Tanzania, Russia launch joint $1.2bn uranium plant in Namtumbo

Tanzania President Samia Suluhu Hassan launches the uranium project by Mantra Tanzania Limited in Namtumbo on July 30, 2025.

Photo credit: Pool

Tanzania launched a $1.2 billion uranium extraction project this week, aiming to boost economic growth and develop clean energy.

The initiative, a joint venture with Russia’s State atomic energy corporation, Rosatom, seeks to position uranium as a key strategic mineral for Tanzania’s development.