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A-CAP Resources pushes Letlhakane Uranium project to Q3 2021

Australian Resource Company, A-CAP Energy Limited; a  mineral  exploration outfit, is currently developing the base load Letlhakane Uranium Energy Resource Project, which has signaled yet another delay in the pre-construction and construction of what is anticipated to be one of Botswana‘s rarest mineral extraction undertakings.

In a statement issued this week, the BSE and Australian Securities Exchange listed outfit said it completed the Bankable Feasibility Study process in 2014 and was initially expecting first production 2015; however regulatory delays pushed the production timelines to 2018. The company then revised their construction targets to the last quarter of 2018, after government awarded them a 22 year mining license in September 2016.

On the 10th of July 2017, A-Cap filed a regulatory requirement with the then Ministry of Minerals Energy and Water Resources, Department of Mines, advising that the preconstruction and construction period of the Letlhakane Uranium project would be delayed by two years.
In the letter, the company informed Department of Mines of the delayed recovery in the price of uranium, coupled with staged project optimization work currently being undertaken by the Company aimed at improving recovered uranium grade and reduces U3O8 process costs, focusing on acid supply and consumption. These factors would therefore affect the target timelines as set out in the Company’s mining license application.

A-Cap, then received correspondence from The Botswana Minister of Mineral Resources, Green Technology and Energy Security on 20 September 2017, formally advising the Company that the amendment to the programme of works for Mining License 2016/16L was approved.
Then a report by World Nuclear Association, also signaled that uranium production was on an upward trajectory, having reached 62,221tU in 2016, and according to the report, known global resources of uranium are more than adequate to satisfy reactor requirements to well beyond 2035.

On Wednesday 21 August 2019, A-Cap announced that in April this of year, they submitted another letter to Department of Mines requesting further amendment to the commencement of the pre construction and construction period by 2 years. “On Tuesday 20 August 2019, we received confirmation by letter from the Botswana Mineral Resources, Green Technology and Energy Security that the amendment was approved” said A-Cap in a statement.

According to the company, the amended date for the commencement of the pre-construction and construction period is 30th October 2019.  In their 31st July 2019 quarterly report, A-Cap noted their Letlhakane Uranium Project remains an important project asset within the diversified minerals strategy. “While the nuclear industry is confident in the long-term fundamentals of uranium and nuclear power, there is less certainty in the short term with industry expectation that the market will gradually move towards balance from calendar year 2025” said  Paul Ingram, A- Cap deputy Chairman.

The Letlhakane Uranium Project, is one of the world’s largest global top 10 undeveloped Uranium Deposits. The Project lies adjacent to Botswana’s main North-South infrastructure corridor that includes a sealed all-weather highway, the A1 road, railway line and the national power grid, all of which make significant contributions to keeping the capital cost of future developments low.

A mining License application for PL 45/2004 –Letlhakane, was submitted to the Botswana Department of Mines based on the results of a technical study and financial modeling. The technical study was based on shallow open pit mining and heap leach processing to produce up to 3.75 million pounds of uranium per annum, over a mine life of 18 years.

The study incorporated the most up to date metallurgical results and process route, optimized mineral resources, mining, capital and operating costs developed by our feasibility specialists in Australia and internationally. The technical study confirmed that the Project has the right mix of a good resource, low capital and operating costs and is well positioned to be taken into early production in line with forecast rising uranium price. A-Cap‘s diversified minerals strategy also encompasses the exploration and acquisition of nickel cobalt projects to supply cathode materials to the global EV battery industry.

A-Cap is the first company to produce a JORC compliant uranium resource in Botswana and the Company firmly believes that as further exploration capital is spent in country, it will become a significant contributor to the world uranium inventory. The Company’s 100% owned Letlhakane Uranium Project, is located in northeast Botswana and has a recently upgraded JORC compliant resource of 351 Mlbs U₃O₈ (at a 100ppm cut-off) – an increase of 35%.

Within this global resource, a higher-grade resource has been defined of 143.2 Mt at 284ppm U₃O₈ for a contained 89.7 Mlbs U₃O₈. This Resource increase comfortably positions the Letlhakane Project well within the top ten undeveloped uranium deposits in the world, and has cemented A-Cap on its road to production.

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Business

Food prices continue to rise, but at a slower rate

28th November 2022

Prices for cereals or staple foods in Botswana and other Southern African countries continue to rise at a slower pace, following trends in the global markets, according to the latest November 2022 Food Price Monitoring and Analysis by Food Agricultural Organization (FAO) of the United Nations.

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Business

Still doing business the old way?

18th November 2022

It’s time to get business done better with MTN Business Botswana’s ICT Solutions.

Running a digital businessMTN Business Solutions Botswana, popularly known as MTN Business is an Internet Service Provider. We are a subsidiary of MTN Group Limited, a multinational telecommunications Group headquartered in South Africa, which operates in 19 markets across Africa and the Middle East.

More and more, clients are looking for ways to keep their staff productive in a dynamically changing business environment. Whether your people are working from home, the office or abroad, there is a growing recognition that digitising your operations can offer unprecedented commercial value in flexibility, productivity and growth. This new, digital reality means that it is more important than ever to stay agile – if there is anything that can slow a business down, it is being burdened by othatld technology.

Having made substantial investments in fibre technology, high-speed terrestrial and undersea networks and new frequency spectrum across the markets wherein it operates, MTN is perfectly positioned to respond to this shift in the market.

A few years ago, MTN also made the decision to build an IP capable radio network for its mobile services, giving its core network the ability to seamlessly integrate with enterprise IP networks. The mobile towers deliver services to enterprise clients absolutely anywhere it has a network, shortening the last mile and removing complexity and cost.

Now there is increasing demand from clients to connect their remote sites in all areas, including rural and semi- rural. MTN has assisted clients with overcoming this connectivity hurdle, enabling their staff to get the job done wherever they are.
MTN’s evolution

For MTN, the focus has shifted from just being a core telecommunications services provider, towards also becoming a technology solutions provider. The service offering now also includes Unified Communications, Data Hosting and Cloud Solutions, Security-As-A-Service and Managed Network Services. The scope has changed to being client and industry specific, so the requirements and service portfolio vary from one client to the next. The expectation is that a company like MTN must respond to these challenges, helping clients to get business done better as they shift from old to new technologies.

As many businesses continue to grapple with a digitally dynamic world, they face new challenges that have to be solved. This environment will benefit those that are more digitally enabled and agile. It is a brave new world that will favour online over on-site, wireless over wired and fluid over formulaic. Businesses will seek out partners and suppliers that are every bit as flexible and forward-looking as they are.
Ultimately, clients need partners like MTN Business that will invest in infrastructure, deliver the services they require, have market credibility, are financially sound and have a long-term commitment to their market presence.

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BIE to vitalize the Dignity of Engineers

9th November 2022

Botswana Institution Of Engineers (BIE), has last week hosted a gala dinner in  which they appreciated engineers who worked tirelessly and with dedication for 10 years from 1983 to steer the BIE to its current status.

The event that was held at the Phakalane Golf Estate had brought together young, experienced and veteran engineers and was held under the theme “Vitalize the dignity and eminence of all professional engineers”.

Explaining the theme, the institution’s treasurer, Thanabalasingam Raveendran said that engineers were looked upon reverentially with respect as the educated but with time it seems to have deteriorated. He indicated that there is a need to change the narrative by all means.

“The BIE exists for the welfare and the betterment of us Botswana engineers, we need to recognize specialised units within our Institution. We Engineers strongly believe in Engineers make it happen” Raveendran said.

He indicated that under the theme they appeal to all engineers to energize, to attain quality of being worthy of honour and respect and to achieve recognized superiority amongst the Society.

Raveendran stated that engineers need to ensure their end product is of good quality satisfying the end users expectations and engineers must be honest in their work.

“Approximately 8000 engineers registered with Engineering Regulatory Board (ERB) are not members of the BIE, engineers need to make every effort to recruit them to BIE” he said.

He alluded that BIE being a society, it currently needs to upgrade itself at par with professional institutions elsewhere like the UK and USA.

He further stated that BIE has to have engineering units of specialised disciplines like Civil/Mechanical/electrical etc

“As President Masisi indicated in his inaugural speech, the young people, who make 60 percent of the population of this country, are the future leaders and therefore investing in them is building the bridge to the future” said Raveendran

Kandima indicated that BIE has a memorandum of Understanding with Engineers Registration Board (ERB), where BIE is a recognised provider of CPD training, mentorship programmes and more importantly IPD undertaking to upgrade the skills and know-how of our engineers.

“For us to achieve our mandate and make worthwhile changes to engineering in Botswana, we have to be totally focused and act with intent” said Kandima.

Furthermore, Stephen Williams, past president of the BIE from 1986-1988 told the engineers that  the BIE provides a fertile environment where they can meet, share ideas and grow professionally.

“The BIE is also a nesting place for graduate engineers to learn from their peers and seniors, it also cater for engineering technicians and technologists and so nobody in the technology field is left out” he said.

He further indicated that Botswana Government provides a conductive environment for growth of engineering professionals.

“It must be stated that the Botswana Government recognises the existence of BIE and it can further be stated that the government enables ERB to carry out its mandate as a regulator of engineering professionals” said Williams

He plead with engineering companies to recognize and support BIE as it is the only source of engineering personnel’s for various Industries .

Furthermore, when giving his farewell speech, Michael Pinard , a past president of the institution  said how they are viewed as engineers by the general public might be due to some lack of appreciation as to exactly what role they play in the development of the country.

“The BIE slogan is aptly coined-Engineers make it happen, in other words, what man dreams engineers create” Said Pinard.

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