Tanzania: Massive Uranium Find - At Mkuju River

THE government has announced that 175.8 million tons of uranium reserves have been confirmed so far at Mkuju River, whose extraction will enable the Treasury to collect 363 million US dollars in corporate taxes and 50 million dollars in Pay As You Earn (PAYE).

The Acting Commissioner for Minerals, Eng. Ally Samaje, told reporters in Dar es Salaam yesterday that the government will also earn 190 million dollars in royalties from commercial extraction by Australian mining company, Mantra Tanzania Limited.

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