Mmegi

French uranium giant targets 15,000km² exploration

Seeking opportunities: Orano is the world’s second largest producer of uranium PIC: MARIO FOURMY
Seeking opportunities: Orano is the world’s second largest producer of uranium PIC: MARIO FOURMY

Orano, the world’s second largest uranium producer, is awaiting the approval of 15,000 square kilometres of prospecting licences in Gantsi District and has registered a local subsidiary as part of plans to fast-track development in the country.

Senior officials confirmed to BusinessWeek that the group, which is 90% owned by the French government, is moving ahead with various activities geared at kickstarting exploration activities in the country.

“Orano has submitted applications for exploration permits in the Ghanzi District to the Department of Mines of the Ministry of Minerals and Energy of Botswana,” Gwénaël Thomas, Orano’s press office manager said in a written response on Tuesday. “A total of 15 exploration permits located in the Gantsi district, covering an area of 15,000km², are currently under review. “The first exploration operations will begin as soon as the necessary authorisations have been granted by the administrative authorities.”

Editor's Comment
Let the courts follow the money

“Law and order are the medicine of the body politic and when the body politic gets sick, medicine must be administered.”– B.R. AmbedkarThe amount of money at play threatens to test the integrity of the country’s financial system, giving more reason to why the courts must be fully given leeway to lean on the matter and reach a conclusion.Botswana has spent decades building her reputation as a stable and credible financial jurisdiction.The...

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