Tanzania Mkuju River mining project suspended

11/07/2017 10:48 Nuclear

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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.

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