OUR BUSINESS

Commdevco – creating community wealth beyond the life of mine

14.10.2014:

Commdevco is a special purpose vehicle on a mission to create value for the Richtersveld Community by providing access to the skills and capacity needed to evaluate and unlock opportunities in the non-mining activities in the region.

We work closely with the management of Alexkor and the Richtersveld Communal Property Association as the owners of the land and mining rights. Ours is a multi-tiered approach targeting, in the short term, low hanging opportunities in the mine supply chain that will enhance local economic value through community ownership and local job creation, and in the longer term, identifying new strategic industrial opportunities in the region.

Commdevco also focuses on increasing and aligning suppliers’ CSI spend towards projects that will have a sustainable, positive impact on the community.

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