Russia May Start Industrial-Scale Uranium Mining in Tanzania in 2018

Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, & Acquisitions

Date posted: 04/28/16

The Mkuju River mine is an open pit mine deemed one of the most promising sources of uranium in the world. It is operated by Uranium One. Russian state atomic energy corporation Rosatom owns 100% of the external shares through affiliates. They expect to sign a mining deal soon that will flesh out conditions on the industrial development of this mine. They indicated that Rosatom can reach the industrial scale of uranium mining in 2018. Rosatom joined the Mkuju River Project in 2011, increasing the uranium resources by 70% over the past four years, from the initial 35,000 tonnes to 59,000 tonnes of uranium ore.