Dar es Salaam. Tanzania’s ambitious quest to join the ranks of uranium-producing nations has entered a defining phase, as the long-delayed Mkuju River project edges closer to industrial production amid growing pressure to secure financing and meet critical regulatory milestones.
Valued at approximately $1 billion (Sh2.6 trillion), the uranium project in Namtumbo District, Ruvuma Region, is increasingly being viewed by both government officials and investors as one of the most strategically important mining ventures.
For nearly 13 years, the project remained largely dormant after a collapse in global uranium prices forced investors to shelve plans for commercial extraction despite extensive exploration work and regulatory approvals.
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Uranium giant gains momentum: Mantra Tanzania accelerates Mkuju River project implementation
