Alexkor to Restructure, Eyes New Ventures in Southern Africa

Mining Weekly reported Alexkor said it will restructure in a bid to reap greater dividends from its current operations.

As quoted in the market news,

Chairperson Reginald Muzariri said the company was in an operational “limbo” with regard to its land-based mining rights, while a land restitution claim was being settled with the Richtersveld community.

During this time, Alexkor focused on its shallow-water marine operations off Alexander Bay, and by sweeping and reprocessing the tailings dump at its mine.

Click here to read the full  Mining Weekly report.