Green Energy
- Tanzania Buys Majority Stake In Mtwara Plant
A gas plant in Tanzania. Picture: File By JOHN MBALAMWEZI (email the author) Posted Saturday, February 11 2012 at 17:07Tanzania and Canadian oil and gas company Wentworth Resource Ltd have reached...
- Abengoa Launches Algeria's Hybrid Solar Gas Plant
Monday, July 18, 2011 Abengoa launched the first hybrid solar-gas plant in Hassi R 'Mel, Algeria. The plant will generate electricity on a large scale using both natural gas and solar energy. The hybrid plant has a 150 MW capacity and consists...
- Mitt Romney Comes Right Out And Says It: There Is "every Appearance That Hillary Clinton Was Bribed
From the Business Insider: Mitt Romney held nothing back when he was asked about a recent wave of allegations that hit Hillary Clinton's family foundation on Thursday. In an interview on the Hugh Hewitt Show, Romney said one of the reports about...
- Iran Inaugurates New Arak Heavy Water Facility Capable Of Producing Plutonium
From Gertz..... Iran has inaugurated a heavy water facility that can produce plutonium directly from uranium. The plant, which took eight years to complete, is located at Khondab, 190 kilometers southwest of Teheran. The plant, also known as Arak, would...
- Calling Joe Wilson, Emergency Call For Mr Wilson
Iran's plot to mine uranium in Africa Jon Swain, David Leppard and Brian Johnson-Thomas IRAN is seeking to import large consignments of bomb-making uranium from the African mining area that produced the Hiroshima bomb, an investigation has revealed....
Green Energy
Russia Sneaks Back into Tanzanian Uranium
Monday, April 4, 2011
Tanzania’s Mkuju uranium assets are back on the auction block with Russian firm JSC Atomredmetzoloto (ARMZ) purchasing assets from Aussie firm Mantra Resources Ltd. The transaction, originally priced at $1.16 billion, will sell for $944 million with the deal expected to close in July.
The mining plant in southern Tanzania is expected to begin operating in Q4 2013. Minister for Energy and Minerals, William Ngeleja, told The EastAfrican that the Mkuju River Project is shaping up into a truly world-class venture and has the potential, in its first phase of development, to position Tanzania as the third, and perhaps even the second largest producer of uranium in Africa. Ngeleja said that the pre-feasibility study in March 2010 indicated that once developed the mine would produce 1,650 tons of uranium oxide a year. This figure would propel it to become the eighth largest producer in the world overtaking the US which produced 1,560 tons in 2009.
The Tanzanian government expects to reap $630 million as profit over the mine’s 15-year span.
Interestingly, in 2009 Russian President Dmitry Medvedev traveled throughout Africa promoting nuclear ambitions taking particular interest in Namibia’s vast uranium deposits. Yury Trutnev, Russia's Natural Resources Minister, said Moscow was interested in helping Namibia develop its nuclear industry. "Namibia very much needs to develop its energy sphere," he said. And in October 2010, Russian company Borodino signed a deal with the East African country to finance the construction of the $700 million Rumakali hydropower plant in October. This, of course, is in addition to Russia’s alliance with China over African ventures coincidentally enough in hydrocarbon and uranium-rich countries.
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- Tanzania Buys Majority Stake In Mtwara Plant
A gas plant in Tanzania. Picture: File By JOHN MBALAMWEZI (email the author) Posted Saturday, February 11 2012 at 17:07Tanzania and Canadian oil and gas company Wentworth Resource Ltd have reached...
- Abengoa Launches Algeria's Hybrid Solar Gas Plant
Monday, July 18, 2011 Abengoa launched the first hybrid solar-gas plant in Hassi R 'Mel, Algeria. The plant will generate electricity on a large scale using both natural gas and solar energy. The hybrid plant has a 150 MW capacity and consists...
- Mitt Romney Comes Right Out And Says It: There Is "every Appearance That Hillary Clinton Was Bribed
From the Business Insider: Mitt Romney held nothing back when he was asked about a recent wave of allegations that hit Hillary Clinton's family foundation on Thursday. In an interview on the Hugh Hewitt Show, Romney said one of the reports about...
- Iran Inaugurates New Arak Heavy Water Facility Capable Of Producing Plutonium
From Gertz..... Iran has inaugurated a heavy water facility that can produce plutonium directly from uranium. The plant, which took eight years to complete, is located at Khondab, 190 kilometers southwest of Teheran. The plant, also known as Arak, would...
- Calling Joe Wilson, Emergency Call For Mr Wilson
Iran's plot to mine uranium in Africa Jon Swain, David Leppard and Brian Johnson-Thomas IRAN is seeking to import large consignments of bomb-making uranium from the African mining area that produced the Hiroshima bomb, an investigation has revealed....