Friday 8 April 2011

Who is Shiva Uranium?

In My last article we saw how Uranium one in Dominion reefs practiced unethical mining practices and left the Haartebeesfontein areas like Dominionville in devastation. the company claimed their mining operations were not profitable, amaizingly Shiva Uranium has shown interest in buying the mine. now the question that comes from peoples minds is Who is Shiva uranium?

Oakbay Resources and Energy PTY LTD has led to the formation of Shiva Uranium. Oakbay which is 85% owned by Oakbay Investments and 15% owned by Mr. Agarwal of action Group based in India negotiated the business deal with Uranium One on December 2008, and that deal was finalised on May 2009, and the purchase was made on April 14, 2010.

A consortium of black investors acquired 26% of Shiva Uranium from Oakbay Resources and Energy. The consortium includes Mabengela investments PTY LTD, headed by Duduzane Zuma (Jacob Zuma's son), the Umkhondo we Sizwe war veterans andwomens group. Duduzane Zuma is on the board of directors which is chaire by Atul Gupta, who has a wide range of businesses in South Africa.

Boards of directors

Shiva Uranium:
Board of directors: Rajesh Gupta, Atul Gupta, Duduzane Zuma and Lazarus Zim with 26% stake

Islandside Investments 254
board of directors: Duduzane Zuma, Atul Gupta with 26% stake

Mabengela Investments
Board of directors: Duduzane Zuma with less that 50% of the investment company and his friend Rajesh Gupta owning between 20% and 26%

The question now is who owns Shiva?

Is it Oakbay Resources and Energy PTY LTD, Islandside Investments 254 or Mabengela investments, but the reality is this is the face of Siva Uranium. Who is fooling who?

   

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