Tanzania’s 1.2 Billion Uranium Project Revived After President Hassan’s Russia Visit
18:58 09.06.2026 (Updated: 19:40 09.06.2026)
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Tanzania’s $1.2 Billion Uranium Project Revived After President Hassan’s Russia Visit
The Rosatom‑backed Mkuju River uranium project has gained fresh momentum after being dormant for a decade due to low uranium prices, Minerals Minister Anthony Mavunde told local media.
The visit reinforced commitments, with preparatory stages already completed and tenders for infrastructure works now open, Mavunde highlighted.
The minister called the project a flagship investment, creating thousands of jobs and boosting government revenues.
Russia has also agreed to support geological research and skills development in Tanzania’s mining industry, Mavunde noted.
🟠The Mkuju River project is expected to produce up to 4,000 tonnes of uranium annually, making Tanzania the second‑largest producer in Africa after Namibia.
🟠With an estimated 139 million tonnes of ore, the mine could operate for over 20 years.
🟠A pilot processing plant was commissioned in July 2025, with full construction set for 2026 and commercial operation expected in 2029.
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The Rosatom‑backed Mkuju River uranium project has gained fresh momentum after being dormant for a decade due to low uranium prices, Minerals Minister Anthony Mavunde told local media.
The visit reinforced commitments, with preparatory stages already completed and tenders for infrastructure works now open, Mavunde highlighted.
The minister called the project a flagship investment, creating thousands of jobs and boosting government revenues.
Russia has also agreed to support geological research and skills development in Tanzania’s mining industry, Mavunde noted.
🟠The Mkuju River project is expected to produce up to 4,000 tonnes of uranium annually, making Tanzania the second‑largest producer in Africa after Namibia.
🟠With an estimated 139 million tonnes of ore, the mine could operate for over 20 years.
🟠A pilot processing plant was commissioned in July 2025, with full construction set for 2026 and commercial operation expected in 2029.
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