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    market news

    United Nations Approves Tanzania Uranium Mine

    Investing News Network
    Jul. 05, 2012 12:56PM PST
    Energy Investing

    Mining Weekly reported Mantra Resources has received UN approval to build a $400-million uranium mine in a world heritage game reserve in Tanzania.

    Mining Weekly reported Mantra Resources has received UN approval to build a $400-million uranium mine in a world heritage game reserve in Tanzania.

    As quoted in the market news:

    Green groups have warned that toxic mining activities at the plant would harm the ecologically sensitive Selous Game Reserve in the east African country.

    The Tanzanian government expects the proposed uranium mine on the fringe of the Selous Game reserve to generate an annual gross turnover averaging $250-million for 15 years.

    Click here to read the full Mining Weekly report.

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