Somalia & Uranium?

Came across this tidbit on Somalia from a 1993 National Review Online article:

In 1984, Brazilian mining company Construtora Andrade Gutierrez announced a $300 million investment in a uranium mine in northern Somalia. The deal was to be financed by Banco do Brasil, and the host government agent was the Somali Arab Mining Company (Soarmico). Soarmico was itself a joint venture founded in 1978 between the Somali government, the Arab Mining Company based in Jordan, and Iraq.

But according to a dated World Energy Council report, Somalia has only a small reserve that would be (relatively) expensive to extract.

:: See the Somalia category for all preceding and future items on this thread ::