Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Tuesday, March 8, 2011

China Guangdong bids $1.2B for firm with access to Namibian uranium

  • China Guangdong bids $1.2B for firm with access to Namibian uranium
    China Guangdong Nuclear Power Group has bid $1.2 billion for Kalahari Minerals, potentially gaining access to the Husab uranium venture in Namibia. "This would give them a foothold in one of the largest uranium assets in the world and supply their plans to significantly grow their reactor fleet," said Simon Tonkin, an analyst at Patersons Securities. Bloomberg

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