Tanzania Mkuju River mining project suspended

11/07/2017 10:48 Nuclear


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.

EIB to back renewables in Belgium, Spain, Portugal

19/07/2018 09:32:00

The European Investment Bank (EIB) has approved more than EUR 3.4 billion (USD 3.96bn) in financing for clean energy projects globally, among which is an offshore wind farm in Belgium.


Daily (18.07.2018): German spot power price dropped by almost 5% on Tuesday, on stronger wind generation and reduced demand

18/07/2018 11:28:00

Oil prices increased on Tuesday, due to a decline in stocks and as two of four processing terminals in Venezuela are likely to close because of scheduled maintenance this month. Brent crude rose by 0.5% to $72.16 a barrel. However, WTI crude was almost steady at $68.08 a barrel.


China set to fully control Portugal’s power grid amid Europe’s inertia

18/07/2018 09:42:00

China is set to make further inroads into European infrastructure, as a state-owned company attempts to gain full control of Portugal’s power grid.