Chinese tycoon sinks P4m into Letlhakane uranium project
Friday, June 19, 2020
Earlier this year, He Jiandong, a Chinese engineering tycoon, successfully mounted a $5 million bid for control of A-Cap Resources, the firm developing the Letlhakane Uranium Mine near Serule, which is ranked in the world’s top 10 undeveloped uranium projects. A-Cap directors said the offer was unfair but reasonable, with shareholders voting in favour of the takeover late February.
A statement from the company this week shows that A-Cap retrenched some of its local staff and cut directors’ fees as well as any payments for services associated with directors, as a way of keeping afloat during the pandemic.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...