The operations at the uranium mine is expected to commence by next dry season following the procurement of necessary authorization. In addition, the company is planning to undertake a detailed nine-month engineering and design program.
During a press conference, Uranium One CEO Chris Sattler said that the company has planned the operations in compliance with International Atomic Energy Agency’s (IAEA) international standards as well as national and regional laws and regulations.
"Earlier this year, the government granted Mantra a special mining licence. We are now looking forward to settling the Mining Development Agreement (MDA) with the government through the Ministry of Energy and Minerals, after which we would look to receive the required formal consent to operate from the Ministry of Natural Resources and Tourism," explained Sattler.
The company stated that the uranium produced from the mine will be used solely for the production of electricity.
"The uranium will be used only for producing nuclear energy within countries that have signed the Nuclear Non-Proliferation Treaty and accept full international IAEA safeguards," added Sattler.
Following the commencement of production, Tanzania is coined to become the third largest producer of uranium following Niger and Namibia.
