Uranium Mining Projects In Tanzania: Progress...

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BAK

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Feb 11, 2007
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Cameco said uranium spot prices averaged $125.83 US per pound in the second quarter of 2007, compared to $43.42 US in the same quarter of 2006.

New hope for uranium wealth in Dar

By WILFRED EDWIN
Special Correspondent

Tanzania is set to experience a flurry of activities in its mining industry as recent explorations have identified uranium rich sandstone formations in the country.

Two foreign exploring companies — Uranium Resources Plc, a uranium mining company focusing on Southern Africa, and Australia-based Western Metals Ltd — said last week that “recent exploration results have been highly encouraging and indicate the economic potential of the region.”

The companies, currently undertaking a joint venture, Mtonya Uranium project in the country, said they had entered “a very exciting phase of exploration” for the mineral, whose world demand is outstripping supply.

The initial reconnaissance drilling at the Mtonya Uranium project has identified uranium hosted in sandstone units similar to those found at neighbouring Malawi’s Kayelekera uranium project.

Western Metals is listed on the Australian Stock Exchange, while Uranium Resources Plc is listed on the London Alternative Investment Market (AIM).

The joint venture says the initial first pass-drilling programme has “achieved its aim of identifying significant subsurface uranium mineralisation in the Mtonya JV licence areas.”

James Pratt, an official of Uranium Resources, told The EastAfrican from the United Kingdom last week: “The joint venture is now positioned to progress its exploration activities aggressively over the remainder of 2007 and beyond.”

Drilling will recommence in August with a view to further testing the anomalies and following up the initial results, and apart from the drilling, an extensive trenching, sampling and mapping programme will be undertaken.

According to Mr Pratt, uranium operations are complicated as safety and environmental precautions are involved, and as such, commissioning of the mines could take up to five years if all goes well. He said the project has already consumed about $1 million.

Dr Peter Kafumu, the Commissioner for Minerals at the Ministry for Energy and Minerals, confirmed last week that the companies have been granted uranium exploration licences and are currently engaged in uranium exploration.

Industrial sources say the present world demand for uranium is outstripping supply and about a third of annual demand for uranium is being met by declining inventories and Russia’s highly enriched uranium weapons decommissioning.

The Sydney-based Resource Capital Research sees a bullish outlook for the uranium market and has predicted that the uranium price will reach $125/lb this year and may escalate to $140/lb by September 2008.

The major application of uranium in the military sector is in making high profile weapons, whereas its main civilian use is to fuel commercial nuclear power plants. Experts say by the time it is completely fissioned, one kilogramme of uranium can theoretically produce about 20 trillion joules of energy, or as much electricity as 1,500 tonnes of coal.

Currently, 17 per cent of world electricity is generated through uranium, but still its demand is hardly met by the supply. Global electricity demand is growing rapidly. Even with effective energy efficiency programmes in developed countries, the International Energy Agency (IEA) expects global electricity consumption to double by 2030.

If indeed the uranium exploration develops into “full commodity availability,” it will definitely become one of Tanzania’s more important foreign exchange earners, analysts predict.

This prediction is bolstered by the fact that there has been little exploration for 25 years and no new mines built outside Canada for the past 20 years, and that there is not enough uranium capacity to satisfy existing plants — crucially, new uranium deposits need to be put into production now.

Experts say despite the favourable geology for uranium deposits and several known occurrences, the average historical expenditure on uranium exploration in Tanzania has been $4 per square km, compared with $16 per square km in the West Africa and $224 per square km in the United States.

They say Tanzania has also favourable regulatory and stable political conditions for exploration, as evidenced by the boom in its gold mining sector in the past 10 years as well as the strong investment in nickel, platinum and coal exploration.

Western Metals has an agreement with Uranium Resources plc including the Mtonya Project in Tanzania where it predicts it can earn 60 per cent profits by spending $4 million.

It also has a 42.5 per cent interest in an additional 10,413 sq km of tenements in Tanzania, bringing the license area to 13,851 sq km with a further 211 sq km under a 45 per cent joint venture.

George Bauk, Western Metal managing director, and Willie Rowe of Gryphon Management Australia said in an update announcement posted at the company’s website that the results of the reconnaissance are considered encouraging, and that “Western Metals is entering a very exciting phase of exploration in Tanzania.”

“Several anomalous areas identified will require further detailed exploration during the second half of 2007 including drilling and detailed airborne radiometric surveys. Assay results of samples and details of sites visited will be released when they are received.”

Uranium Resources has primarily concentrated on expanding and developing its portfolio of uranium licences in the highly prospective Karoo Basin in the Southern Tanzania where it currently has a land package in excess of 7,600 sq km.
 
Wamarekani vilevile wanafuatilia ishu hii.

Tanzania Prepares Policies For Uranium Mining

By Alisha Ryu
Nairobi
30 July 2007

Tanzania is expecting major new investments in its mining industry, following the discovery that the country is rich in uranium. As VOA Correspondent Alisha Ryu reports from our East Africa Bureau in Nairobi, the Tanzanian government faces the serious challenge of ensuring the uranium mined in Tanzania does not pose a threat to global security.


Two western companies - British-based Uranium Resources and Australia's Western Metals - say test results from their recent joint exploratory drilling in Tanzania show evidence of significant uranium deposits in the east African country.

The companies say they need to conduct more field research to be certain. But they say preliminary results are highly encouraging for the mineral, whose global demand is quickly outstripping supply.

If the deposits are found, Tanzania could join Namibia, Niger, and South Africa as an officially recognized uranium producing country.

Tanzania's Deputy Minister of Mining and Minerals William Gereja says he believes uranium could become one of the country's top mineral exports, alongside gold and diamonds. Tanzania is Africa's third largest gold producer, after South Africa and Ghana, and its mining sector contributes about two percent to the country's overall economy.

Gereja says the national goal is to have the mining sector account for 10 percent of Tanzania's Gross Domestic Product by the year 2025.

"This is good news," said Gereja. "Uranium is used for many industrial uses in the world and we expect that uranium in our country, Tanzania, would make us benefit a lot. We expect to raise revenues from this uranium mineral."

Uranium's civilian use is largely as fuel for electricity-generating nuclear power plants. These plants generate about 17 percent of the world's electricity.

Energy experts say global demand for power is growing every year, but there is barely enough uranium to fuel existing plants.

The military uses uranium as a key component in hardening tank armor and to make armor-piercing ammunition. Uranium can also be enriched to make radioactive bombs and nuclear weapons.

In recent years, Tanzania, which like many African countries is struggling to curb widespread corruption, has been a favorite transit point for smugglers.

In 2002, police in Tanzania seized 110 kilograms of uranium in plastic containers, ready to be sold. Among the five people arrested in connection with the case were four Tanzanians, including a government economist.

Three years later, Tanzanian customs officials discovered a huge shipment of uranium being transported from a mine in Congo Kinshasa to the Iranian port of Bandar Abbas, heightening western fears about the extent of Iran's nuclear weapons program.

Tanzania's deputy minister of mining and minerals insists if and when the country begins producing uranium, his ministry will enact necessary laws and establish safeguards to prevent the mineral from falling into the wrong hands.

Source: http://www.voanews.com/english/2007-07-30-voa45.cfm
 
Shughuli hiyoo inaanza.

Australian firm hits upon high grade uranium in Tanzania

THISDAY REPORTER
Dar es Salaam

AN Australian company, Mantra Resources, has announced the discovery of high grade uranium in its drilling work along the Mkuju River in southern Tanzania.

A statement by the company said drilling had ’’intersected multiple thick, high grade zones of sandstone-hosted uranium mineralization.’’

Assay results returned from a limited reverse circulation drilling programme conducted at the Nyota Prospect, located in the north-west of the Mkuju River Project area, have confirmed the presence of multiple stacked mineralized horizons, said the company’s media statement.

In a related development, a Canadian firm, Uranium Hunter Corporation, has announced that it has now commenced a preliminary field exploration programme on its Tanzania Ruhuhu Uranium Project.

’’The specific intention of the programme is to demonstrate the potential for REDOX style uranium mineralization on the Ruhuhu Project area,’’ said the Ottawa-based company.

After confirming 10 specific radiometric anomalies on the Ruhuhu Project from the report commissioned by Toronto-based consulting geophysicists PGW, Uranium Hunter said it has since moved forward on a specific field investigation of the basement and Karoo rocks of the Ruhuhu Project area.

The specific intention of the programme will be to identify uranium in the basement (uranium source for the Karoo sediments) and to find REDOX-type uranium in the Karoo Sediments.

’’With the success of Paladin’s Kaleyekara uranium deposit in Malawi, and the newly announced sandstone uranium discovery in the south-western region of Tanzania under the Mtonya Uranium Project, Uranium Hunter feels the potential for success in the region is quite high,’’ said the statement.

The company’s president, Adam Cegielski, was also quoted as saying that ’’management is highly encouraged by the recent findings in south-western Tanzania, and is working to expand its current programme as quickly as possible.’’

With the current programme underway, the company expects its initial geological report to be available to shareholders within the coming few weeks. Exploration is now well underway on both of Uranium Hunter’s Exploration projects in Uganda and Tanzania, the statement said.

Meanwhile, Peninsula Minerals announced that drilling has commenced at the Lupa gold project in south-western Tanzania, north of Mbeya.

A reverse circulation drilling programme is to test the gold in soil anomalies previously reported as occurring over a 5km x 2 km area, said a statement issued by the firm.

In October 2006, the company entered into a joint venture with Zari Exploration Limited (Zari), a private Tanzanian company, to explore for gold and other minerals on three
prospecting licences controlled by Zari in the Lupa Goldfield of south-west Tanzania.

The joint venture agreement gives Peninsula the right to earn a 75 per cent interest in the project, subject to a two per cent royalty, by free-carrying Zari to the end of a bankable feasibility study.

The tenements cover an area of 167 square kilometres on the eastern margin of the Lupa Gold field, which the statement described as the second largest goldfield in Tanzania.
 
Mungu atupe nini Jamani?
Issue ya mafuta imesahaulika? au bado mapipa kwa mapipa yanaenda kutestiwa nje?

Jamani jamani Tanzania,
kwa kasi ya madini nahisi itafika kipindi nchi yote itabinafsishwa kwa wawekezaji.
 
I hope Tanzania Government will ask for at least 10% Ownership, generous royalties, payment of taxes, good compensation for Tanzanians who have to move from their land and employment of educated Tanzanians on this project

Australian firm hits upon high grade uranium in Tanzania

THISDAY REPORTER
Dar es Salaam

AN Australian company, Mantra Resources, has announced the discovery of high grade uranium in its drilling work along the Mkuju River in southern Tanzania.

A statement by the company said drilling had ’’intersected multiple thick, high grade zones of sandstone-hosted uranium mineralization.’’

Assay results returned from a limited reverse circulation drilling programme conducted at the Nyota Prospect, located in the north-west of the Mkuju River Project area, have confirmed the presence of multiple stacked mineralized horizons, said the company’s media statement.

In a related development, a Canadian firm, Uranium Hunter Corporation, has announced that it has now commenced a preliminary field exploration programme on its Tanzania Ruhuhu Uranium Project.

’’The specific intention of the programme is to demonstrate the potential for REDOX style uranium mineralization on the Ruhuhu Project area,’’ said the Ottawa-based company.

After confirming 10 specific radiometric anomalies on the Ruhuhu Project from the report commissioned by Toronto-based consulting geophysicists PGW, Uranium Hunter said it has since moved forward on a specific field investigation of the basement and Karoo rocks of the Ruhuhu Project area.

The specific intention of the programme will be to identify uranium in the basement (uranium source for the Karoo sediments) and to find REDOX-type uranium in the Karoo Sediments.

’’With the success of Paladin’s Kaleyekara uranium deposit in Malawi, and the newly announced sandstone uranium discovery in the south-western region of Tanzania under the Mtonya Uranium Project, Uranium Hunter feels the potential for success in the region is quite high,’’ said the statement.

The company’s president, Adam Cegielski, was also quoted as saying that ’’management is highly encouraged by the recent findings in south-western Tanzania, and is working to expand its current programme as quickly as possible.’’

With the current programme underway, the company expects its initial geological report to be available to shareholders within the coming few weeks. Exploration is now well underway on both of Uranium Hunter’s Exploration projects in Uganda and Tanzania, the statement said.

Meanwhile, Peninsula Minerals announced that drilling has commenced at the Lupa gold project in south-western Tanzania, north of Mbeya.

A reverse circulation drilling programme is to test the gold in soil anomalies previously reported as occurring over a 5km x 2 km area, said a statement issued by the firm.

In October 2006, the company entered into a joint venture with Zari Exploration Limited (Zari), a private Tanzanian company, to explore for gold and other minerals on three
prospecting licences controlled by Zari in the Lupa Goldfield of south-west Tanzania.

The joint venture agreement gives Peninsula the right to earn a 75 per cent interest in the project, subject to a two per cent royalty, by free-carrying Zari to the end of a bankable feasibility study.

The tenements cover an area of 167 square kilometres on the eastern margin of the Lupa Gold field, which the statement described as the second largest goldfield in Tanzania.
 
...tunataka viongozi makini hapo ila kama ni wale waliosign za IPTL,Buzwagi,Richmond etc basi tumeliwa tena kama kawa na njaa itaendelea kutuchapa ile mbaya
 
Nadhani Karamagi kaisha andaa mihuri yake kwenye Jaketi tayari siku akitoka Merbone/Queensland mkataba tayali ulisha sainiwa

kwa ulaini ataeleza ilibidi awahi tusikose muwekezaji! teh teh teh teh..
 
"Tanzania is Africa's third largest gold producer, after South Africa and Ghana, and its mining sector contributes about two percent to the country's overall economy"
Hayo maneno yanauma,ni nchi ya tatu Africa kwa Gold ambayo inacontribute 2% in the country economy.
Tuombe mungu na iyo Uranium isije ingia kwenye mikono ya wajanja as it has always been the case
 
Rwabugiri said:
Nadhani Karamagi kaisha andaa mihuri yake kwenye Jaketi tayari siku akitoka Merbone/Queensland mkataba tayali ulisha sainiwa

kwa ulaini ataeleza ilibidi awahi tusikose muwekezaji! teh teh teh teh..
Click to expand...

jamani wacha nicheke kidogo hahahahahahaha hehehe

enewei nadhani umemkumbusha maana alikuwa anaogopa kurudia kosa..

Watanzania nadhani ifike mahala tuwe na mandate ya kuuliza masali magumu viongozi wetu na watoe majibi yasiyo ya kiubabaishaji. Na hii inadhihirisha kuwa tunahitaji mabadiliko makubwa ktk katiba yetu ili tujiweke sawa... maana si uranium tu bali hata madude mengine mithili ya tanzanite tunayo humu....

Juzi nilienda kununua shamba langu la kwanza huko mkoa wa pwani na nikakuta jirani na shamba langu kuna watafiti wanasaka wese (mafuta) chini ya ardhi hivyo ninapata picha jinsi tutakavyopigwa vikumbo na mikataba yenye utata....
 
Atomic signs letter of intent to acquire Tanzanian property package
Wednesday October 3, 9:45 am ET


TSX-V: ATL FRG: MJ7
VANCOUVER, Oct. 3 /CNW Telbec/ - Atomic Minerals Ltd. (TSX-V: ATL - News; "Atomic" or the "Company") is pleased to announce that it has signed an amended letter of intent (the "Amended LOI") with Geo Can Resources Company Ltd. ("Geo Can") to almost double the size of the land package in the United Republic of Tanzania to be subject to an option agreement (the "Option"), which the Company originally announced by news release dated July 25, 2007. The Amended LOI will permit Atomic to acquire under the Option up to a 90% interest in a land package now totalling approximately to over 1.45 million square acres (the "Property") divided into 10 separate licenses (the "Licenses"). The two companies have agreed to negotiate the Option based on the Amended LOI by November 15, 2007 subject to the results of Atomic's due diligence on the Property (including the preparation of a title opinion and a Technical Report pursuant to National Instrument 43-101) and TSX Venture Exchange ("TSX-V") approval.

The additional property which was added to those included in the original package are also located in southwestern Tanzania and are considered to be part of the Malawi Extension based on the location of the Property relative to blocks earmarked as potentially favourable for uranium enrichment. Other mining companies exploring in the area include Paladin Resources (Malawi), Universal Exploration and Western Metals (both in Tanzania). Located just 60 km from Atomics property PL4514 is Paladin's, Kayelekera Project. This project has a current resource of over 25,000,000 pounds of U3O8, and due to go into production in late 2008.

See Map http://atomicminerals.com/projects/tanzania/asp

In addition to the non-refundable deposit of US$65,000 which the Company already paid Geo Can on July 25th, Atomic paid Geo Can US$300,000 on execution of the Amended LOI as well as reimbursing Geo Can for land registration fees of US$42,000. The Option will still be for a term of four years and will include the following terms, all subject to TSX-V approval:


1) Atomic will make cash payments and issue common shares to Geo Can as
follows:

a) On closing of the Option Agreement (the "Closing"), US$300,000
and 800,000 common shares;
b) On the first anniversary of Closing, US$850,000 and
850,000 common shares;
c) On the second anniversary of Closing, US$1,050,000 and
1,050,000 common shares;
d) On the third anniversary of Closing, US$1,250,000 and
1,250,000 common shares; and
e) On the fourth anniversary of Closing, US$1,500,000 and
1,500,000 common shares.

Atomic may still elect to pay up to 75% of the value of the Atomic common
shares to be issued to Geo Can in cash on the same terms as were announced in
our July 25th news release. Atomic may also elect to exercise its option to
acquire 90% of any one or more Licenses within 90 days of any anniversary of
Closing. If Atomic so elects, it will pay the pro rata portion (based on the
number of square acres of the chosen Licenses) of all remaining cash and
common share payments, subject to the following deductions depending upon the
anniversary of Closing on which the election is made:

On or Before the First Anniversary of Closing: 50% deduction
On or Before the Second Anniversary of Closing: 30% deduction
On or Before the Third Anniversary of Closing: 10% deduction

The cash and share payments as well as the exploration requirements (see
(number sign)2 below) on the remaining unexercised Licenses will be reduced pro rata to
account for the Licenses on which Atomic exercised the option.

2) Atomic may elect to purchase the remaining 10% interest of any
Licenses at the following times and for the amounts per acre of land
in such License set out below:

a) On or before the first anniversary of Closing: US$1 per acre;
b) On or before the second anniversary of Closing: US$1.50 per acre;
c) On or before the third anniversary of Closing: US$2.00 per acre;
and
d) On or before the fourth anniversary of Closing: US$2.50 per acre.

3) Atomic must incur yearly minimum exploration expenditures on the
Property as follows:

a) By the first anniversary of Closing, US$350,000;
b) By the second anniversary of Closing, US$400,000;
c) By the third anniversary of Closing, US$600,000; and
d) By the fourth anniversary of Closing, US$750,000.

The Property will also be subject to a 2% NSR royalty, which Atomic may buy out at any time for US$5 million. In any year following Closing, Atomic may, on its election, surrender its interest in any one or more Licenses provided that the number of square acres of the Licenses surrendered in such year may not exceed 20% of the total square acreage of the Property. Upon surrender of any License, all rights thereto will immediately revert to Geo Can, and the remaining annual payments of cash and common shares set out under (number sign)1 below above will be reduced on a pro rata basis per acre of land surrendered.
About Atomic

Atomic Minerals has filed a Notice of Intent (see our news release dated September 25, 2007) to begin drilling on portions of the 932 claims it holds on the Dolores Anticline of southwestern Colorado. It has additionally secured another 1585 claims of the Anticline under a LOI (see our news release dated June 11, 2007). The total land package in Colorado will include over 2500 claims in the Dolores Anticline and 3 properties totalling 362 claims in Grand County, Colorado. The Dolores Anticline remains as one of the last salt anticlines of the Uravan Minerals Belt and Paradox Basin to be explored for uranium.


"Warren McIntyre"

Warren McIntyre
President and Chief Executive Officer
Atomic Minerals Ltd.


The TSX Venture Exchange Inc. does not accept responsibility for the
adequacy or accuracy of this press release.
 
Nchi inauzwa na wenyewe wenye kula na meno makali wakati wenyewe wenye nchi hata hawafahamu nini kinaendelea. HII KITU NI LAZIMA IISHE WHEN NOBODY KNOWS BUT SOON.
 
Just angalia malipo wanayolipwa hiyo kampuni nyingine.. halafu tafuta mkataba wao na wa serikali ya TAnzania..
 
Mzee Mwanakijiji

Hawa watu wanatuchukulia sisi ni mbumbumbu sana, hizi zitawatokea puani in no time. Kweli tumefika wakati utumbo kama huu unakubaliwa hata na wabunge? Hatuna option bali kutumia nguvu ya wananchi na hiyo ipo njiani tayari.

BTW Hivi zile nyumba walisema watajenga kule kwenye machimbo kwa raia ni 3 BRD houses (modern) with electricity, clean water and modern sewerage paid for all the life ya mgodi (i.e wananchi watakuwa hawalipii umeme na maji pamoja na repair za hizo nyumba etc.) pamoja na ku-sponsor all the children wa hizo sehemu hadi university level for the life ya mgodi pamoja na kuhakikisha employment kwa local personnel n.k. Kwa sababu wageni wanawaombea wasilipe PAYE sasa na wenye mali lazima iwe in the same levels or more au sivyo?
 
Jamaa wanaleta utani, yaani umeme wa maji unatoa kamasi, sembuse umeme wa nyuklia. Kwanza hatupo serious si unaona yale mambo ya Muhimbili!
 
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