Public Enterprises Committee expresses concern over Alexkor
The Portfolio Committee on Public Enterprises says State-owned diamond miner Alexkor is in trouble.
The committee was on Wednesday briefed by the Department of Public Enterprises (DPE) and Alexkor on progress made in addressing the miner’s governance challenges and financial performance.
In its questions, the committee expressed concern about the state in which the company finds itself. It is under administration and the committee indicated that it could not be “business-as-usual”.
The DPE told the committee that it had been informed in December 2018 that Alexkor was unable to pay salaries for the month and urgent financial assistance of about R5-million was requested.
The department informed the committee that during 2017 and 2018, it had received numerous complaints from mining contractors working with Alexkor, alleging that they had been unfairly excluded from the 2018 marine mining contracting cycle.
Meanwhile, at its next meeting with the committee, Alexkor will be required to submit a detailed document, rather than a bullet-point presentation, as presented on Wednesday.
The committee highlighted that it had asked the same questions of Alexkor before and that the mining company should have been better prepared to address those questions.
As part of committee’s oversight, members suggested an interaction with Alexkor’s stakeholders, including labour and the Richtersveld community, as the problems were complex.
This would enable the committee to make meaningful contributions.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
