While Alexkor, as a commercialized state asset, is not perceived as a strategic asset in the national sense, it has significant strategic importance for the Namaqualand region. The mining division is the core business of the company, exploiting a large land-based diamond resource and extensive diamondiferous marine deposits. The company has two divisions or business units, which are the Alexander Bay Mining (Alexkor RMC JV) and the Alexkor corporate unit. Alexkor is a listed schedule 2 public entity wholly owned by the government through the Minister of Public Enterprises being the shareholder representative. 116 of 1992, and amended by the Alexkor Amendment Act, No. Alexkor was established in terms of the Alexkor Limited Act, No.
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