Mantra Tanzania Ltd, a subsidiary of Rosatom, is set to start uranium mining in Tanzania soon, according to the country's Minister of Mineral Resources, Anthony Mavunde. The project will commence right after the completion of a mineral processing plant.
Construction of the facility in the Namtuumbo region has already begun, with a total budget exceeding 3 trillion shillings (around $1.12 billion). Mavunde emphasized that one of the government's key priorities, under President Samia Suluhu Hassan, is to enhance the added value of minerals within the country. The president has provided specific directives for overseeing this process. The launch of this project, which also includes building a uranium processing plant, underscores the government's commitment to achieving this objective.
The ministry aims to strengthen oversight of the project to enhance its efficiency. According to Mavunde, the development will create over 4,000 direct jobs at the uranium mining and processing facilities and approximately 100,000 jobs in other sectors, including logistics and energy. He added that Mantra Tanzania Ltd is in talks with the government regarding the construction of a power plant that will utilize the uranium extracted from the region.
Uranium reserves in Tanzania are estimated at 139 million tons, and the Namtuumbo deposit is expected to have a lifespan of over 20 years. Earlier in July, Rosatom signed a memorandum of understanding with Niger's Ministry of Energy.
