Home » Sports » ZIMBABWEAN GOVT CONDUCTING EXPLORATION FOR URANIUM

HARARE, The Zimbabwe government has commenced exploration to determine the extent of uranium deposits in the country for possible commercial exploitation, says Mines and Mining Development Minister Walter Chidhakwa.

Late last year, the Zimbabwe Mining Development Corporation (ZMDC) acting general manager, Farai Karonga, was quoted saying the company was searching for partners to explore and develop uranium deposits in the northern part of the country.

Karonga said the ZMDC anticipated to conclude a deal by the end of the first quarter of this year after an earlier agreement with Hong Kong-based CNNC Overseas Uranium Limited collapsed. We're seeking investors that may be interested in enhancing the deposits and even go further to exploiting and developing the mineral deposits, Karonga said then.

Responding to a question why the government was yet to start exploiting uranium for electricity generation purposes in the Senate here Thursday, Chidhakwa said had been made. There is some exploration work to establish the size of the reserves, he said.

The exploration that is taking place now is to establish the size of the resource and the confidence levels of that resource, once that is done we can see whether it is economically viable to mine.

Chidhakwa, however, did not reveal who had partnered the ZMDC in the venture since it had been on the hunt for partners.

Uranium is used for many purposes such as fueling nuclear power plants, as colorant and for manufacturing armour plating.

In Zimbabwe, uranium can vastly improve electricity supply, which has been erratic over the years.

Source: NAM NEWS NETWORK

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