China’s CNNC Plans To Acquire Mongolian Uranium Resources For $53 Million

by Jack Lifton on February 4, 2010 · 2 comments

in China, News Analysis, Uranium

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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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1 Tek February 4, 2010 at 5:01 pm

How long before China or its surrogates begin making offers on Canadian, American, or Greenland deposits? Maybe they have already.

2 michael murphy February 20, 2010 at 8:03 pm

abandoned rare earths how many mines r there in u s and canada???????

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