Uranium Discovery: Is Tanzania prepared to benefit from exploitation?
Geological survey show that Tanzania is endowed with many kinds of extractive resources and mining accounts for about 3.2% of Tanzania's GDP and 3.6% of its total tax revenues. Gold represents about 90% of these mineral exports and the petroleum sector is dominated by natural gas. Uranium is being explored in different parts of the country and it is estimated that Tanzania possesses 53.9 million pounds of uranium oxide (U3O8) deposits, valued at $2.2 billion.
This was said at the Policy Forum breakfast talk which took place on the 28th September 2012.