Brinkley Mining signs deal with DR Congo

20 July 2007

[Brinkley Mining, 11 July] Brinkley Mining plc of the UK has signed an agreement with the Democratic Republic of Congo (DRC) for the production of uranium and for financial assistance to halt uranium smuggling. The deal establishes a joint venture between Brinkley and the DRC's General Commission for Atomic Energy (CGEA) to develop the country's uranium sector. The joint venture will explore and exploit uranium deposits with particular emphasis on an initial five key areas, including the former Shinkolobwe mine. The other deposits are at Mindigi, Kalongwe, Kasompi and Samboa. The partnership will also market the resulting uranium. Brinkley will also provide technical and financial assistance to the CGEA for the control of radioactive mined products at the stages of exploration, production, treatment and storage. The share capital of the partnership, initially to be $3 million, will be held 75% by Brinkley and 25% by CGEA. Gerard Holden, Executive Chairman of Brinkley Mining said, "The DRC contains hugely exciting potential uranium resources. We look forward to working closely with our partner to ensure that those resources are commercialized for the mutual benefit of all parties at the earliest opportunity as well as assisting the CGEA to meet its obligations under international treaties."

Further information

Brinkley Mining

WNA's Uranium in Africa information paper

WNN: Uranium smuggling allegation in Congo