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Global_18

THE MKUJU RIVER PROJECT Uranium One (U1) is one of the world’s largest uranium producers, with a globally diversified portfolio of assets stretching from Kazakhstan to the United States. However, the Company sees significant possibilities for future growth in Africa. As part of this strategic thrust, Uranium One and its subsidiary Mantra Tanzania Limited are looking to develop a large-scale uranium mine at Mkuju River in the Selous Game Reserve in southeastern Tanzania. Even at the current early stage of the Project, the Company has been focused on corporate social responsibility (CSR) activities. These include an innovative and technologically advanced programme to curb the poaching of elephants, a problem that is approaching crisis proportions in the southern Selous. SHAPING TANZANIA’S FUTURE The planned uranium mine at Mkuju River has compelling economic benefits for Tanzania. These include substantial foreign direct investment of US$1 billion, representing more than double the total foreign direct investment (FDI) in Tanzania in 2011. A significant proportion of the FDI will fund the development of critical infrastructure in the Mtwara Development Corridor, which will provide an enduring legacy and platform for growth in the region. The Project will also generate significant revenue for Tanzania, including US$210 million in tax revenue, US$195 million in royalties and more than US$363 million in corporate taxes. Permitting is well advanced, with the Project’s special mining licence having been issued in 2013 and a comprehensive Environmental and Social Impact Assessment (ESIA) for the Project certified in 2012 by the Tanzanian authorities. The mine will create more than 1,600 well-paying jobs in the construction phase and more than 700 in steady state operation. Based on the gold industry’s experience, the Company also expects an additional 5,300 indirect jobs will be created during construction and more than 2,300 additional indirect jobs during steady state. The human development benefits will also include job training and skills development programmes to train Tanzanians to fill all projectrelated functions and enhanced environmental protection and wildlife conservation programmes, including the Company’s antipoaching initiatives. In terms of global significance, the Mkuju River Project will account for four per cent of global uranium production over its lifetime, amounting to 15 per cent of all African uranium production. It will put Tanzania with Namibia and Niger as the only African countries in the top ten producers of uranium worldwide and will enhance the country’s reputation as an attractive destination for significant FDI. Uranium One operates in accordance with the highest safety, health and environmental standards – for example last year alone four of the company’s mines and projects, including the Mkuju River Project, recorded more than 3.5 million hours of injury-free operations. The Company also embeds CSR and sustainability initiatives at an early stage in all of its projects. In August 2013 at a ceremony presided over by Tanzanian President Jakaya Kikwete, the Company was awarded a presidential trophy and was recognised as the best-performing company in education, for a programme involving the donation of desks and solar lighting to a secondary school; in health, for HIV/AIDS programmes, hospital beds and medical equipment; and in local employment. SAVING THE SELOUS ELEPHANTS The Mkuju River Project is located in the Selous Game Reserve – one of the largest and most important game reserves in Africa. Unfortunately, the Selous is also ground zero for elephant poaching and the illegal ivory trade. A recent census determined that the elephant population in the Selous has plummeted by 66 per cent, from 39,000 elephants to just 13,000 in the last four years. To help address this crisis, Uranium One is launching an aggressive, comprehensive anti-poaching strategy that employs the most advanced tactical training and technologies. The effort has four core components: scout training, aerial surveillance, intelligence networks and relationship building in the local communities. While the programme is still in its early stages Uranium One has already selected 20 elite Selous Game Reserve scouts for advanced skills and tactical training, is developing a network of local intelligence sources and community relationships, and is conducting trials of unmanned aerial vehicles and light aircraft to determine which technologies will best address the problem. Uranium One does not intend to go it alone, however. Through its Mantra subsidiary, it is working with the Tanzanian government and the conservation community to ensure a co-ordinated approach to saving the elephant population. Uranium One’s Mkuju River Project and its anti-poaching campaign mark the beginning of a long-term commitment to Tanzania and to Africa. In partnership with the Tanzanian government, Uranium One looks forward to making a lasting positive impact on the nation’s economy, its communities and its people, to the benefit of all of the Company’s shareholders and stakeholders. ADVERTISEMENT Concentration of uranium at the Mkuju River Project site highlighted in blue www.uranium1.com


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