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

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Russia hopes to clinch a deal with Tanzania in the coming days to start extracting uranium on an industrial scale in the country’s south in two years, the Russian industry and trade minister said Thursday.

DAR ES SALAAM (Tanzania) (Sputnik) – The Mkuju River mine is an open pit mine deemed one of the world’s most promising sources of uranium. It is operated by Uranium One. Russian state atomic energy corporation Rosatom owns 100 percent of the firm's external shares through affiliates.

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"We expect to sign a mining deal soon that will flesh out conditions on the industrial development of this mine… We project that Rosatom can reach the industrial scale of uranium mining in 2018," Industry Minister Denis Manturov.

Rosatom joined the Mkuju River Project in 2011, bringing up the amount of prospected uranium deposits by 70 percent over the past four years, from the initial 35,000 tonnes to 59,000 tonnes of uranium ore.

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