Letlhakane uranium mine project deferred

Glut: Global resources of uranium are said to be more than adequate to satisfy reactor requirements to well beyond 2035
Glut: Global resources of uranium are said to be more than adequate to satisfy reactor requirements to well beyond 2035

Promoters of Botswana’s first uranium mine, A-Cap Resources say the Letlhakane project will be delayed for two years largely due to the slow recovery in the price of the commodity on the international markets.

Construction of the mine was expected to start in 2018 after A-Cap Resources was awarded a 22-year mining licence in September 2016.

In a statement, the Botswana Stock Exchange (BSE) listed company said the deferment has been triggered not only by the delayed recovery in uranium prices but also the implementation of a project to improve mineral recovery at Letlhakane.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

Have a Story? Send Us a tip
arrow up