Anthony Mavunde, Tanzania’s Minister of Minerals, expressed optimism that the strategic investment in the $1 billion uranium project is nearing completion.
On the eve of the President's visit, Mr. Mavunde told The Citizen in Moscow that discussions between Tanzanian and Russian officials had strengthened their commitment to advancing the project, which is expected to rank Tanzania among Africa's top uranium producers.
“The Mkuju project is a flagship investment not only for the mining sector but also for the wider economy. Tanzania is among a small number of African countries with the opportunity to develop a uranium industry of this scale,” he said.
“The visit has added significant momentum to the project. We expect to see major developments within a relatively short period because several preparatory stages have already been completed,” he added.
Furthermore, the minister described President Hassan's activation of a pilot uranium processing plant in July of last year as a significant milestone, indicating that the project had progressed beyond the planning stage.
