Archive for the ‘Mantra Resources’ Category

Insurance policy can cover cost of uranium mine cleanup, rules court

September 2, 2012

Court rules in uranium mine cleanup dispute http://www.vcstar.com/news/2012/aug/23/court-rules-in-uranium-mine-cleanup-dispute/#ixzz24VeeQu7N
vcstar.com The Associated Press VCStar.com August 23, 2012   SANTA FE, N.M. (AP) - The state Supreme Court has ruled a uranium company’s insurance policies may cover costs of cleaning up contamination at a former mine in northwestern New Mexico.

The ruling on Thursday sends the dispute back to a district court to
determine what insurers must pay for, if any, involving a cleanup by
United Nuclear Corp. at the Northeast Church Rock mine near Gallup.
The site is adjacent to the Navajo Nation.

The court decision hinged on an insurance provision excluding coverage
for pollution damages unless the discharges were “sudden and
accidental.” The court concluded the term “sudden” meant unexpected
rather than happening over a short period of time. An insurance
company had contended its policies provided no liability coverage
because environmental damage at the mine happened over many years.

Australian company Mantra to mine uranium in World Heritage Park in Tanzania

July 20, 2012

Tanzania gets U.N. nod for uranium mine in game park DAR ES SALAAM, July 5 (Reuters) - Tanzania has received U.N. approval for Australia-based miner Mantra Resources to build a $400 million uranium mine in a world heritage game reserve despite pressure from environmental groups opposed to the project, it said on Thursday.

Green groups have warned that toxic mining activities at the plant would harm the ecologically sensitive Selous Game Reserve in the east African country… http://af.reuters.com/article/tanzaniaNews/idAFL6E8I57YN20120705

Tanzania world heritage park threatened by uranium mining

July 13, 2012

Tanzania gets U.N. nod for uranium mine in game park DAR ES SALAAM, July 5 (Reuters) - Tanzania has received U.N. approval for Australia-based miner Mantra Resources to build a $400 million uranium mine in a world heritage game reserve despite pressure from environmental groups opposed to the project, it said on Thursday.

Green groups have warned that toxic mining activities at the plant would harm the ecologically sensitive Selous Game Reserve in the east African country… http://af.reuters.com/article/tanzaniaNews/idAFL6E8I57YN20120705

Australian uranium company keen to mine in Word Heritage National Park, despite UNESCO

July 30, 2011

Australian Mining Company in $400m uranium project in Tanzania, BUSINESS WEEK, 17 JULY 2011 , MARY JOHN, DARES SALAAM, TANZANIA - An Australian uranium mining company, Mantra Resources, plans to build a $400-million uranium mine in the Selous Game Reserve in Tanzania within the next three years……. 

“We hope that UNESCO Heritage Committee will not halt the mining in the Game Reserve as it did recently in Serengeti National Park road project, considering the effect of the uranium activities to the environment,” said the analysts.

The Selous is home to huge number of elephants, black rhinoceros, cheetah, giraffes, hippopotamus and crocodiles, amongst many other species and bird life.
The reserve also has an exceptionally high variety of habitats including Miombo woodlands, open grasslands, riverine forests and swamps, making it a valuable laboratory for on-going ecological and biological processes.
Mantra has direct and joint venture interests in a portfolio of uranium exploration tenements in Tanzania.
The prospecting licenses and applications are largely within the highly uranium prospective Karoo-age sediments of southern Tanzania (Mkuju River Project, Mbamba Bay Project and Southern Tanzania JV’s and paleochannel associated calcrete and sandstone hosted uranium targets within the Bahi catchment of central Tanzania (Bahi North Project and Handa Project). ..

http://www.busiweek.com/11/news/tanzania/1377-australian-mining-company-in-400m-uranium-project-in-tanzania

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