Tanzania Mkuju River mining project suspended

11/07/2017 10:48 Nuclear

news

The international mining company owned by the Russian corporation Rosatom stated that, after proper negotiations and consultations, its subsidiary, Mantra Tanzania, is ready to halt all activity surrounding the Mkuju River project due to the depressed market price all over the world.

It is a common tactic in mining to put off projects until the stabilization of market prices, which the company wants to do with the permission of the Tanzanian government.

 

A spokesman for the company said that mining in current conditions is futile, and will do the country and its people no good. 

 

River Project became the first uranium mine to receive a license from Tanzania’s ministry of energy, and adheres to all laws and regulations, both Tanzanian and international.

UK and Taiwan to reinforce energy trade connections

05/12/2017 16:43:00

Great Britain and Taiwan are aiming to reinforce their commercial ties in key domains such as energy.

<READ MORE

Siemens will supply vessels serving the wind sector

05/12/2017 14:20:00

The ships serving the wind sector will be supplied by a new Siemens system in Germany.

READ MORE

Daily (05.12.2017): French spot power contract up by 43.2% on Monday, due to higher demand

05/12/2017 13:31:00

Oil prices dropped on Monday after U.S. shale drillers added last week more rigs, but prices remained close to their highest since mid-2015, buyout by an extension to output reductions agreed last week by OPEC and other producers. February Brent crude futures were down $1.28 at $63.11 a barrel. Meanwhile U.S. West Texas Intermediate traded 89 cents, or 1.5%, lower at $57.47.

READ MORE