Koreans eye local uranium production

Friday, July 02, 2010

A Korean parastatal is targeting production from Botswana's pioneering uranium mine, the Letlhakane Uranium Project, whose resources are estimated at 158 million pounds (71 million kilogrammes).

The Project's developer, A-Cap Resources, recently inked a Memorandum of Understanding with the Korean Resources Corporation, a parastatal whose mandate is to develop domestic and international mineral resources.

According to A-Cap officials, under the MoU, KORES will "probe the potential to participate in the development of the Letlhakane Project, by itself or with the involvement of other Korean companies."

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Koreans eye local uranium production

A Korean parastatal is targeting production from Botswana's pioneering uranium mine, the Letlhakane Uranium Project, whose resources are estimated at 158 million pounds (71 million kilogrammes).