Tanzania has at least 53.9 million pounds of uranium oxide deposits and expects to start mining some of that by 2011, Energy and Mineral Minister William Ngeleja said this on Saturday in Dodoma.
Minister William Ngeleja said two companies – Mantra Tanzania Limited, a unit of Australia's Mantra Resources is expected to start mining uranium by 2012, and Uranex Tanzania Limited, a subsidiary of Australia's Uranex expects to start producing the mineral in 2011.
Mantra is working on a project in south Tanzania, which it says has an inferred mineral resource of 35.9 million pounds of uranium oxide, and Uranex's project in the centre has an estimated 6.7 million pounds of the oxide.
Ngeleja said that the two were among 20 companies licensed to explore for uranium in Tanzania.
Observations on banking, finance, investment, communications, travel, and life in Tanzania by a Dar Economist. You can reach me at: uchumiwetu[at]gmail[dot]com
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