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    1. Invisible's Avatar
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      Default Russia moves to secure Tanzanian uranium reserves!

      By Barry FitzGerald | December 15, 2010

      RUSSIA'S state atomic energy corporation, Rosatom, has moved on ASX-listed Tanzanian uranium developer Mantra Resources with an agreed $1.16 billion takeover bid as part of its drive to double in size.

      The $8-a-share bid by Rosatom's mining arm, ARMZ, comes as the world's big nuclear groups seek to secure uranium reserves in support of their nuclear power station building programs for their own countries, as well as for countries that do not have the expertise.

      Mantra shares closed 34¢ higher at $7.92. While the market speculated on the potential for the Russians to get some competition from Chinese, Japanese or European nuclear groups, Mantra's share price indicated the ARMZ offer was fully priced.
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      The offer represents an effective $US10.26 a pound for the uranium resource that Mantra has outlined at its flagship Mkuju River uranium property in southern Tanzania. That compares with the average of $US12 a pound investors have been paying for established uranium producers but is up substantially on the $US2 a pound average being paid for explorers and would-be developers like Mantra.

      Mantra's major shareholder, with a 13.5 per cent shareholding, Highland Park, intends to accept the bid, in the absence of a higher offer emerging. The bid is subject to clearance from the Australian Foreign Investment Review Board. But given Mantra's African focus, that is not expected to be an issue. Mantra is also about 27 per cent on the Canadian market.

      ARMZ has a presence in Australia through its majority ownership of Canada's Uranium One, which owns a 51 per cent stake in the $138 million Honeymoon uranium project in South Australia, a joint venture with Japan's Mitsui & Co.

      Mantra chief executive Peter Breese said the offer from ARMZ was a compelling ''clean, all-cash offer''. He said that the premium to Mantra's pre-bid market price (21 per cent on the 30-day average) reflected the ''strategic significance'' of Mkuju River as well the ''current status of the project against the backdrop of a recent spike in the uranium price''.

      Uranium prices have risen from $US40 a pound to $US60 a pound as China has bought heavily before commissioning new nuclear power stations.


      Source: The Sydney Morning Herald
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    2. BONGOLALA's Avatar
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      Default Re: Russia moves to secure Tanzanian uranium reserves!

      mhhh cold war s coming in tanzania!will USA accept that move?

    3. Kachanchabuseta's Avatar
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      Default Re: Russia moves to secure Tanzanian uranium reserves!

      is our President alive?

    4. #4
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      Default Re: Russia moves to secure Tanzanian uranium reserves!

      Mzee mzima Invisible hii habari siiamini coz waliokuwa wanafanya study ya kuchukua hiyo uranium ni marekani na walikua wanatumia hammer kwenye mitaa ya karibu na huo mto kujivinjari wakati wa mapumziko.

      Kwa jinsi ninavyojua background ya kukua kwa urafiki wetu na Marekani ni kwa sababu ya hiyo uranium so siamini kabisa kama Russia wataambulia kitu hapo.

    5. Percival's Avatar
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      Default Re: Russia moves to secure Tanzanian uranium reserves!

      Tanzania iweke maslahi yake mbele. Hawa wote yaani Wamarekani, Warusi, Wachina, Wafaransa n.k ni watu watu wa maslahi tu hawana maana.

    6. Clean9

    7. Invisible's Avatar
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      Default Re: Russia moves to secure Tanzanian uranium reserves!

      Hii inahitaji maamuzi magumu na umakini mkubwa sana. Pesa kwa wakubwa hawa zipo; mkuu Mwana Ukweli, habari unaweza uiamini au usiiamini lakini mambo yatakuwa hadharani karibuni, labda mpaka magazeti yetu Bongo yaandike ndo utaamini
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      Default Re: Russia moves to secure Tanzanian uranium reserves!

      Somebody, Somewhere Once said Minerals in Africa is not a blessing but a wrath........ We have been here before...

      Je faida ya hii itamsaidia ndugu mkulima, ndugu mfanyakazi bila kumsahau ndugu mlalahoi na mmachinga....? With our previous contracts, I very much doubt it.

      We are just going to make some other few people 0.0000000000000000000000000000 000000001% of Tanzanians multi millionnaires while the other lot keep on suffering
      Last edited by VoiceOfReason; 15th December 2010 at 22:25.
      Even a Genius Asks Questions....

    9. #8
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      Default Re: Russia moves to secure Tanzanian uranium reserves!

      Quote By Invisible View Post
      Hii inahitaji maamuzi magumu na umakini mkubwa sana. Pesa kwa wakubwa hawa zipo; mkuu Mwana Ukweli, habari unaweza uiamini au usiiamini lakini mambo yatakuwa hadharani karibuni, labda mpaka magazeti yetu Bongo yaandike ndo utaamini
      Sasa hawa vilaza wetu wa tanzania wana mpango gani au ndo tutauza bila manufaa kama gold?
      Ingekuwa heri sana kama mkataba ungeambatana na kujengewa kinu cha nuclear power ili kumaliza tatizo la umeme.

      Akipewa Russia au Mmarekani siyo mbaya maana wote wana kura ya VETO kwenye security council so itakua rahisi kutupigia kampeni tuweze kuruhusiwa kumiliki nuclear power but hapo inatakiwa serikali iwe very strong ikishindikana ni bora yasiuzwe.

      Tumechoka na uhuni wa hii mikataba...gas ipo nchini kwetu mmiliki ni nchi nyingine!

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      Default Re: Russia moves to secure Tanzanian uranium reserves!

      Quote By mwana ukweli View Post
      Mzee mzima Invisible hii habari siiamini coz waliokuwa wanafanya study ya kuchukua hiyo uranium ni marekani na walikua wanatumia hammer kwenye mitaa ya karibu na huo mto kujivinjari wakati wa mapumziko.

      Kwa jinsi ninavyojua background ya kukua kwa urafiki wetu na Marekani ni kwa sababu ya hiyo uranium so siamini kabisa kama Russia wataambulia kitu hapo.
      Mkuu hivi hujui kuwa hata Wa-Russi wanatumia Hummer pia?

      Inawezekana kabisa uliona gari hii hapa chini (GAZ Tigr)
      http://www.team-bhp.com/forum/intern...gaz-tiger.html

      Halaf kwa kuongezea tu wa-Russi ni wajanja kwenye ku-clinch ma-deal makubwa si unakumbuka walivyowatesa wa-Ingereza na wa-Marekani kwenye deal la ku-host kombe la Dunia....
      Last edited by Bantugbro; 15th December 2010 at 23:20.
      Just because presidents screws around, it doesn't make a president for screwing around..

    11. mtemiwao's Avatar
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      Default Re: Russia moves to secure Tanzanian uranium reserves!

      Tuombe mungu tu ndg zangu maana kwa viongozi tulionao hawa wa ten % sijui kama tutapita salama

    12. Saint Ivuga's Avatar
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      Default Re: Russia moves to secure Tanzanian uranium reserves!

      duh!! tutapona kweli?
      JF the best place to be. and the POWER of God be with us all the time.

    13. Invisible's Avatar
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      Default Re: Russia moves to secure Tanzanian uranium reserves!

      Quote By mwana ukweli View Post
      Mzee mzima Invisible hii habari siiamini coz waliokuwa wanafanya study ya kuchukua hiyo uranium ni marekani na walikua wanatumia hammer kwenye mitaa ya karibu na huo mto kujivinjari wakati wa mapumziko.

      Kwa jinsi ninavyojua background ya kukua kwa urafiki wetu na Marekani ni kwa sababu ya hiyo uranium so siamini kabisa kama Russia wataambulia kitu hapo.
      Mkuu habari zinaendelea kusambaa:

      Mantra board backs offer from Russia's ARMZ Uranium

      By Michael Bennet | The Australian | December 15, 2010

      URANIUM miner Mantra Resources has agreed to a $1.16 billion offer from Russia's ARMZ Uranium Holding Co.

      Perth-based Mantra, which is focused on its flagship Mkuju River project in Tanzania, said today ARMZ has offered $8 per share cash - a 5.5 per cent premium to yesterday’s closing price of $7.58.

      Shares in Mantra jumped 4.49 per cent at $7.92 at today’s close.

      Mantra, advised by RBC Capital Markets, has recommended the scheme of arrangement and said the deal of $US10.26 per pound of resource values the company significantly higher than other substantial uranium developers.

      Mantra said Highland Park SA, which owns 13.5 per cent of its outstanding fully diluted share capital, has said it would vote in favour of the deal in the absence of a superior proposal.

      Subject to an independent expert determining the scheme is in the best interests of shareholders, Mantra’s board has agreed to unanimously recommend ARMZ’s offer.

      ARMZ, advised by BMO Capital Markets, is the world’s fifth-largest uranium producer.

      “This clean, all-cash offer from ARMZ is compelling and reflects both the strategic significance of this asset as well as the current status of the project against the backdrop of a recent spike in the uranium price,” said Mantra CEO Peter Breese.

      “The offer crystallises immediate value for Mantra shareholders, providing them with the certainty of cash.”

      The director-general of ARMZ, Vadim Zhivov, said the Mkuju River project was a world-class deposit that, along with its other assets, would complement its portfolio of assets.

      The scheme is conditional upon the approval of Australia’s Foreign Investment Review Board, but no further due diligence is required.
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    14. Mtazamaji's Avatar
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      Default Re: Russia moves to secure Tanzanian uranium reserves!

      Quote By Ivuga View Post
      duh!! tutapona kweli?
      Kuna balozi wa Norway aliwai kusema anaihurumia Tanzania sababu kasi ya uvumbuzi wa madini inayoendelea inaweza kusababisha vita. Akasisitiza ni kutokana na kutokuwepo viongozi bora na sera bora za hayo madini kuwasaidia wananchi.

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      Default Re: Russia moves to secure Tanzanian uranium reserves!

      Quote By Mtazamaji View Post
      Kuna balozi wa Norway aliwai kusema anaihurumia Tanzania sababu kasi ya uvumbuzi wa madini inayoendelea inaweza kusababisha vita. Akasisitiza ni kutokana na kutokuwepo viongozi bora na sera bora za hayo madini kuwasaidia wananchi.
      definetly mkuu hii kitu inaweza kutokea kweli..viongozi wenyewe wabembeaji hawa. Haya mataifa makubwa yatatutengenezea zengwe tuuane aisee
      JF the best place to be. and the POWER of God be with us all the time.

    16. Invisible's Avatar
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      Default Re: Russia moves to secure Tanzanian uranium reserves!

      Na wakati huo huo mahitaji ya Uranium yameongezeka kwa kasi!

      Uranium Ticks Higher

      By Greg Peel | 14/12/2010

      A bit of urgency entered the spot uranium market last week as a group of sellers from both the producer and speculator stables looked to offload U3O8 before year-end. Eight transactions saw a total of just over one millions pounds change hands but as industry consultant TradeTech reports, the buyers were undeterred.

      By week's end the spot price was pushing higher once more, with TradeTech's indicative price up US25c for the week to US$60.50/lb. The mid and long term prices remain at US$62 and US$65 respectively.

      Last week's volume brought the year-to-date total to 41.6m pounds of U3O8 equivalent. With three weeks to go, that's already a record. It is testament to the bubble-and-bust mirage that was 2007 that the previous record was not set in this tumultuous year but all the way back in 1990, when 40.6m pounds changed hands.

      One assumes 1990 represents the last time there was a burst of reactor building activity, with Europe in the fore back then. We now have another burst – this time out of Asia most specifically – leading to increased demand which is now “real” rather than speculative as was the case in 2006-07.


      Source: Uranium Ticks Higher
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    17. Bantugbro's Avatar
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      Default Re: Russia moves to secure Tanzanian uranium reserves!

      Hiyo deal ni ya kule Namtumbo, bado kuna proven reserves/deposits kubwa zaidi maeneo ya Bahi/Manyoni ambayo nayo itaanza kuchimbwa mwakani na kampuni ya Uranex..

      Taarifa zaidi juu ya Uranium yetu zinapatikana hapa chini:
      New Uranium Mining Projects - Africa
      Just because presidents screws around, it doesn't make a president for screwing around..

    18. Keynes's Avatar
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      Default Re: Russia moves to secure Tanzanian uranium reserves!

      Mi najiuliza debate za kuuza uranium ya Tanzania zinafanyika kati ya Mantra na Rosatom kimya kimya...
      SISI SERIKALI YETU IPO WAPI?

      Non renewable resources zinazidi kupotea tu bila manufaa yoyote zikiisha ndo tutakula nyasi.

    19. Nyambala's Avatar
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      Default Re: Russia moves to secure Tanzanian uranium reserves!

      Quote By mwana ukweli View Post
      Mi najiuliza debate za kuuza uranium ya tanzania zinafanyika kati ya Mantra na Rosatom kimya kimya... SISI SERIKALI YETU IPO WAPI?

      Non renewable resources zinazidi kupotea tu bila manufaa yoyote zikiisha ndo tutakula nyasi.
      Mkuu kwenye ubepari, your number of shares is your number of votes!!!!

    20. Wacha1's Avatar
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      Default Re: Russia moves to secure Tanzanian uranium reserves!

      Quote By Percival View Post
      Tanzania iweke maslahi yake mbele. Hawa wote yaani Wamarekani, Warusi, Wachina, Wafaransa n.k ni watu watu wa maslahi tu hawana maana.
      Unapokuwa na rais Mwizi unategemea nini? This country need changes now rather than later wakati mautumbo yote haya yanaendelea.
      TANESCO hawashindwi kununua mitambo yao Kama kweli Dowans siyo ya JK ataifishe mitambo hiyo kwa sheria ya uhujumu awafilisi RA, EL vile vile awachukulie hatua waliokwapua fedha BOT

    21. #20
      BAK's Avatar
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      Default Re: Russia moves to secure Tanzanian uranium reserves!

      Quote By Invisible View Post
      Mkuu habari zinaendelea kusambaa:

      Mantra board backs offer from Russia's ARMZ Uranium

      By Michael Bennet | The Australian | December 15, 2010

      URANIUM miner Mantra Resources has agreed to a $1.16 billion offer from Russia's ARMZ Uranium Holding Co.

      Perth-based Mantra, which is focused on its flagship Mkuju River project in Tanzania, said today ARMZ has offered $8 per share cash - a 5.5 per cent premium to yesterday’s closing price of $7.58.

      Shares in Mantra jumped 4.49 per cent at $7.92 at today’s close.

      Mantra, advised by RBC Capital Markets, has recommended the scheme of arrangement and said the deal of $US10.26 per pound of resource values the company significantly higher than other substantial uranium developers.

      Mantra said Highland Park SA, which owns 13.5 per cent of its outstanding fully diluted share capital, has said it would vote in favour of the deal in the absence of a superior proposal.

      Subject to an independent expert determining the scheme is in the best interests of shareholders, Mantra’s board has agreed to unanimously recommend ARMZ’s offer.

      ARMZ, advised by BMO Capital Markets, is the world’s fifth-largest uranium producer.

      “This clean, all-cash offer from ARMZ is compelling and reflects both the strategic significance of this asset as well as the current status of the project against the backdrop of a recent spike in the uranium price,” said Mantra CEO Peter Breese.

      “The offer crystallises immediate value for Mantra shareholders, providing them with the certainty of cash.”

      The director-general of ARMZ, Vadim Zhivov, said the Mkuju River project was a world-class deposit that, along with its other assets, would complement its portfolio of assets.

      The scheme is conditional upon the approval of Australia’s Foreign Investment Review Board, but no further due diligence is required.

      As a Country, how do we benefit from this deal? Maana naona Wakuu wako kimyaaaaaaa! isije kuwa wameshakatiwa % zao.
      Let your graceful words fly out into the World, carried on winds of courage, imagination and joy. Let them inspire others to step into action

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