Uranium poised to trigger scramble

source: Mmegi

Australia-based A-Cap Resources is hoping to commission its uranium project in Letlhakane in 2011 at a time when a growing number of countries accept the use of the silver-grey mineral for power generation and are downscaling their proliferation policies, propelling its price up, writes THATO MOSEKI

For decades, Botswana has been renowned for its premier position in the production of high value diamonds, the country’s economic backbone. The country has also enjoyed the international spotlight for its massive coal reserves which are conservatively estimated at more than two hundred billion tonnes.However, an unglamorous and previously unexploited mineral is expected to trigger a stampede among investors and mining companies eager to leverage on its rising status as a cash commodity.

Uranium, chiefly used in [continue reading]

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