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Russia moves to secure Tanzanian uranium reserves!

Discussion in 'Major Projects in Tanzania' started by Invisible, Dec 15, 2010.

  1. Invisible

    Invisible Admin Staff Member

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    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
     
  2. BONGOLALA

    BONGOLALA JF-Expert Member

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

    Kachanchabuseta JF-Expert Member

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    is our President alive?
     
  4. Keynes

    Keynes JF-Expert Member

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    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. P

    Percival JF-Expert Member

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

    Invisible Admin Staff Member

    #6
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    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
     
  7. VoiceOfReason

    VoiceOfReason JF-Expert Member

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    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 0.0000000000000000000000000000000000001% of Tanzanians multi millionnaires while the other lot keep on suffering
     
  8. Keynes

    Keynes JF-Expert Member

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    Sasa hawa ****** 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!
     
  9. Bantugbro

    Bantugbro JF-Expert Member

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    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/international-automotive-scene/512-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....
     
  10. m

    mtemiwao JF-Expert Member

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

    Saint Ivuga JF-Expert Member

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    duh!! tutapona kweli?
     
  12. Invisible

    Invisible Admin Staff Member

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    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.
     
  13. Mtazamaji

    Mtazamaji JF-Expert Member

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    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.
     
  14. Saint Ivuga

    Saint Ivuga JF-Expert Member

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    definetly mkuu hii kitu inaweza kutokea kweli..viongozi wenyewe wabembeaji hawa. Haya mataifa makubwa yatatutengenezea zengwe tuuane aisee
     
  15. Invisible

    Invisible Admin Staff Member

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    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
     
  16. Bantugbro

    Bantugbro JF-Expert Member

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    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
     
  17. Keynes

    Keynes JF-Expert Member

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    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.
     
  18. Nyambala

    Nyambala JF-Expert Member

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    Mkuu kwenye ubepari, your number of shares is your number of votes!!!!
     
  19. Wacha1

    Wacha1 JF-Expert Member

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    Unapokuwa na rais Mwizi unategemea nini? This country need changes now rather than later wakati mautumbo yote haya yanaendelea.
     
  20. BAK

    BAK JF-Expert Member

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    As a Country, how do we benefit from this deal? Maana naona Wakuu wako kimyaaaaaaa! isije kuwa wameshakatiwa % zao.