A-Cap readies for uranium mining licence

Botswana Stock Exchange (BSE) listed mining company A-Cap Resources says it will soon apply for a mining licence for the development of the Letlhakane uranium project.

In its activities report for the quarter ended 30 September 2014, which was released yesterday, the company stated that it continues to progress the feasibility studies required to submit a mining licence application for the uranium project, in the first half of 2015.

A-Cap chief executive officer, Paul Thomson, stated that the company needed to prepare the project for early production in order to capitalise on a recovery in the uranium price.

Editor's Comment
Get back what was stolen, and lock the door

That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...

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