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Reported at domain-b.com, this is a great story. A Russian and a Chinese company competing to buy a Mongolian uranium mine from a Canadian junior, while mighty Washington sleeps…
Continuing its acquisition spree for the world’s natural resources to fuel the development of the its fast-growing economy, another state-owned Chinese company, CNNC Overseas Uranium Holding Ltd (CNNC Overseas), an indirect wholly-owned subsidiary of China National Nuclear Corporation (CNNC) is set to acquire Canada’s Khan Resources Inc (Khan), a Mongolia-focused uranium mine developer, for approximately C$56.5 million ($53 million).
You can read the rest of it here.
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{ 2 comments… read them below or add one }
How long before China or its surrogates begin making offers on Canadian, American, or Greenland deposits? Maybe they have already.
abandoned rare earths how many mines r there in u s and canada???????