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Wednesday
Apr102013

Tanzania grants first uranium mining licence

The Tanzanian Ministry of Energy and Minerals granted its first uranium mining licence to Mantra Tanzania, a subsidiary of Australia-based Mantra Resources, Tanzania's The Citizen reported Tuesday (April 9th).

Mantra Resources is owned by Russian uranium company AtomRedMetZoloto (ARMZ), which will put the operation of the Mkuju River mining site under the control of Canada-based Uranium One, which ARMZ acquired in 2012.

ARMZ and its subsidiaries expect to produce 14,000 tons of uranium annually from the Mkuju River, which has measured resources of 36,000 tonnes of uranium and inferred resources of a further 10,000 tonnes.

To read this article in full please click here.

 

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