some background on beaufort group, page-2

Hangseng mentioned real estates getting ready for the action.

This article:
Karoo towns set to make a bomb
By Nicky Blatch
May 28 2006
davidrobertlewis.wordpress.com

She mentions the action they are predicting back in 2006 and the worry of global warming:

"The Karoo is believed to hold millions of tons of uranium worth hundreds of billions of rand which could be exploited as the world turns increasingly to nuclear power because of global warming.

Thirty years ago, the discovery of uranium in the heart of the Karoo sent prospectors flocking to towns near the border of the Eastern and Western Cape, from Aberdeen to Beaufort West, and further north and west.

But a drop in the price of uranium in the 1980s left the mineral untouched for decades, until now." etc

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Real estate investor/developer suggests:

"Beaufort West property developer Derick Welgemoed, a former municipal manager, is already planning ahead for the predicted boom that uranium will bring to the town by building Beaufort Wests first townhouse complex, and there are plenty of other developments in the pipeline."

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Johan Loock, honorary researcher in the University of the Free States geology department:

"Johan Loock has been involved with uranium studies in the area for about 14 years.

He said trial mines were set up in the 1970s at the farms Rystkuil and Rietkuil, near Beaufort West.

They mined a couple of thousand tons and sent them overseas to be processed, to see if uranium could be extracted." etc

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Comments:

Once again uranium mined in the past and the locals are gearing up for a influx of mining investment. Also the locals are making money by selling the mineral rights on their land.