China to Buy Stake in Namibia Uranium Mine

Deal With Australia's Paladin Energy Furthers Beijing's Nuclear Ambitions

By

Rhiannon Hoyle

connect

Jan. 20, 2014 1:59 a.m. ET

SYDNEY—China National Nuclear Corp. agreed to buy a large stake in one of Africa's biggest uranium mines, giving the state-owned power generator better access to cleaner-burning energy.
A unit of CNNC agreed to buy 25% of the Langer Heinrich operation in Namibia from Paladin Energy Ltd., the Australian uranium producer said Monday.
CNNC is...

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