CHINA LOOKS FOR URANIUM SUPPLIES AS IT PUSHES AHEAD WITH NUCLEAR EXPANSION
March 1st, 2011
BY MARK GODFREY
IT is a sign of how hungry China has become for uranium that even private firms here are being allowed hunt for overseas uranium assets. New to the uranium market, Sichuan-based conglomerate Hanlong Energy joined a string of state-run procuring companies late last year when it invested US dollars USD5 million in Australia's Marenica to dig for uranium in Namibia. While Hanlong is a privately owned firm, its overseas expansion has been facilitated by a USD1.5 billion soft loan from the China Export Import Bank, one of the country's policy lenders. ...
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