Tanzanian government approves uranium mining in Selous Game Reserve
Mantra is a subsidiary of Australia-based Mantra Resources,owned by Russian uranium company AtomRedMetZoloto (ARMZ).
Covering over 21,000 square miles, the Selous is one of the largest protected areas in the world and is one of Africa’s last great wildernesses.
The construction will take two years, and the site is said to contain at least 36,000 tonnes in known uranium deposits. Various reports suggest that the mine would extract 14,000 tonnes of the radioactive element annually.
Such a rate of production will catapult Tanzania ahead of Canada as the world’s second largest uranium producer.
Currently, Kazakhstan is the number one uranium producer in the world, having produced 19,451 tonnes in 2011 and commanding 36% of the world's total uranium production,followed by Canada, which produced 9,145 tonnes or 17% of the total production. "Tanzania is going to produce more than that.
The government issued the mining licence to Mantra after two years of due diligence.Projects like the uranium mining deal are vital to building the country's economy,I hope Tanzanians will have a positive attitude toward this project and get exactly what they wished for and not otherwise as I don't trust African Countries when comes to such deals.
The government issued the mining licence to Mantra after two years of due diligence.Projects like the uranium mining deal are vital to building the country's economy,I hope Tanzanians will have a positive attitude toward this project and get exactly what they wished for and not otherwise as I don't trust African Countries when comes to such deals.
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