Coal and Uranium Mining Company, Atomic Resources To Explore Coal Mine In Tanzania

Coal and uranium exploration company Atom Resources has secured the concession rights to two key new exploration include the extension of the northern coalfield in western Tanzania Ngaka.

Mr. David Holden, MD of Atomic Resources said that "a new concession twice the size of exploration area in the Ngaka coalfield, increasing the potential for atomic resources, and provide Atom dominant position in the coal industry in Tanzania."

He said that the new concessions are also strengthening the company's position in the center of the coal industry of Tanzania, and its relationship with joint venture partner, National Development Corporation in Tanzania.

Atom reported that the Tanzanian government recently announced its intention to build a new 400 MW coal thermal power plant in 2011, which will form the basis of the domestic power supply.

Mr. Holden said that "tanzania is growing rapidly and require substantial, inexpensive and reliable source of energy to fuel economic development. Atomic's substantial thermal coal fields in western Tanzania are ideally situated to provide raw materials for coal power plants are being planned for Tanzania and we are at the forefront of this rapidly growing new industry.

Source: SteelGuru