Uranium One Says Tanzanian Unit Prepared To Build Mkuju River Uranium Mine

Mining Weekly reported Uranium One’s (TSX:UUU) says it unit in Tanzania will begin building its Mkuju River uranium mine.

As quoted in the market news:

Mantra Tanzania’s managing director Asa Mwaipopo said on Wednesday the Mkuju River project in southern Tanzania had an updated resource of 119.4-million pounds of uranium.

Toronto-listed Uranium One is the operator of the Mkuju River project, which is owned by the Canadian uranium producer’s majority shareholder, Russia’s JSC Atomredmetzoloto (ARMZ).

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