Tuesday, June 15, 2021

Australian company plans to extract uranium from north Mauritania

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Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com
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An Australian company plans to exploit the Terres mine in the far north of the Mauritanian, close to the border with Algeria in the deep desert to extract the raw uranium, with actual production to begin between 2020 and 2021.

The total cost of the project will not exceed $ 62.9 million and 12.44 million pounds of UO2 can be extracted from the mine over a period of 15 years.

The company confirmed that the cost of extracting nuclear fuel from the mine would not exceed $ 29.8 and that the total cost of the project could be recovered within three years.

NBFI

The Mauritanian government last year granted a license to extract uranium from the Terres mine to the Australian company for 15 percent of production.

Read also: Iran raises level of Uranium enrichment four times

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