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Tanzania is a 3rd largest producer of mineral in Afrika

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by Njowepo, Oct 28, 2010.

  1. Njowepo

    Njowepo JF-Expert Member

    Oct 28, 2010
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    Study shows improved uranium recovery at Mkuju Rivernew
    By Correspondent
    28th October 2010EmailPrintCommentsA definitive feasibility study for a uranium project earmarked to be built at Mkuju River in Namtumbo District, Ruvuma Region, has shown a substantial potential for improved recovery of the mineral.

    The company undertaking the project, Mantra Resources Limited said in a statement issued in Dar es Salaam yesterday that the latest study has shown that the planned processing plant will be able to recover 82 per cent of the available uranium compared to the previous projection of 79 per cent.

    The statement issued in Perth, Australia by the CEO of the parent firm, Peter Breese and availed to this paper said the improved recovery was good news for both the investor and the country as these improvements are expected to result in a reduction in operation costs.

    “We are pleased to publish the final definitive feasibility study process flowsheet which demonstrates that the project is on the right track and the leach characteristics are exceptionally good,” he said.

    He said that compared to the pre-feasibility study, the final outcome is highly simplified and has led into maximum recovery of uranium and production during the first phase.

    “Not only that. The final study has also reduced acid consumption from 12 to between six and ten kilogrammes per tonne of plant feed,” he said.

    He said that total target production would rise to 4 million pounds of uranium per year, up from 3.7 million which was earlier projected.

    “The outcome of the final study follows both extensive, integrated pilot project which incorporated the previous research work,” he said.

    In Dar es Salaam, the company’s Managing Director, Tony Devlin, said that the final outcome will be a big boost on the Tanzanian economy.

    “We expect uranium to be a significant contributor to the Tanzanian economy and position the country as the third largest producer of the mineral in Africa and the eighth largest in the world. At this level of production, Tanzania will produce 3 times more uranium oxide than South Africa”.

    He mentioned some of the benefits to the country as foreign direct investment (FDI) of USD298m (about 452bn/-), over 1,200 jobs to be created during the construction of the mine and a further 600 permanent jobs.

    “The project is shaping up as a truly world-class investment and has the potential, in its first phase of development, to position the United Republic of Tanzania as a major uranium producer on the world map,” he said.

    Other benefits include a generation of approximately USD220m in foreign exchange per year.

  2. The Finest

    The Finest JF-Expert Member

    Oct 28, 2010
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    and yet we are still poor
  3. K

    King kingo JF-Expert Member

    Oct 29, 2010
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    And we will still be poor if we dont vote wisely on 31st Oct...
  4. MwanajamiiOne

    MwanajamiiOne Platinum Member

    Oct 29, 2010
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    No wonder they say we are not rich in minerals but we are endowed with minerals................we are very poor in terms of brains.

    Yaani inasikitisha sana maana off all the minerals we tend to export more than what is being used for our own welfare (only 4% of the minerals contribute to the national GDP meaning that we export more than what we put for the welbeing of our peope...........I just dont know what is wrong with us. I dont think that our policies are good. The mining policy both the old and the new one does not help us al all because few are still benefiting.......................... poor Tanzania, my poor country why had you been born in the hands of mafisadi who just care for their matumbo??

    I just look at what our mothers. fathers, brothers, sisters and children in Geita and other mining areas are going through..............nabaki kusaga meno kitu ambacho najua kabisa kuwa haisaidii.
  5. D

    DrMosha Member

    Oct 29, 2010
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    This is excellent news.
    Who is monitoring the bigger picture?
    What stake does the ''Tanzanian'' own in this venture?
    Is it too late to act?
  6. Njowepo

    Njowepo JF-Expert Member

    Oct 29, 2010
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    The life we are living in has no proportional with the natural resources we have.
    While the government end up getting peanut behind the scene some leader get lumpsum
  7. Cathy Duncan

    Cathy Duncan Member

    Nov 1, 2010
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    Well, I think it is just like the same situation with the Tanzanians as it is with the Pakistanis, both of them carry minerals at mass levels but are unable to extract them due to some internal and external pressures.