Dismiss Notice
You are browsing this site as a guest. It takes 2 minutes to CREATE AN ACCOUNT and less than 1 minute to LOGIN

Uranium One’s Tanzanian unit hoped to start building its Mkuju River uranium mine in 2013

Discussion in 'Jukwaa la Siasa' started by R.B, Oct 24, 2012.

  1. R.B

    R.B JF-Expert Member

    #1
    Oct 24, 2012
    Joined: May 10, 2012
    Messages: 5,513
    Likes Received: 606
    Trophy Points: 280
    ARUSHA, Tanzania – Uranium One's Tanzanian unit said it hoped to start building its Mkuju River uranium mine in 2013 and that, once completed, it would propel the east African country into the world's top ten uranium producers.

    [​IMG]

    Mantra Tanzania's managing director Asa Mwaipopo

    Mantra Tanzania's managing director Asa Mwaipopo said on Wednesday the Mkuju River project in southern Tanzania had an updated resource of 119.4 million pounds of uranium.
    "It will take a two-year period for completing construction work before we start to produce uranium oxide. Tanzania will become number 3 in Africa in uranium production after Niger and Namibia," Mwaipopo told a mining and energy conference in the northern Tanzanian town of Arusha.
    "We think we can be the first uranium mine in Tanzania and position Tanzania into the top 10 uranium producing countries globally."
    Toronto-listed Uranium One is the operator of the Mkuju River project, which is owned by the Canadian uranium producer's majority shareholder, Russia's JSC Atomredmetzoloto (ARMZ).
    ARMZ acquired the Mkuju River project when it bought Mantra Resources last year for around $1 billion. Uranium One has the option to purchase the project and the company aims to buy the asset by mid-2013.
    "The project will provide direct and indirect cash flows in Tanzania in excess of $640 million and will provide foreign direct investment (FDI) in excess of $1 billion or equivalent to 4.76 percent of Tanzania's GDP," said Mwaipopo.
    Mwaipopo said the project had been delayed by cumbersome regulatory licensing procedures.
    Environmental groups had opposed the mine's construction in a world heritage game reserve. Tanzania received U.N. approval for the project to proceed in July.
    The project is awaiting an environmental impact assessment certificate and final approval from Tanzania's ministry of energy and minerals.
    Tanzania's ministry of natural resources and tourism is also still to give the nod for the proposed uranium mine to operate in the Selous game reserve, but Mwaipopo said the approval was expected soon.
    Mantra said the company was also in talks with the Tanzanian government about provisions of the country's new mining legislation, which requires the state to own a stake in strategic mining projects.
    He said the grade of the Tanzanian uranium resource was 297 parts per million, with the mine estimated to have a life of 12 years when constructed.
    Tanzania's deputy energy and minerals minister, George Simbachawene, told the conference earlier on Wednesday the government wanted to increase the contribution of the mining sector to 10 percent of the GDP by 2025 from 3.3 percent last year.
    Australian-based uranium exploration and development company, Uranex, is also prospecting for uranium in south-west Tanzania.
    Tanzania, Africa's fourth-largest gold producer also has substantial deposits of coal, nickel, iron ore, diamond and gemstones.
     
  2. J

    John W. Mlacha Verified User

    #2
    Oct 24, 2012
    Joined: Oct 4, 2007
    Messages: 3,497
    Likes Received: 510
    Trophy Points: 280
    top ten producer???? So what???
     
  3. SHERRIF ARPAIO

    SHERRIF ARPAIO JF-Expert Member

    #3
    Oct 24, 2012
    Joined: Aug 25, 2010
    Messages: 6,382
    Likes Received: 1,157
    Trophy Points: 280
    Hakuna jipya hapa. Nchi itaingizwa mikataba ya ajabu kama ile ya migodi ya dhahabu. Wachimbaji/wawekezaji kutolipa kodi na kuchukua 97% ya kinachopatikana, serikali yenu kuambulia 3%.
     
  4. C

    Che-lee JF-Expert Member

    #4
    Oct 25, 2012
    Joined: Jun 10, 2011
    Messages: 319
    Likes Received: 0
    Trophy Points: 0
    Top News

    Wed, Oct 24 10:41 AM EDT

    By Fumbuka Ng'wanakilala

    ARUSHA, Tanzania (Reuters) - Uranium One's Tanzanian unit said it hoped to start building its Mkuju River uranium mine in 2013 and that, once completed, it would propel the east African country into the world's top ten uranium producers.

    Mantra Tanzania's managing director Asa Mwaipopo said on Wednesday the Mkuju River project in southern Tanzania had an updated resource of 119.4 million pounds of uranium.

    "It will take a two-year period for completing construction work before we start to produce uranium oxide. Tanzania will become number 3 in Africa in uranium production after Niger and Namibia," Mwaipopo told a mining and energy conference in the northern Tanzanian town of Arusha.

    "We think we can be the first uranium mine in Tanzania and position Tanzania into the top 10 uranium producing countries globally."

    Toronto-listed Uranium One is the operator of the Mkuju River project, which is owned by the Canadian uranium producer's majority shareholder, Russia's JSC Atomredmetzoloto (ARMZ).

    ARMZ acquired the Mkuju River project when it bought Mantra Resources last year for around $1 billion. Uranium One has the option to purchase the project and the company aims to buy the asset by mid-2013.

    "The project will provide direct and indirect cash flows in Tanzania in excess of $640 million and will provide foreign direct investment (FDI) in excess of $1 billion or equivalent to 4.76 percent of Tanzania's GDP," said Mwaipopo.

    Mwaipopo said the project had been delayed by cumbersome regulatory licensing procedures.

    Environmental groups had opposed the mine's construction in a world heritage game reserve. Tanzania received U.N. approval for the project to proceed in July.

    The project is awaiting an environmental impact assessment certificate and final approval from Tanzania's ministry of energy and minerals.

    Tanzania's ministry of natural resources and tourism is also still to give the nod for the proposed uranium mine to operate in the Selous game reserve, but Mwaipopo said the approval was expected soon.

    Mantra said the company was also in talks with the Tanzanian government about provisions of the country's new mining legislation, which requires the state to own a stake in strategic mining projects.

    He said the grade of the Tanzanian uranium resource was 297 parts per million, with the mine estimated to have a life of 12 years when constructed.

    Tanzania's deputy energy and minerals minister, George Simbachawene, told the conference earlier on Wednesday the government wanted to increase the contribution of the mining sector to 10 percent of the GDP by 2025 from 3.3 percent last year.

    Australian-based uranium exploration and development company, Uranex, is also prospecting for uranium in south-west Tanzania.

    Tanzania, Africa's fourth-largest gold producer also has substantial deposits of coal, nickel, iron ore, diamond and gemstones.
     
  5. Mwanahisa

    Mwanahisa JF-Expert Member

    #5
    Oct 25, 2012
    Joined: Jun 29, 2012
    Messages: 1,396
    Likes Received: 6
    Trophy Points: 135
    Mbona hakuna habari ya vinu vya kufua umeme?
    Kama kuna mtu mwenye wasifu wa Director Mwaipopo anitandikie hapa tafadhali.
     
  6. Msolopagazi

    Msolopagazi JF-Expert Member

    #6
    Oct 25, 2012
    Joined: Nov 26, 2010
    Messages: 646
    Likes Received: 3
    Trophy Points: 35
    Huyu jamaa alikuwa senior geologist kwenye mgodi wa GGM Kabla ya kuchukuliwa Namtumbo
     
  7. Mwanahisa

    Mwanahisa JF-Expert Member

    #7
    Oct 25, 2012
    Joined: Jun 29, 2012
    Messages: 1,396
    Likes Received: 6
    Trophy Points: 135
    Nimekusoma mkuu, ila nilitaka uzoefu wake katika Urani, maana nafikiri alisomea Urusi haya mambo ya Urani na hapa kuna Kampuni shirikishi yakirusi inafanya kazi pamoja na hawa wa Canada. Nataka kufunguka macho tu kitu flani hapa.
     
  8. I

    Insabhunsa Gusa Senior Member

    #8
    Oct 25, 2012
    Joined: May 13, 2011
    Messages: 100
    Likes Received: 0
    Trophy Points: 33
    Mwanahisa,

    Asa Mwaipopo, ni jina kuubwa kwenye fani ya madini kwa ujumla. Ni msomi aliyebobea vilivyo, ni mzoefu aliyetukuka nakwambia...Kwa kifupi ni hivi:- Kasoma Ifakara sec, old moshi high school,University of Lusaka(Mining)...Kafanya kazi Ashanti goldmine(west Africa-Ghana), Geita Goldmines....Kaenda piga Masters Uingereza(sina hakika na chuo)...Ila habari nilizoandika awali nina uhakika nazo....Jamaa kifupi ni jembe la uhakika kwenye jilojia kwa ujumla,afu ni mtu safi sana, si fisadi, ni mchapa kazi, ana sifa zote za kuwa kiongozi kwenye sekta hiyo...Ni bonge la jembe aisee...Zaidi kama unamjua mtu anayefanya kazi kwenye hiyo Uranium,muulizie,utajua ni kweli ninayosema! Nadhani umeridhika...
     
  9. Informer

    Informer JF-Expert Member

    #9
    Mar 30, 2016
    Joined: Jul 29, 2006
    Messages: 1,002
    Likes Received: 725
    Trophy Points: 280
  10. Informer

    Informer JF-Expert Member

    #10
    Mar 30, 2016
    Joined: Jul 29, 2006
    Messages: 1,002
    Likes Received: 725
    Trophy Points: 280
    Mods naomba hii muunganishe Active
     
Loading...