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Energy Blast – Dec 15, 2010

Russia is reportedly making headway in Africa, with nucelar holding Rosatom agreeing to purchase Mantra Resources Ltd. for $1.15 billion, giving it the Australian-based company’s appealing Tanzanian assets, such as the Mkuju River project.  Russia and Mongolia have apparently agreed the conditions for establishing a joint uranium mining company, Dordon Uran.  Apparently Moscow has reiterated its offer of €2 billion to help Bulgaria fund the Belene nuclear power project, which has been on hold since last summer, in an attempt to assert a nuclear presence on EU soil.  Ria-Novosti reports that the West Siberian Generating Company intends to invest $258 million in the construction of eight mini-hydroelectric power plants in the Altai region.