexkor will restructure its focus of operations and management
to reap greater dividends, board chairperson Reginald Muzariri said on
Muzariri said the company had previously been in "limbo" because land restitution and claims had arrested active mining.
The company had transferred mining rights to the
Richtersveld community - its largest area of operations - and set up a
joint venture to be run by an independent board and management.
Alexkor would retain a 51% holding though as necessary skills and resources would still be needed.
"The Richtersveld Mining Company does not have the
business acumen... Someone needs to partner with the community,"
Alexkor would also expand its mining operations to the
broader South African regions, and look at possibilities in Angola, the
Democratic Republic of Congo and Zimbabwe.