Govermate logoGovermate
Back to opportunities
DocumentNot applicableMedia statement

Message From The Ceo

Alexkor SOC LtdRef: https://alexkor.co.za/message-from-the-ceo/

Official source

Source domain: alexkor.co.za

Collected on 29 July 2026

Always confirm details on the official source before acting.

What this means

This document is a “Message from the CEO” on Alexkor SOC Ltd’s website, written by Prof Trevor Fowler (Interim Chief Executive Officer). It discusses the diamond market outlook, Alexkor’s performance and financial position for the review year (including sales, production, cash, and profitability metrics), and operational priorities such as restructuring, cost measures, contractor capacity, and updated revenue and sustainability policies. It also covers risk management, safety and security (including progress against illegal mining), environmental rehabilitation actions (including a February 2024 three-year service provider appointment), and staffing/capacity challenges, along with key challenges and opportunities and planned partnerships and projects.

Facts

Places

Northern Cape

Reference

https://alexkor.co.za/message-from-the-ceo/

Amounts

R 1 000 000 000, R 628 000 000, R 423 000 000

Parties

PSJV board

Key Takeaways

  • Author: Prof Trevor Fowler (Interim Chief Executive Officer)
  • Predicted diamond revenue increase: $2.43 billion (2023) to $2.59 billion (2024)
  • Alexkor global diamond production share: about 8%
  • Diamond sales: R1 billion vs budget R628 million
  • Carat production: 30 502 vs budget 34 000 (12% under budget)
  • Cash in hand at 31 March 2024: R423 million (R387 million rehabilitation guarantee)
  • Interest income: R47 million (up from R20 million in 2022/23)
  • Cost of sales: up 114% to R447 million; other operating expenses up 34%
  • Safety record: no fatality, serious incident, or disabling injury reported during the year
  • Illegal mining: reduced; last diamond theft reported in 2022/23
  • Environmental rehabilitation: service provider appointed February 2024 on a three-year contract
  • Environmental codes of practice drafted: 11 for land mining and 2 for beach mining during 2023/24
  • Planned 2024/25 diamond production budgets: land 10 906 carats; marine 10 073; beach 6 022
  • Partnerships: Sasol, Transnet, and Northern Cape Economic Development, Trade and Investment Promotion Agency
  • Boegoebaai harbour and green hydrogen initiative planned development start: 2027
  • Alexkor SOC Ltd
  • Prof Trevor Fowler
  • Interim Chief Executive Officer
  • Audit and Risk Committee
  • PSJV board
  • Executive Committee
  • Department of Mineral and Petroleum Resources (DMPR)
  • South African Police Service
  • South African National Defence Force
  • Auditor-General
  • Sasol
  • Transnet
  • Northern Cape Economic Development, Trade and Investment Promotion Agency
  • Municipality (town handover recipient)

Dates

Closing Date

31 March 2024