MINING SOUTH AFRICA
November 1st, 2002
BY RICHARD HURSTPRIVATISATION plans for the South African government owned gem-mining company Alexkor are moving ahead; Rain Zihlangu, its chief executive, said that the process has entered its final stage with bidders expected to submit proposals by November 28. The privatisation process is expected to see 51 per cent go to private investors, with the government retaining 39 per cent and the Alexander Bay Development Fund snapping up10 per cent. Zihlangu went on to add the he expects that the entire process will be completed by January 2003. He declined to name ...
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