Uranium mining at the Mkuju River Project in Southern Tanzania may start in April, 2016. The Deputy Minister responsible for mining in Ministry of Energy and Mining Charles Kitwanga said following the arrival of heavy machinery. Kitwanga said at full operation, the Mkuju River Project would employ 1,600 people. This would be a blessing to the unemployed youth in Southern Tanzania. Mkuju River Uranium Project is located at Namtumbo District, Ruvuma region about 470 km southwest of Dar es Salaam. During the life of the mine, the Mkuju River project anticipates US$1 billion of foreign investment and generate about $630 million to direct and indirect cash flows. Mantra Tanzania Limited had to invest $800,000 and carry out anti-poaching activities in the area. The mine will produce 60 million tons of radioactive and poisonous waste during its 10-year lifespan and up to 139 million tons of uranium if a projected extension of the mine is implemented. The Mkuju River project is an in situ recovery uranium project about 470 kilometres southwest of Dar es Salaam. It holds 139,600 tonnes of measured and indicated resources. The project is owned by Mantra Tanzania Limited, a wholly owned subsidiary of Mantra Resources Pty Ltd. (formerly Mantra Resources Ltd.), an Australian registered corporation in which Uranium One has a minority interest. The remaining shares in this company are owned by Uranium One Holding N.V. and Uranium One is the operator. The UNESCO World Heritage Committee approved an application by the Tanzanian government for a minor adjustment to the boundary of the Selous Game Reserve. UNESCO required Tanzania to remove the Mkuju River Project and an adjacent buffer zone from the Selous Game Reserve World Heritage Site.
Withdrawn URL: http://www.busiweek.com/index1.php?Ctp=2&pI=3954&pLv=3&srI=54&spI=100&cI=11