Tanzania Uranium Project

• Capital cost for construction of the mining plant including all associated infrastructure stands at $298 million.

• Mr Ngeleja said that the pre-feasibility study in March 2010, indicated that, once developed, the mine would produce 1,650 tonnes of uranium oxide a year, thus overtaking the US—which produced 1,560 tonnes in 2009—to become the eighth largest producer in the world.

• The government expects about $630 million in royalties, income and employee taxes directly from the project based on the 15 year estimated life of the mine.

• World Uranium Price staggers at is $60 per Pound.

• 1Ton = 2,240Pounds, 1,650Tonnes is equivalent to (1650*2240)= 3,696,000Pounds. This is equivalent to (3,696,000Lbs*$60 = $221.76 million) PER YEAR.

• Production Cost of 1Pound of Uranium Oxide (for 0-10,000MT) will be ranging at $8 (Source: Uranium Markets: World Nuclear Association).

• Assume the Loan Pay back to the tune of $38,427,879.01M per Year (payback period of 15yrs and interest rate of 10%), and a production cost ($8*3,696,000Lbs = $29.568M) the profit is (221.76m – 38.428m - 29.568m) = $153.764m.

• Government will expect $630m over 15Yrs, which is equivalent to $42m per Year (About 27%).

• Hivi ni kweli tunashindwa ku-bargain better rates than these?
• Hivi kwa hesabu ndogo za kawaida; Corporate Tax pekee si 30% ya profit achilia mbali royalty ambayo ni 4%? Mbona 27% ndo pato letu ambalo tayari ni dogo kuliko tax na mrahaba?
• Hivi ni Kweli waziri na watendaji wake hawakufanya Homework yao kabla ya kuja public, au ni sisi wasomaji hatujafanya homework yetu sawasawa?
• Hivi ni kweli serikali yetu inauza rasilimali zetu kwa uwekezaji mdogo namna hii wa $298m?
• Hivi ni kweli kiasi hiki hakiwezi kupatikana kwenye mabenzi iwapo serikali itatoa guarantee kwa wazawa na pesa hiyo kurudi kwenye mabenki yetu?
• Na hivi uwekezaji huu huwa na mfumo wa kushindanisha offers za "investaz" kupitia "michakato ya tender"?

hekaheka said:

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The East African: *- Business*|Russian firm back in Tanzania uranium project

Note From the story:

• Capital cost for construction of the mining plant including all associated infrastructure stands at $298 million.

• Mr Ngeleja said that the pre-feasibility study in March 2010, indicated that, once developed, the mine would produce 1,650 tonnes of uranium oxide a year, thus overtaking the US—which produced 1,560 tonnes in 2009—to become the eighth largest producer in the world.

• The government expects about $630 million in royalties, income and employee taxes directly from the project based on the 15 year estimated life of the mine.

Brief Analysis:

• World Uranium Price staggers at is $60 per Pound.

• 1Ton = 2,240Pounds, 1,650Tonnes is equivalent to (1650*2240)= 3,696,000Pounds. This is equivalent to (3,696,000Lbs*$60 = $221.76 million) PER YEAR.

• Production Cost of 1Pound of Uranium Oxide (for 0-10,000MT) will be ranging at $8 (Source: Uranium Markets: World Nuclear Association).

• Assume the Loan Pay back to the tune of $38,427,879.01M per Year (payback period of 15yrs and interest rate of 10%), and a production cost ($8*3,696,000Lbs = $29.568M) the profit is (221.76m – 38.428m - 29.568m) = $153.764m.

• Government will expect $630m over 15Yrs, which is equivalent to $42m per Year (About 27%).

Sasa ambacho kinanitia utata ni kifuatacho;

• Hivi ni kweli tunashindwa ku-bargain better rates than these?
• Hivi kwa hesabu ndogo za kawaida; Corporate Tax pekee si 30% ya profit achilia mbali royalty ambayo ni 4%? Mbona 27% ndo pato letu ambalo tayari ni dogo kuliko tax na mrahaba?
• Hivi ni Kweli waziri na watendaji wake hawakufanya Homework yao kabla ya kuja public, au ni sisi wasomaji hatujafanya homework yetu sawasawa?
• Hivi ni kweli serikali yetu inauza rasilimali zetu kwa uwekezaji mdogo namna hii wa $298m?
• Hivi ni kweli kiasi hiki hakiwezi kupatikana kwenye mabenzi iwapo serikali itatoa guarantee kwa wazawa na pesa hiyo kurudi kwenye mabenki yetu?
• Na hivi uwekezaji huu huwa na mfumo wa kushindanisha offers za "investaz" kupitia "michakato ya tender"?

Naomba wana jamii mnisaidie kuelewa hii lugha, kwa maana kiingereza ni kigumu saa nyingine.

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